that is comforting coming from a self proclaimed communist supporter. Over and over the lesson of history is that socialist crony loving govts destroy nations.
http://www.cato.org/publications/commentary/corruption-democracy-venezuela
Faced with such riches, Pres. Carlos Perez established a program called “The Great Venezuela,” a tropical version of Mao Tse-Tung’s “Great Leap Forward” in China that ended in financial and social disaster. The government poured close to $2,000,000,000 into industrial projects designed to convert southern Venezuela into another Ruhr. At one point, the country was home to more than 300 state-owned companies, none of which was profitable. As a result of the significant government expenditure and insufficient enforcement of regulations, corruption spun out of control. Up until then, graft had been restricted to the ruling elites, but now many Venezuelans started to participate in the abuse and misuse of public funds.
http://www.cato.org/publications/commentary/corruption-democracy-venezuela
Faced with such riches, Pres. Carlos Perez established a program called “The Great Venezuela,” a tropical version of Mao Tse-Tung’s “Great Leap Forward” in China that ended in financial and social disaster. The government poured close to $2,000,000,000 into industrial projects designed to convert southern Venezuela into another Ruhr. At one point, the country was home to more than 300 state-owned companies, none of which was profitable. As a result of the significant government expenditure and insufficient enforcement of regulations, corruption spun out of control. Up until then, graft had been restricted to the ruling elites, but now many Venezuelans started to participate in the abuse and misuse of public funds.
How is the country going to turn into Venezuela? Its economy is vastly more diverse.