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The USA is wrecking their economy to bring in their right-wing dictator/coup attempter/puppet. Generally the US works very hard to eliminate any sort of sociali

• chiph 6y ago
  Were there sanctions against the Venezuelan government by the US? Absolutely yes. But a big part of their problems are self-inflicted. When they nationalized several foreign-owned industries (beyond oil), that severely reduced confidence in doing business in the country. Most of the industries taken over were "western" (US, French, British), but they also took over steel mills owned by Argentinians, and homes owned by wealthy Venezuelans were turned into a government-run resort area. Ford still has a vehicle assembly plant in Valencia [0], but production is spotty due to parts shortages. And I suspect that the currency exchange rates aren't helping matters. [0] Disclaimer: My grandfather (a lifelong socialist and union man) helped open the plant in the early 1960s.