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DarthVolod said:
Leadified said:

The essence of the problem is oil and it will always be a problem until Venezuela develops it's economy which will not happen without government intervention.


Perhaps they should move away from the whole nationalization thing since that is not working out for them ... 40 years ago it was not nationalized ... is not like they could never go back. 

I'm also pretty sure Venezuela could diversify itself without government intervention if only it was given the opportunity. Maybe if its people were not starving they would have the chance be entrepreneurs...

It's not as easy as you put it. Widespread privatization could very well lead to the same thing that happened in Russia in the 1990s, and Russia was not as dependent on one export as Venezuela is. Things are extreme right now in the country so a solution is not simple, for now they can probably only hope for oil to go up.