As much as I would like to blame someone else, the us has not intervened in the country since the coup attempt in 2002.
This whole economic mess is due to Chavez expropriation policies that killed private industry and foreign investments and the lack of will to diversify the economy away from oil, and of course a huge sprinkle of corruption, embezzlement and theft. Sadly I'm not able to see a light at the end of the tunnel for the country that's why I decided to leave before it's too late.
Tks for your response , from what I have heard US sanctions have played a role of catalyst for an unstable equilibrium of economy , does that hold true at all?
Hyperinflation and scarcity started way before sanctions came in and if you look at the sanctions they are targeted at the politicians and not the country itself and really if the oil industry got sanctioned, everyone would probably starve to death in 3 months since we are neck deep in debt with the Chinese and Russian, we depend 100% of food imports and 90%+ of the county income comes from oil, so any direct sanctions to our oil supply could kill our ability to import food thus everyone dies cuz we don't produce shit anymore due to things mentioned in other comments here.
As much as I would like to blame someone else, the us has not intervened in the country since the coup attempt in 2002.
This whole economic mess is due to Chavez expropriation policies that killed private industry and foreign investments and the lack of will to diversify the economy away from oil, and of course a huge sprinkle of corruption, embezzlement and theft. Sadly I'm not able to see a light at the end of the tunnel for the country that's why I decided to leave before it's too late.
Tks for your response , from what I have heard US sanctions have played a role of catalyst for an unstable equilibrium of economy , does that hold true at all?
Hyperinflation and scarcity started way before sanctions came in and if you look at the sanctions they are targeted at the politicians and not the country itself and really if the oil industry got sanctioned, everyone would probably starve to death in 3 months since we are neck deep in debt with the Chinese and Russian, we depend 100% of food imports and 90%+ of the county income comes from oil, so any direct sanctions to our oil supply could kill our ability to import food thus everyone dies cuz we don't produce shit anymore due to things mentioned in other comments here.
tks again...best of luck for your migration plans.
Thanks! I hope I was able to shed some light into the situation!