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by crdoconnor
3237 days ago
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Actually the economy suffered a massive contraction in the 80s when - surprise! - oil prices plunged. This is partly what led Chavez into power - mostly because while the country technically returned to growth - wages did not go up and unemployment did not go down. Same cause last time as this time but last time was "all the fault of capitalism" and this one was "all the fault of socialism". |
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