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Which is to say that Venezuela is a man-made disaster.
It's a gangster state that doesn't know how to do anything other than sell drugs and steal money for itself.
Never has a country that should have been so rich been so poor. After all, every other country whose economy begins and ends at its oil wells has at least managed to avoid that fate.That's how its government cut poverty almost 30 percent its first 12 years in power.You can't keep redistributing oil profits, though, if there aren't any more oil profits to redistribute.The regime's cronies were happy to take money out of the company, but not so much about putting what they needed back in so that they'd continue to be able to turn their extra-heavy crude into refined oil.As a result, production fell 25 percent between 19.