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by dhhdhdsbdb 2487 days ago
Because the upside of continuing to take money from Venezuela is outweighed by the risk that you miss someone specific, or accidentally sell to someone you're not supposed to.

Why would these companies, already in hot water federally, risk giving any more ammo to their naysayers?

2 comments

In addition, in a “planned economy” like that of Venezuela, it may be quite hard to assess who works for the government and who doesn’t (and I suppose that in many cases the answer would be “it’s complicated” anyway).
Most capital, by far, in Vz is owned privately.
What economy is not planned? Why call that out with scare quotes?
I'm using quotes because it's an imprecise definition and some may disagree with it, thank you for proving my point
Right, and I was trying to ask where a possible line might be by asking about what is on the other side.
Centrally or publicly planned. E.g. by the Soviet or Chinese communist parties, or in this case the Venezuelan government.
Bingo. These companies don't make enough money off Venezuelans to warrant the risks of providing services there. Basically, it would be more expensive to implement intense enforcement, oversight, and KYC processes for Venezuela than the profit they would make.