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Desmond Boylan / AP

As the holiday shopping season gets into full swing, is something capitalist happening in the socialist countries of Latin America? We're talking about the sudden dollarization of Cuba and Venezuela.

Miami Herald

The former treasurer of Venezuela’s socialist government was sentenced to 10 years in prison Monday in Miami for heading a billion-dollar corruption plot. This is how that all too common Venezuelan scheme works.

Fernando Llano / AP via Miami Herald

This month, credit ratings agencies declared Venezuela in default on part of its massive foreign debt. That was bad news of course for the socialist regime. And some economists say it's helping send an already wrecked Venezuelan economy to life support.