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Re:Norweigan oil fund by gabythenerd on Thursday August 01, 2019 @10:52AM (#20584214)
One piece of history that I think marks the start of Venezuela's free fall, it's the pardon that the then-president Caldera granted to the leader of a military coup, Chávez. That allowed populism and corruption to reign in the country (he won the next elections).
Re:Norweigan oil fund by orwin on Thursday August 01, 2019 @11:10AM (#20584443)
The corruption was there before the military coup. I think the only coup that did not involve prior corruption was the one against Mosaddegh (and still, the country was still corrupted from his predecessor). Also this was probably the coup that finished any hope of peace and democracy in the middle east.
Re:Norweigan oil fund by hutzlibu on Thursday August 01, 2019 @12:15PM (#20585232)
Not many people here probably know who Mosaddegh was. So for context, he speaks of the 1953 CIA backed coup against the iranian elected president Mosaddegh, who nationalized the oil from foreign companys. Which the foreign companys and their governments did not like. But, I am not sure if all would have been peace and harmony without that coup. Sudden oil richness in a very, very poor society, is just very hard to do right.
Re:Norweigan oil fund by smcl on Thursday August 01, 2019 @01:01PM (#20585851)
It’s possible, but since we made it a priority to mess them around for decades, we will never know what would have happened.