Economic Woes Threaten Chavez's Socialist Vision

How can one of the world's richest oil countries suffer from chronic electricity blackouts and a general povertization of the population? The answer may lie in a philosophical debate that has been taking place for centuries: should societies organize under socialist or capitalist economic principles? Venezuela is finding out that its experiment with socialism may have been a grave mistake.

Economic Woes Threaten Chavez's Socialist Vision : NPR