News for hackers. Stuff that matters.

A comment on Venezuela president raises fuel price, devalues bolivar to tackle crisis. Parent comment

Re:Venezuela president raises fuel price, devalues bolivar t... by AI_Overlord on Thursday February 18, 2016 @09:49AM (#11126079)
You had to have seen all of this coming when chavez started nationalizing everything.

Even I from the outside knew things would not end well when chavez, and then maduro, got elected.

It certainly has been a terrible price for the bolivian revolution experiment.

[ Parent | on HN ]
Re:Venezuela president raises fuel price, devalues bolivar t... by rafaelm on Thursday February 18, 2016 @10:10AM (#11126252)
Everyone who has a minimum knowledge of economics has been warning about this for ages.

Chavez even said once that our economy was bulletproof, that even if the oil prices plummet to zero, we were going to be OK.

I now fear that the only way out is through massive riots for food and medicines. The same people that held Chavismo in power these past years have to be the ones that remove them from power. And it's not going to be pretty.

[ Parent | on HN ]