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Scoop.it!
Faced with record high youth unemployment and bankrupt local councils, the country’s population is beginning to feel the weight of the economy’s flaws 
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Scoop.it!
As inflation soars, Venezuelans have been forced to find new ways to pay for essentials – when the power supply allows
Graham Watson's insight:
If you want to see how damaging hyperinflation can be - read on. This article looks at the complete collapse of the Venezuelan economy and how the ordinary Venezuelan is struggling to make ends meet.
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This Guardian article looks at the state of the Chinese economy and argues that the ongoing problems with youth unemployment, and bankrupt local councils reflect a wider systemic malaise, because of the lack of accountability at the heart of a centrally planned economy. It's something that's already played out in the former Soviet Union, so will it occur again in China?