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Hrm....and why do those state actors work against Venezuelas interest? Perhaps they have aligned themselves with other other oppressive global regimes which nat
by johnmarcus 7y ago
Hrm....and why do those state actors work against Venezuelas interest? Perhaps they have aligned themselves with other other oppressive global regimes which nationalize resources to be managed by friends and family rather than competitive enterprises? And who did that alignment? Yep, poorly run government.
That aside, their monetary policy has also been a train wreck from the 70's, and compounded with more bad decisions in the early 2000's. https://mises.org/wire/venezuelas-economic-collapse-was-enabled-its-central-bank https://mises.org/wire/venezuelas-economic-collapse-was-enab...
Until they fix core issues in their central government/bank, they will continue to struggle in a global economy.