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I'd say corruption is a bigger culprit than regulation in Venezuela.

• panitaxx 9y ago
  Socialism ... It never fails to ruin a country. When it is ruined then it was never "real socialism". The problem, and I know this is a little bit OT, is that when you give people incentives not to work or you give arbitrages opportunities they are going to go for it. Negative incentives work also, e.g. here they regulated almost every price, result: no regulated-price products are found (only in the black market).
  • dang 9y ago
    Please don't do generic ideological arguing on HN. It's off-topic here, and not the benign kind of off-topic. I respect that your comments arise from a serious and even tragic situation, and am sure most everyone here shares that feeling.