Children’s Drawings Show What Hunger Looks Like in Venezuela

[Marksman_91]

9. Venezuela's problems go well beyond low oil prices

Its government is actually run by narcs, and since Chavez's days, they've been arbitrarily taking away private businesses away without compensation and ruined entire industries by putting military and inexperienced managers to run them simply because they were loyal. They never diversified and developed the other aspects of their economy (on the contrary, they did all they could to destroy it while making themselves insanely wealthy) and now when oil prices are down, they're paying heavily. Oh, and price controls are a BIG no-no as well when it comes to economics. One need only look at the "humble" attires, vehicles, security, and residences of the top Chavista leaders and military personnel to see that the only ones who have become richer under chavismo is them and nobody else.