Wikilatief - Venezuela, a country that pays for its people so that there is no gap between rich and poor
As I recall, Venezuela was the era of Hugo Chavez regime.
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| Hugo Chavez |
Just unfortunately, on the other hand, displaying the dilapidated foundations that ultimately led to one country's collapse, Chavez simply overs relied on expensive policies to continue to rely heavily on petroleum exports.
Admittedly Venezuela is one of the richest countries after the discovery of petroleum, but many of Chavez's policies are only for the short term such as focusing massive developments in the petroleum industry sector, nationalizing private companies, and providing a lot of high social security to society.
Unfortunately Chavez forgot that the price of petroleum could have dropped suddenly, and the amount of production would not always be routinely the same.
Admittedly Venezuela is one of the richest countries after the discovery of petroleum, but many of Chavez's policies are only for the short term such as focusing massive developments in the petroleum industry sector, nationalizing private companies, and providing a lot of high social security to society.
Unfortunately Chavez forgot that the price of petroleum could have dropped suddenly, and the amount of production would not always be routinely the same.
After his departure from cancer in 2013, Venezuela proved to be abandoned by a leader who was usually able to take care of many things and was instead replaced by an independent leader named Nicolas Maduro.
I don't know if this is true, but the peak was when the U.S. was touting Venezuela due to the massive nationalization of companies domiciled there, so that not a few U.S. companies whose assets were taken by the government.
I don't know if this is true, but the peak was when the U.S. was touting Venezuela due to the massive nationalization of companies domiciled there, so that not a few U.S. companies whose assets were taken by the government.
In addition, the plummeting price of petroleum is a factor in Venezuela's rising foreign debt.
This is why I am still quite skeptical of the practice of Socialism or Communism in state life, especially in this modern era because if the end of human quality is still lowing then subsidies -government subsidies will only end ups running out without any results.
The first is the embargo. Venezuela is like a city that is besieged desperately, will not be able to grow and survive.
The variables that are problematic about Venezuela are actually like these :
The first is the embargo. Venezuela is like a city that is besieged desperately, will not be able to grow and survive.
This seems like a move the U.S. often makes at its opponents. Look at Libya, China (yes, China though), North Korea, and Cuba, they've always had an embargo, and that lasts the best of China, and it's no secret that China's population and territory are large and allow self-sufficiency.
Even Venezuela experienced an oil embargo in 1973, the only thing, they could sell at the time.
The second is that the oil prices are falling because other countries are also producing oil. This besieged city is getting worse because it has no livelihood.
The second is that the oil prices are falling because other countries are also producing oil. This besieged city is getting worse because it has no livelihood.
Venezuela does intend to nationalize oil to develop other sectors, but oil prices are falling and nothing can be done to develop other sectors, let alone with such an embargo.
The fall of Venezuela is inevitable, and we all know who did it. Countries that like to put their companies into developing countries, reap the maximum profit, then impose sanctions because the developing countries want to nationalize the sector for their economic development.
The rest may be read by myself about Venezuela, I do not discuss in question and only in general, a country whose good intentions by financing its people, so as not to be poor are ultimately destroyed by a crisis that makes poverty a common sight again.
The fall of Venezuela is inevitable, and we all know who did it. Countries that like to put their companies into developing countries, reap the maximum profit, then impose sanctions because the developing countries want to nationalize the sector for their economic development.
They then wandered the country all outs (despite supporting the free market, this is ironic), or supporting the coup that resulted in the establishment of a right-wing regime. Then declared socialism it would not work.
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