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Some of the reasons you listed occurred after the recent sanctions. You listed dysfunction twice and I don't know what "(a lot of government debt is held by mem

Some of the reasons you listed occurred after the recent sanctions. You listed dysfunction twice and I don't know what "(a lot of government debt is held by members of government!)" means or implies. Intervention in the economy was also a move employed by Chavez - who was, and still is, well loved by the country. Price control was implement so that the poor would not starve - maybe this was a good idea poorly implemented. Fast forward several years and with foreign goods becoming cheaper than what they could make in their own country = devalued Bolivar + more inflation. Anyways, the point I was making was that it was already set in motion that their economy would crash before Maduro took power. Hence, my statement "How did Maduro's govt mess up their economy?"

sonnyblarney 8y ago
"Intervention in the economy was also a move employed by Chavez - who was, and still is, well loved by the country. Price control was implement so that the poor would not starve" Chavez set into motion that which Maduro continued and is the primary problem creator. Chavez is only beloved by some because he had massive Oil revenues to bribe the plebes with, and he left others holding the bag of the destruction he created. 'Price controls' are a very temporary and ultimately destructive way to do anything and certainly will only guarantee more economic destruction thereby making things much, much worse for everyone especially the poor. Maduro is responsible because he resided over the continuance and embellishment of stupidity. He could have ushered in some responsible reforms, but he did the opposite.