Is there a level of society below implosion? Because they just may be heading there…
CARACAS, Venezuela (AP) — President Nicolas Maduro is doubling down on his existing economic policies with the appointment of a young leftist hardliner to head the country’s cratering economy, setting the stage for confrontation between the ruling socialist party and the newly powerful opposition.
Luis Salas, the new 39-year-old vice president for the economy, has scant administrative experience, but champions the same theories of price and currency controls that have defined Venezuela’s leftist economic policy for 17 years.
Like Maduro, Salas says the country is suffering from the world’s worst recession and triple-digit inflation because business interests are colluding with the U.S. to sabotage the economy.
He even goes further than Maduro in arguing that many of the country’s problems are the result of being too capitalist.