Discussie: Onrust in Venezuela
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Oud 7 februari 2019, 12:53   #107
Frankenstein
Europees Commissaris
 
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Dit is wat ik eruit haal:

Citaat:
Unfortunately, much like his predecessors, Chavez didn’t appreciate the complexities, let alone the biophysical economics, of the oil industry. Rather, he saw it simplistically through the short-term lens of his own ideological socialist experiment.

From 1998 until his death in 2013, Chavez’s application of what he called ‘socialism’ to the oil industry succeeded in reducing poverty from 55 to 34 percent, helped 1.5 million adults become literate, and delivered healthcare to 70 percent of the population with Cuban doctors. All this apparent progress was enabled by oil revenues. But it was an unsustainable pipe-dream.

Instead of investing oil revenues back into production, Chavez spent them away on his social programmes during the heyday of the oil price spikes, with no thought to the industry he was drawing from?—?and in the mistaken belief that prices would stay high. By the time prices collapsed due to the global shift to difficult oil described earlier?—?reducing Venezuala’s state revenues (96 percent of which come from oil)?—?Chavez had no currency reserves to fall back on.
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