Venezuela has been under socialism since Hugo Chavez began his rule as president in 1999, and then he was succeeded by the current president Nicolas Maduro (his follower). So the government has controlled most of the economy for 19 years.
As you know, people are fleeing the economic disaster that is Venezuela. In 2001 it was the richest country in South America. Today it's in free fall, despite the fact that it has the biggest petroleum reserves in the world.
"But how can it be that the country with the world's largest proved oil reserves can't afford to feed its people? The current crisis can be traced to the historical management of the country's oil industry."
No comments:
Post a Comment