“Rent control in Venezuela dates to 1939 but was not enforced by Pérez Jiménez. In August 1960 Betancourt revived it, passing a new rent-control law and prohibitions on eviction. Since then, ‘not one apartment rental building has been built,’ writes Vladimir Chelminski in his 2017 book, ‘Venezuelan Society Checkmated.’ The legendary slums that climb Caracas’s hillsides are a testament to this socialist stupidity.”

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