i mean, maybe maduro and the venezuelan government aren't the best economists out there, but american intromission and black propaganda fux any economy
Anyone that says they should have diversified their economy is just being unrealistic. You have the resources you have and even if you start to diversify that's the resource you have to use to begin with and that gets sanctioned and now you are stuck in a loop.
At least Venezuela uses it's own resources, unlike America who makes bank off other people's shit.
what if Venezuela didn't want to diversify its economy? should it be punished by illegal sanctions for that? where is the free market that neolibs talk so much about?
Not wanting to diversify your economy is tantamount to giving your life to others. The reality is that there is no so-called free market at all. It is necessary to maintain the ability to resist risks.
That isn't what happened. The sanctions where because the president didn't have legitimate elections... and killed political opposition. I don't agree with the sanctions as political punishment. But the emergence of Russia played a larger role than sanctions. Russia makes cheaper oil
They had a national welfare system that to my understanding was very extensive, but just handed out money. What if that money was instead moved to the creation of other sectors and welfare was done through that