Latin America

Venezuela's Market Counterrevolution

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Some interesting results from the latest Pew Global Attitudes survey. Bloomberg reports:

Latin Americans increasingly support free markets as economic growth boosts income across the continent, a survey by the Pew Research Center showed.

Market support is greatest in Venezuela, where 72 percent of respondents agreed "most people are better off in a free market economy," up from 63 percent in 2002, as President Hugo Chavez deepens his socialist policies, the poll said. About 65 percent of Brazilians, 60 percent of Chileans and 55 percent of Mexicans also said most people benefit from free markets.

Yup, you read that right: Support for the free market is highest in the Bolivarian Republic of Venezuela.

Full story here.