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Gosh, I wonder why the US is so obsessed with Venezuela (feddit.uk)
submitted 11 months ago by to c/politicalmemes@lemmy.world
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[–] 22 points 11 months ago* (2 children)

Eh, the reason there's so little exports is because the extraction collapsed when all the workers at the national company, PDVSA, were fired in a single day for political reasons. Then the drop in prices in 2015 further destroyed all facilities. Even if the US invades today, it would take decades to rebuild the infrastructure back to pre-2000 levels of export.

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  • [–] 2 points 11 months ago

    Hiring across the Venezuelan government and nationalized industries became based on Loyalty to Chavez rather than competence which fucked them over big time. Watching Trump do the same to the US has been difficult.

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  • [–] 5 points 11 months ago

    It is a combination of sanctions and a lot of infrastructure being broken. But a lot can be repaired relatively quickly. You do not need peak production levels to make a hell of a lot of money.

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