The conventional wisdom about Venezuela’s plight is largely mistaken. Only when Venezuelans recognize the real causes of their woes will they be able to make progress in overcoming them.
Liberty and self-government are not only good in themselves, but also have powerful and beneficial effects on a nation’s level of economic development and prosperity.
In recent years, scholars have begun to focus on the sources of "authoritarian resilience." But democracy has also shown surprising resilience, in part because the disorders to which it is…