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RE: Venezuelan Economic Crisis: An Outsider's Perspective

in #economics6 years ago

I am very sympathetic to their situation.
Because I am also very scared,
Because of my country,
Also possible/because of an inappropriate leader,
Under other country pressure,
Will become like that!
Because many people Are too optimistic,
They don't think mind's people will be an improper leader,
he Will bring the country walk end !
If when things really happen, It’s too late to regret it.

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Along with politics, it has a lot to do with their dependence on oil for revenue. They over rely on oil and oil prices have crashed since 2014. Big big reason for this scenario. Again that can be blamed on previous regimes for not taking steps to promote other business activity

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