Leadified on 27 January 2018
| Hiku said: This is pretty much entirely Maduro's fault for refusing to adjust their economy's dependence on oil after the oil crash in 2014. Instead he chose to have only his friends and allies benefit from the economy, while regular people are suffering in inhumane ways. Chavez probably shouldn't have made them as dependent on oil in the first place, but there was room for adjustments. |
Chavez did not make them dependent on oil because Venezuela has already been dependent on oil since the 1970s. His mistake was that during a pretty long oil boom he was not able to develop the country economically so it could sustain his welfare policies.
