Yeah its Chavez's fault. No mention of sanctions, sanctions. The people who are obsessed with sanctions don't care about the humantarian impact as long as they get what they want.

On a related note, the Trump administration exempted Venezuelan state owned oil company Citgo from the recent round of American sanctions.

Citgo happens to employ former Trump campaign advisors as lobbyists.

http://thehill.com/policy/energy-environment/348007-trump-ex...

He is talking about a policy, not Chavez. The fact that lot of Chavez's policies were disastrous doesn't mean this one in particular was bad.

The disastrous policies. Could you name them?. Before he died, as afar as i know, Venezuela was getting on just fine. Whats disastrous is Maduro much like the one running the US. Both stupid

It's frequently pointed out Chávez didn't invest as much in modernizing PDVSA and production eventually fell. As oil prices crashed, the reduced production became a problem as it can't be expanded quickly enough without substantial investments.

But this is what I heard from an analyst and we must consider some information loss because this is far from my core expertise.

Lots of capitalistic countrys have suffering citizens, but there is there private fault, because they dont work hard enough. We all know the various ideologys immunity declarations. I wish there was a downvote for boring.