Andrew Bridgen highlights disastrous Venezuelan economic model

13th March 2018

Andrew Bridgen highlights the disastrous results of the socialist economic model as demonstrated by Venezuela.

Has my right hon. Friend made any assessment of the Venezuelan economic model that is so favoured by the shadow Chancellor? I understand the Venezuelan Government have made huge progress on reducing income inequality. Unfortunately, as is always the case with socialism, they have done so by pushing 80% of the population into poverty.

Actually, while watching Russia Today, I saw a very interesting piece on the Venezuelan economy—apparently everything is going swimmingly.

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