LATE-STAGE SOCIALISM: Over half of young Venezuelans want to flee as economy Collapses, poll find.

Once Latin America’s richest country, Venezuela’s economy is now collapsing and it is battling hyperinflation at levels unmatched anywhere else in the world. The IMF projects inflation will reach 13,000% this year and the economy will shrink 15%.

For Venezuelans between 15 and 29, the crisis has escalated to a point where they have lost confidence in their home, according to a poll carried out by the US firm Gallup and shared exclusively with the Guardian. Some 53% would like to move abroad permanently.

One of the most painful effects of the current crisis has been widespread hunger. In 2015, when inflation and food shortages were well below current levels, nearly 45% of Venezuelans said there were times when they were unable to afford food; in the latest study, that figure had risen to 79% – one of the highest rates in the world.

The irony of this “teachable moment” is that young people tend to be more susceptible to socialism’s alleged charms.

And the obligatory COMMAND-F search result:

Just bad luck then, I suppose.