Venezuela's Inflation to Reach 1 Million Percent, IMF Forecasts

[Disclosure]

the best thing that could happen to venezuelans would be for guyana to peacefully annex them

 

[Copy Ninja]

Unfortunately this just continues the narrative that Venezuela is an economic hellhole because of “socialism,” instead of massive corruption, oil price drops, incredible state capital mismanagement, foreign capital flight and trade pause, and Chavez stupidly refusing to diversify the economy while he was flush with cash.

I mean, that's basically what happened lol.

 

[EndDomination]

I mean, that's basically what happened lol.

The reasons I gave directly after that sentence are the reasons why it happened.
Adding in Chavez’s death and the political unrest that came when Maduro couldn’t fill his nationalist shoes.

 

[ROLLTIDE4EVER]

Unfortunately this just continues the narrative that Venezuela is an economic hellhole because of “socialism,” instead of massive corruption, oil price drops, incredible state capital mismanagement, foreign capital flight and trade pause, and Chavez stupidly refusing to diversify the economy while he was flush with cash.

I like how you defend socialism while listing stuff that was caused by socialism, namely the nationalization of private business and a loose monetary policy.

 

[Tres Leches]

worst president of all time


hugo rolling in his grave

 

[Copy Ninja]

The reasons I gave directly after that sentence are the reasons why it happened.
Adding in Chavez’s death and the political unrest that came when Maduro couldn’t fill his nationalist shoes.

When you have government control an industry that is responsible for 95% of the country's export earnings you set yourself up for fukkery.