TaylorTRoom
1,000+ Posts
No, the US doesn’t deserve the blame Maduro (and Chavez before him) heals on it. Well, maybe we deserve blame for ex president Carter saying an early Chavez election was on the up and up.
The biggest problem with Venezuela’s economy is their refusal to pay their debt, even when restructuring was offered. That meant that future costs of borrowing would sky rocket, and dooming their currency.
The second biggest problem is that they nationalized foreign-owned businesses. That meant that foreign investment would dry up.
The third biggest problem is that the socialist model has replaced markets with central planning, a formula for retarded growth for, well... ever.
The fourth biggest problem is that the government refuses any aid that is not funneled through the government.
US sanctions on Venezuelan officials laundering money are far, far down the list.
The biggest problem with Venezuela’s economy is their refusal to pay their debt, even when restructuring was offered. That meant that future costs of borrowing would sky rocket, and dooming their currency.
The second biggest problem is that they nationalized foreign-owned businesses. That meant that foreign investment would dry up.
The third biggest problem is that the socialist model has replaced markets with central planning, a formula for retarded growth for, well... ever.
The fourth biggest problem is that the government refuses any aid that is not funneled through the government.
US sanctions on Venezuelan officials laundering money are far, far down the list.