Half the Venezuelan economy has disappeared

[DarthVolod]

Leadified said:

DarthVolod said:

So the means of production are all state owned in Norway now? It is more accurate to say Norway is capitalist in economic terms, but they also heavily tax and provide a large welfare state ... not exactly pure socialism if you ask me; more a mixed social democracy concoction. 

Destabilizing factors ruined Venezuela? I know US relations with them have been crap for a long time but that is one hell of a reach to pin the blame on the US while ignoring the dictator and the whole state run economy society-destroying socialism they embraced. 

How can Venezuela be socialist if it has a private sector? Where do you draw the line between Norway and Venezuela.

More like what's left of the private sector ... only 1/3 of the companies that were there as recently as 1999 still remain. Chavez and Maduro basically declared war on the private sector and only a small fraction of what it was remains. 

What little is left of the private sector will continue to fade away, just give them time. They are doing a fantastic job of running the country into the ground as quickly as they can.