Socialism Works - In One Chart

Tyler Durden's picture

As the US practically decrees a Maserati in every garage, it would seem the Venezuelan version of socialism is not encouraging its wealth redistributed, price-managed, margin-controlled, centrally-planned citizens to buy cars... January saw the lowest volume of car sales ever on record at 722 (not '000s) having dropped 87% year-over-year. At least they have record high stocks and toilet paper... oh wait...

 

 

Is The US today where Venezuela was 6 years ago?

 

Data: Bloomberg