hausmann41_George Castellanos_AFP_Getty Images_Venezuela George Castellanos/AFP/Getty Images

Through the Venezuelan Looking Glass

The chaos into which Venezuela has fallen may seem to be beyond belief, given that the country sits on the world's largest oil reserves. In fact, Venezuela's meltdown is a product of belief – and it is not alone in adopting a dysfunctional paradigm for interpreting the world.

CAMBRIDGE – When we hear of a catastrophe that has befallen a friend, we feel both empathy and a sense of vertigo. We wonder whether it could happen to us: Is this catastrophe the result of some peculiar characteristic that we fortunately do not share? Or are we also vulnerable? If so, can we avoid a similar fate?

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