I told you, advisors to his government, as well as a few economists from some opposition parties, if that counts. And it even appears that at least now he started to pay attention to some of them, he reversed some of the price controls for example. I don't know what took so long, if you don't have power over the market and you just introduce a strict price ceiling, the private sector will just sell stuff somewhere else or just not sell it, it's extremely hard to stop. It's weird because in 2014 they actually announced they would unify the exchange rate and then they just didn't do it. In 2016 there was a UNASUR team of economists who came up with a plan to get them out of the downward spiral, but again this was not followed. All the way back to 2013 and before people had identified issues with his approach.
In a long-time oil economy, producing goods locally costs much more than importing, and the money saved by importing could further the project of reducing poverty and inequality.
This is only the case while a boom is going on, that's why you have to be at least a little bit proactive, so that this shitstorm doesn't happen. And again, they were in a pretty decent position to do that compared to other socialist governments. They did not have sanctions until 2017. Or rather there were some sanctions, but only against some officials etc. Nothing particularly severe. It was when the crisis had already gotten to a really bad point that the US decided "OK let's finish them". Of course there is criticism for not adequately diversifying, because it's something you are supposed to expect, it always happens to countries whose exports are almost entirely one particular thing. It's happened many times and of course it was going to happen again, so it should have been a major priority. At least if diversification is just not working, save up the oil like Norway.
But then there is also criticism for the way inflation was handled.
I don't know what the rest of the post has to do with the situation, it looks kinda like a copy paste info dump that doesn't really have much to do with what I said.
I thought maybe you had specific names or something.
I already brought up a UNASUR team. Also I believe his new finance minister was one of them.
Half of your post didn't have anything to do with the economy or whatever, I'm pretty sure you just copied and pasted it from somewhere.
No it's not "just" because of the actions taken by the Venezuelan government but the Venezuelan government committed terrible mistakes again and again and again which left them vulnerable to totally avoidable things.
I told you, advisors to his government, as well as a few economists from some opposition parties, if that counts. And it even appears that at least now he started to pay attention to some of them, he reversed some of the price controls for example. I don't know what took so long, if you don't have power over the market and you just introduce a strict price ceiling, the private sector will just sell stuff somewhere else or just not sell it, it's extremely hard to stop. It's weird because in 2014 they actually announced they would unify the exchange rate and then they just didn't do it. In 2016 there was a UNASUR team of economists who came up with a plan to get them out of the downward spiral, but again this was not followed. All the way back to 2013 and before people had identified issues with his approach.
This is only the case while a boom is going on, that's why you have to be at least a little bit proactive, so that this shitstorm doesn't happen. And again, they were in a pretty decent position to do that compared to other socialist governments. They did not have sanctions until 2017. Or rather there were some sanctions, but only against some officials etc. Nothing particularly severe. It was when the crisis had already gotten to a really bad point that the US decided "OK let's finish them". Of course there is criticism for not adequately diversifying, because it's something you are supposed to expect, it always happens to countries whose exports are almost entirely one particular thing. It's happened many times and of course it was going to happen again, so it should have been a major priority. At least if diversification is just not working, save up the oil like Norway.
But then there is also criticism for the way inflation was handled.
I don't know what the rest of the post has to do with the situation, it looks kinda like a copy paste info dump that doesn't really have much to do with what I said.
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I already brought up a UNASUR team. Also I believe his new finance minister was one of them.
Half of your post didn't have anything to do with the economy or whatever, I'm pretty sure you just copied and pasted it from somewhere.
No it's not "just" because of the actions taken by the Venezuelan government but the Venezuelan government committed terrible mistakes again and again and again which left them vulnerable to totally avoidable things.
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