(May 17, 2016 at 4:34 pm)CapnAwesome Wrote: Chavez really did a number on that country. He promised people free everything, thought that somehow a corrupt state could provide everything just by virtue of being a state. Politically isolated himself from his largest trading partner. Reality is a bitch.
If you look at what happened there compared to the economic turnaround of neighborhood Columbia, which had a moderate right government turning the Chavez years, the comparision is obvious. These things don't happen in a vaccum. Chavez tried to model his government on failed states and we shouldn't be shocked when it fails.
There aren't too many oil-producing countries who are doing all too well at the moment.
