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WORLDVIEW: SA is not Venezuela, but with bad luck, it could be
So, what are the warnings the tale of the decline and fall of Venezuela holds for SA? And what good news can South Africans take comfort in?
By Felicity Duncan
After reading about the electricity crisis in Venezuela and noting some striking parallels with the fate of Eskom, I got interested in the story of Venezuela's decline and fall and the lessons it holds for South Africa.
There's no doubt that Venezuela is in a state of near-anarchy. Millions of people have fled the country as economic refugees, and millions more have remained to face starvation, violence, and crippling shortages. What's most striking about the anarchy is that it is almost entirely self-imposed. There was no war or natural disaster. Venezuela is a homegrown and manmade crisis.
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