Venezuela hyperinflation hits 10 million percent. ‘Shock therapy’ may be only chance to undo the economic damage
Venezuela’s state-run economic model wasted the world’s largest oil reserves. The country owes $100 billion to foreign creditors. Its educated, professional class has fled. Economic shock therapy, implemented in regions like the former Soviet bloc, could be its only chance. View of damages in a supermarket in Valencia, Carabobo State, on May 5, 2017, the…