And after the nationalized their oil companies, they put in incompetent politicos to run them, so it wasn’t just the drop in oil price.
Also, Venezuela was an exporter of agriculture until Chavez took the farms from the owners and gave the land to people that didn’t know what to do with it. Just like Mugabe/Rhodesia.
‘Also, Venezuela was an exporter of agriculture until Chavez took the farms from the owners and gave the land to people that didn’t know what to do with it.’
Starvation transcends any economy. Such as earlier research here about Venesualans raiding stores of neighboring countries.