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Re:How Venezuela went from a rich democracy to a collapsing ... by 0x27081990 on Wednesday September 20, 2017 @07:59PM (#15299461)
They closed import/export for the private sector. Only federal government handles it. Which led to export just oil (inefficiently if I may add), so when priced collapsed they had to decide if pay debt and face hunger, or fight hunger and face a financial default. Guess which one they decided?

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