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Unsustainable. Things will probably change after enough Guyanese find out.
by profsummergig 2y ago
Unsustainable. Things will probably change after enough Guyanese find out.
- onlyrealcuzzo 2y agoChange how? Like they changed in Venezuela? Venezuela nationalized oil production in 71, it collapsed 50% within a few years, briefly rebounded, and is currently down almost 90%. That didn't work out for Venezuela.
- PittleyDunkin 2y agoWell they're no longer beholden to american corporations. That's a massive win; the market will 100% swing back in their favor eventually.
- onlyrealcuzzo 2y agoYou consider it a "massive win" going from - per capita - the 4th richest country in the world [1] to one so poor you have an ~82% food insecurity rate and ~53% in extreme poverty [2]? [1] https://en.wikipedia.org/wiki/Economy_of_Venezuela https://en.wikipedia.org/wiki/Economy_of_Venezuela [2] https://www.ohchr.org/en/press-releases/2024/02/venezuela-un-expert-calls-human-rights-not-charity-end-hunger-and https://www.ohchr.org/en/press-releases/2024/02/venezuela-un... That would be worse than Qatar turning into Venezuela. Venezuela was richer than Qatar - by quite a bit. I think people fail to grasp how good things were in Venezuela before 71.