My wife and I each year host high school exchange students from Venezuela. We are on our 4th year. Through this experience we have learned a lot on how a corrupt government can simply destroy a country and their people. They are on track to have 2600% inflation this year. We simply could not imagine the day-to-day struggles the people have. Taz you are correct about the government seizing oil companies. The country's economy was based on oil sales. They literally import 95% of the products they need including food. There is no desire to innovate or be competitive when the government sets price controls on all products sold.
I fear a violent coup is necessary to get things back on the right track. This latest take over by the government will lead to no outside companies wanting to do business there.
Todd
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