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Comments by "" (@shauncameron8390) on "VisualEconomik EN" channel.
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<because of the sanctions by the US regime. > That came 3 years after the oil prices and Venezuelan economy collapsed as Maduro was no longer able to maintain the facade established by Chavez. And whatever diversified economy it should have had to lessen the impact was decimated by Chavez's over-regulation and nationalization of the private sector along with free money to the people. <Venezuela was one of the richest countries in South America> Entirely due to oil as it had not much else going for it. But bad politics rendered it all but completely another Argentina.
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@thecomment9489 <That has nothing to do with US regime's sanctions.> Sanctions didn't cause Maduro to mismanage the oil industry to ruin. <First go learn basic elementary maths then probably comment on topics you don't understand or has been heavily indoctrinated with.> Follow your own advice, Chavista!
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With most of them situated in Africa.
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And run by either populists or socialists.
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Ditto for Iceland.
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But Spain's model only benefited the elite, not the average person. And you can see that replicated in Latin America.
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France and Germany having to prop up Greece, Spain and Portugal.
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None of them are dependent on tourism to survive.
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No. Nigeria has been corrupt since forever.
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