Mismanagement and bad timing are fundamental characteristics of socialism. It builds up over time too. But I gotta hand it to the Venezuelans. They they have perfected the art of mismanagement. And they destroyed their country in a very few years. They did in 4 or 5 years what took the Soviets 70 years to do.
“They they have perfected the art of mismanagement.”
what is happening in Venezuela is WAY more than simple “mismanagement”.
The government abrogated the rule of law, stealing billions of dollars of private property, both foreign and local, including farms, factories and retail chains, and doling them out to their kleptocratic military buddies, to be stripped bare of anything of value and never to function again.
Printing money until the inflation rate exceeds 2,300% per year goes far beyond “mismanagement”.
Using the military to keep starving citizens isn’t “mismanagement”.
Holding fake elections to overturn the constitution and federal legislature isn’t “mismanagement”.
These and dozens of other similarly rapacious actions are nothing more than national pillaging by military strongmen who care for nothing except their own power and well-being.
What’s happening in Venezuela has nothing to do with “mismanagement”: everything being done there by the military dictatorship is being done on purpose and with deliberate intent.