Venezuela’s death spiral is getting worse

Venezuela is stuck in a doom loop that's become a death spiral. Its stores are empty, its people are starving, and its government is to blame. It has tried to repeal the law of supply and demand, and, in the process, eliminated any incentive for businesses to actually sell things. The result is that the country with the largest oil reserves in the world now has to resort to forced labor just to try to feed itself. It gives new meaning to the revolution devouring its own.
Read more: https://www.washingtonpost.com/news/wonk/wp/2016/08/08/venezuela-is-stuck-in-a-death-spiral-and-its-only-getting-worse/?source=Snapzu