• Archangel1313@lemmy.ca
    link
    fedilink
    arrow-up
    1
    arrow-down
    6
    ·
    3 days ago

    Venezuela isn’t being hit any harder than any other country the US has beef with. Those other countries aren’t all collapsing under the weight of those sanctions. In every other case, they’ve managed to find a stable equilibrium within their own means. So, why is Venezuela so different? Why isn’t Iran experiencing rolling blackouts in a weekly basis? Why is Cuba able to fund cutting edge medical research?

    Venezuela has no shortage of natural resources at its disposal, and also no shortage of countries willing to do business with them, despite the sanctions. There is no reason why they should have failed so completely, to maintain even a minimum level of economic stability.

    But, they haven’t. They’re unique in both their economic and infrastructural collapse, as well as their out of control inflation. Almost everything they’ve done over the last two decades has made their situation worse than it should have been. It’s like they took all the available options, and chose the ones that would cause the most damage.