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How Venezuela went from the richest economy in South America to financial ruin
- MrZongle2 9y agoFTA: "...the country’s three leading parties, later narrowed to two, agreed to share power among themselves and oil revenue among their constituents. Their pact, meant to preserve democracy, came to dominate it. Party elites picked candidates and blocked outsiders, making politics less responsive. The agreement to share wealth fostered corruption." Gosh, that sounds familiar.