But But But...

Venezuela!!

 

 

 

 

What happened in Venezuela had nothing to do with "socialism". They built their entire economy around oil. When the price of oil dropped, their economy crashed. The USA helped that along by placing sanctions on them, essentially attempting a soft coup.

 

LINKS:

Overview Of US Sanctions Against Venezuela

Congressional Research Service - October 16, 2019

https://fas.org/sgp/crs/row/IF10715.pdf

Exclusive: Spain's Repsol Suspended Swap Deal For Venezuelan Oil Under U.S. Pressure

Reuters - April 17, 2019

https://www.reuters.com/article/us-venezuela-politics-repsol-exclusive/exclusive-spains-repsol-suspends-swap-deal-for-venezuelan-oil-under-us-pressure-idUSKCN1RT2F1

It's Corruption, Not Socialism, That Brought Down Venezuela

Pacific Standard - March 14, 2019

https://psmag.com/ideas/corruption-not-socialism-brought-down-venezuela

Venezuela'a Downfall Isn't About Socialism, It's About Oil

Ozy - February 27, 2019

https://www.ozy.com/flashback/venezuelas-downfall-isnt-about-socialism-its-about-oil/92669

US Sanctions Squeezed Venezuela's Chavismo Elites. This Time, It's Oil.

PRI - January 31, 2019

https://www.pri.org/stories/2019-01-31/us-sanctions-squeezed-venezuelas-chavismo-elites-time-its-oil

Why Does Oil Matter So Much To Venezuela?

PRI - January 30, 2019 

https://www.pri.org/stories/2019-01-30/why-does-oil-matter-so-much-venezuela

Venezuela: The Rise And Fall Of A Petrostate

Counsil On Foreign Relations - January 24, 2019

https://www.cfr.org/backgrounder/venezuela-crisis?gclid=EAIaIQobChMIvOSwuNDX5QIVCNbACh3I-gwPEAAYAiAAEgKLxfD_BwE

US-Led Economic War, Not Socialism, Is Tearing Venezuela Apart

Mint Press News - July 12, 2016

https://www.mintpressnews.com/us-led-economic-war-not-socialism-tearing-venezuela-apart/218335/

Oil Pushes Out Venezuela’s Agriculture

Marketplace - April 18, 2016

https://www.marketplace.org/2016/04/18/world/resource-curse/venezuela-ranchers/

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