Socialism a real look https://www.yahoo.com/finance/news/venezuelans-buy-gas-cigarettes-battle-040206217.html Venezuela More than 4 million Venezuelans have fled the country in recent years, escaping low wages, broken hospitals, failing basic services and lack of security. The International Monetary Fund says inflation is expected to hit a staggering 200,000% this year. Venezuela dropped five zeros from its currency last year in a futile attempt to keep up with inflation. Soaring prices quickly devoured the new denominations. The smallest bill in circulation, 50 bolivars, is worth about quarter of a U.S. penny. City buses and even banks don't accept it, arguing it would take such a thick wad of bills to pay for even the most modest items that it wouldn't be worth the trouble. The largest bill, 50,000 bolivars, equals $2.50. Venezuela, which sits atop the world's largest oil reserves, was once rich. But the economy has fallen into ruin because of what critics say has been two decades of corruption and mismanagement under socialist rule.