[QUOTE=mdeceiver79;50382706]Give it a few months and a coup and it should be a nice, healthy, corporate run banana republic[/QUOTE]
I'm hoping it goes the way of Colombia next door eventually
[QUOTE=Sobotnik;50382728]I'm hoping it goes the way of Colombia next door eventually[/QUOTE]
Hmm I don't know much about colombia so I googled it and over a quarter of its population live in poverty and it seems to have some pretty fierce inequality. I guess its better than everyone living in poverty but surely they could do better?
[QUOTE=Svinnik;50381572]There was an interesting reddit post that explained exactly why coke did this:[/QUOTE]
The thing is, the dollars exist. They are there. The fucking "military exercises" I listed costed 26 million dollars. The problem is that the currency controls established by the Venezuelan government restrict 92% of it's supply of dollars to the 10bs exchange rate, which can't be used by private enterprises. The "free floating" (Well, to their credit, this is the first time the exchange rate doesn't have an artificial ceiling and has just consistently rose as expected) exchange rate of 450bs to the dollar is therefore gimped by the sheer amount of preferential dollars still existing.
And you can be sure that while this government is leading the country, that won't change, and the reason is simple, those preferential dollars are the primary source of their excessive personal wealth.
[QUOTE=Sobotnik;50382728]I'm hoping it goes the way of Colombia next door eventually[/QUOTE]
Why not Chile, since that is by far the best run country in South America? And no, it wasn't just Pinochet being less awful (from an economic point of view) and incompetent than his contemporary dictators, the democratic governments of Chile were also more competent.
[QUOTE=mdeceiver79;50382745]Hmm I don't know much about colombia so I googled it and over a quarter of its population live in poverty and it seems to have some pretty fierce inequality. I guess its better than everyone living in poverty but surely they could do better?[/QUOTE]
Colombia achieved a lot of progress in the past few years, mainly in regards to the long-running conflict between leftwing and rightwing nutters finally calming down and the economy picking up a lot of traction. I think cutting poverty from 65% to 25% in the space of about twenty years is good progress, especially considering the circumstances the country has been in.
Venezuela could very easily have had much lower poverty, a stronger economy than Colombia, less economic inequality, and improved public services if they had been actually run by competent people. In the 17 years or so that Chavez and Maduro were in power, Colombia steadily improved - while Venezuela did the exact opposite.
[QUOTE=FlashMarsh;50383531]Why not Chile, since that is by far the best run country in South America? And no, it wasn't just Pinochet being less awful (from an economic point of view) and incompetent than his contemporary dictators, the democratic governments of Chile were also more competent.[/QUOTE]
There's a lot of similarities between Colombia and Venezuela, hence my view. Remember that the former has improved considerably in that time.
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