That is a very rational business decision. As long as the existing Socialist framework government albeit without Maduro continues to maintain overall power in Venezuela, risking private capital in that setting is extremely high risk and foolish. In the US the socialist dominated enclaves ( LA, San Francisco, Portland, Seattle, New York City, Philadelphia) are also experiencing a dearth of private investment for the same good reasons.
0 are also seeing for the same good reasons,
Its not hard to imagine Maduro being released and allowed to return to Venezuela should the Dems regain power.
Not only are the American socialist-dominated enclaves ( LA, San Francisco, Portland, Seattle, New York City, Philadelphia) experiencing a dearth of private investment, oil companies there are abandoning existing investments. What’s going to happen to the shuttered big refineries across California? Equipment is worthless and can’t be sold. The socialists will steal the real estate for pennies and build Socialist Paradise low-income housing. It’s tantamount to state confiscation of the properties.