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Poland Escaped Socialism And Got Rich. Venezuela Embraced It And Went Broke

· forbes.com · popularity 37/100 · 0 similar stories today

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Summary

A few years back, I compared two island-nations whose leaders came to power in 1959. At the time, Cuba was by far the wealthier of the two—rich in sugar, tobacco and tourism—while Singapore was a sleepy former colonial outpost with almost no natural resources. Fifty-something years later, and the …

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