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In reply to the discussion: Venezuelan president tries out new powers [View all]Theyletmeeatcake2
(348 posts)50. As long as the oil price stays up they'll manage to get by,
Even without your tick of approval...this is not a basket case like Greece we're talking about here! This is a country rich in natural assets that are not being utilised to it's full extent and that's why various industries have been targeted by the government because opposing interests have encouraged things like leaving farms,factories to lie idle...we're talking about the same interests that almost were successful in ousting Chavez with a short lived coup...the same interests that made VZ a basket case to start with...were you in favour of these interests or is your view purely economic??
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Wasn't there a Republican politician that was talking about a coup just the other day?
Ash_F
Nov 2013
#10
I just refuse to judge him and his running of his country as an outsider not knowing all
Arcanetrance
Nov 2013
#9
True, I think they have taken over many foreign businesses in the last few years
davidpdx
Nov 2013
#33
No, it will create product shortages. Which are already happening due to price controls.
geek tragedy
Nov 2013
#14
My understanding was that the government owned much of the manufacturing and industry in general
Arcanetrance
Nov 2013
#16
They do have a debt/GDP ratio half that of the US and have trading surpluses
Theyletmeeatcake2
Nov 2013
#28
They are the 5th highest oil producing country. It should be much better than that.
stevenleser
Nov 2013
#44
Not sure about that as their oil production continues to drop precipitously
stevenleser
Nov 2013
#52
Yes indeed, don't give those poor people money as they don't know how to use it properly
Theyletmeeatcake2
Nov 2013
#25