The Abysmal Scorecard of Socialist Revolutions

Venezuelan migrants hide their faces as they cross illegally into Colombia along a path known as a “trocha” on Aug. 31, 2018. Millions have fled Venezuela's deadly food shortages and spiralling hyperinflation, demonstrating the resounding failure of two successive socialist governments. AP Photo/Ariana Cubillos

Nineteen years ago, ex-general Hugo Chavez came into power in Venezuela, vowing that a “Bolivarian revolution” based on communist principles would improve the lives of the people.

Today, millions of Venezuelans are fleeing their homes looking for food, medicine, or employment in neighbouring countries. Inflation is out of control.