This was originally an answer i wrote in a new topic. Decided to open a totally new one to do what dictators really hate. People who inform.
I had the bad luck of being born in Venezuela. Things are getting worse extremely fast to the point surviving it's a big challenge if you are not corrupt.
I believe that not only communism is to blame, but also to the people who allow it and support it inside a country. Nicaragua and Mexico are on their way to this situation in a matter of some years.
Dollar, decades ago was almost as the same price as Venezuelan currency, thanks to the big production of oil mainly. The situation have been degenerating incredibly fast. This year, the annual inflationary rate quadrupled in a matter of two months to 18,000%.
https://www.miamiherald.com/news/nation-world/world/americas/venezuela/article210282264.html
Right now, the inflationary rate is around 42,000% and rapidly growing everyday that passes by.
https://www.twitter.com/steve_hanke/status/1012790558924984322
Do you imagine going to the buy something right now and then you go in some hours and the price went up? It could happen right?. Not a bad thing - What about that happening everyday without exception?
https://www.youtube.com/watch?v=rmQfpkIkgsA
Remember how i said that the Venezuelan currency used to be almost at the same price as the dollar? Right now $1 equals 6.000.000.000bs and going up everyday. The past president Chavez took three zeros out of the currency so the mental impact wasn't so bad, instead of solving the problem. They decided to take five zeroes out of the currency instead of only two. It will start on August 20th.
More info: https://www.ndtv.com/world-news/inflation-hit-venezuela-to-remove-five-zeroes-from-currency-1889867
And here: https://www.youtube.com/watch?reload=9&v=I9tH8DTqUZo
If you think things are bad in your country, look again. You might be missing a couple of things to be grateful for. It should be an example for all countries, to not be a rich country and at the same time the poorest country in the world.