GSI Banner
  • Free Access
  • Contributors
  • Membership Levels
  • Grey Swan Forecasts
  • Video
  • Origins
  • Sponsors
  • My Account
  • Sign In
  • Join Now

  • Free Access
  • Contributors
  • Membership Levels
  • Grey Swan Forecasts
  • Video
  • Origins
  • Sponsors
  • Contact

© 2026 Grey Swan Investment Fraternity

  • Cookie Policy
  • Privacy Policy
  • Terms & Conditions
  • Do Not Sell or Share My Personal Information
  • Whitelist Us
Ripple Effect

A Tale of Two Countries

Loading ...Addison Wiggin

January 6, 2026 • 1 minute, 29 second read


PolandVenezuela

A Tale of Two Countries

History is clear. The “warmth of collectivism,” as New York City Mayor Mamdani wants you to believe, doesn’t come from a healthy economy. Maybe from, burning books and buildings… but not from building a prosperous society.

Let’s compare two countries. Poland, rising out of collectivism, and Venezuela, forced into the delusion:

Turn Your Images On

Twenty years ago, the economic prosperity of Poland and Venezuela were, all things being equal, identical. (Source: Our World Data)

Poland spent decades behind the Iron Curtain as a vassal state as part of what Reagan called the “Evil Empire”, the USSR. Venezuela did not, enjoying growth and economic freedom to become one of the wealthiest countries in South America.

However, Venezuela’s shift towards collectivism in the early 2000s led to a massive decline in the standard of living.

Meanwhile, once the people of Poland unshackled themselves from the collectivist delusion, it has become a thriving success story.

Since 2000, Poland’s GDP per capita has more than doubled after adjusting for inflation.

In 2025, Poland surpassed Switzerland on the global who’s who of thriving economies, joining the G20.

In the same time span, Venezuela’s GDP has declined by two-thirds.

~ Addison

P.S. Grey Swan Live! returns from its holiday hiatus this week. Our guest this week will be Matt Smith, publisher at Casey Research. Matt and co-author Doug Casey have just released a new book titled “The Preparation.”

Quick hit: Both Matt and Doug are raising cattle in Uruguay. The Preparation has some very strong opinions on the value of Western education and how to prepare the next generation to participate in a strong, thriving economy.

If you have requests for new guests you’d like to see join us for Grey Swan Live!,  or have any questions for our guests, send them here.


Panama, The Strait… and Private Credit

March 16, 2026 • Addison Wiggin

With the United States conducting what the Pentagon politely calls an “operation” against Iranian military infrastructure, markets have had every reason to be panicky. Instead, the past week delivered something subtler…

Panama, The Strait… and Private Credit
All that Glitters Ain’t Enough

March 16, 2026 • Addison Wiggin

Gold has been consolidating after a powerful multiyear rally. Yet with America’s gold reserves equal to only about 3% of federal debt, the metal could still have significant upside ahead.

All that Glitters Ain’t Enough
You Can’t Print That!

March 13, 2026 • Andrew Packer

The Federal Reserve can print money, but it can’t print oil. As energy prices surge and supply disruptions loom, the central bank may find itself with limited tools to fight inflation driven by real-world shortages.

You Can’t Print That!
The SPR Drain Is Worse than You Think

March 13, 2026 • Andrew Packer

The plan to release 172 million barrels from the Strategic Petroleum Reserve would leave the U.S. with its smallest stockpile of emergency oil in more than four decades. And with tensions simmering globally, the shrinking reserve raises uncomfortable questions about how prepared the U.S. is for the next supply disruption…

The SPR Drain Is Worse than You Think