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Francis Booth

(162 posts)
6. Surely you're aware that the global glut in crude oil has hurt Venezuela especially hard,
Mon Aug 1, 2016, 11:26 AM
Aug 2016

since about 90% or more of their export income is from crude.

How their current economic state is the fault of the US or some sinister right-wing scheme is just beyond me. If you can explain in detail how we did this, I'd love to hear it. I believe they badly blundered when Chavez fired half the PDVSA workforce in 2003 and replaced competent workers and managers with loyalists cronies. And Maduro continues to blame foreign actors and will not address structural problems in the economic model, so the poor souls there, who are really absolutely lovely people and deserve competent leadership, won't be getting relief anytime soon, I fear. Stooges and useful idiots in the far-left press continue to give the bus driver a pass, so don't expect any help from them.

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