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by tomohawk 3111 days ago
All systems have corruption. However, when the government nationalizes food distribution and production, that corruption has a much larger impact.
1 comments

Mismanaging/squandering/embezzling your country’s oil revenues and a steep decline in said oil revenues without a sovereign wealth cushion was what caused this, not nationalizing food distribution or production.

https://en.m.wikipedia.org/wiki/Crisis_in_Venezuela_(2012%E2...

Certainly the nationalizing seems to be part of it. Attacking the people producing said food for "hoarding" just to appease your socialist backers [1] [2], I must say, also seems less than helpful to my admittedly uninitiated brain. They've been at it for a decade.

[1] https://venezuelanalysis.com/news/11478

[2] http://www.nytimes.com/2007/05/17/world/americas/17venezuela...