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In reply to the discussion: Venezuelan president tries out new powers [View all]Ranchemp.
(1,991 posts)41. You don't get it, do you?
The economic mess is self inflicted, the Ven. govt is spending more than they take in, plus the country's electrical infrastructure is a mess and failing, the highest crime rate in Latin America, chronic shortages of basic goods, all due to massive mismanagement by the govt coupled with rampant corruption within the govt.
This is not due to outside foreign meddling, this is internal ineptness by the Chavez, now Maduro, regime.
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Wasn't there a Republican politician that was talking about a coup just the other day?
Ash_F
Nov 2013
#10
I just refuse to judge him and his running of his country as an outsider not knowing all
Arcanetrance
Nov 2013
#9
True, I think they have taken over many foreign businesses in the last few years
davidpdx
Nov 2013
#33
No, it will create product shortages. Which are already happening due to price controls.
geek tragedy
Nov 2013
#14
My understanding was that the government owned much of the manufacturing and industry in general
Arcanetrance
Nov 2013
#16
They do have a debt/GDP ratio half that of the US and have trading surpluses
Theyletmeeatcake2
Nov 2013
#28
They are the 5th highest oil producing country. It should be much better than that.
stevenleser
Nov 2013
#44
Not sure about that as their oil production continues to drop precipitously
stevenleser
Nov 2013
#52
Yes indeed, don't give those poor people money as they don't know how to use it properly
Theyletmeeatcake2
Nov 2013
#25