Re:Norweigan oil fund
by dbatten on Thursday August 01, 2019 @11:00AM
(#20584308)
While your point about per-capita production is well-taken, I don't think the original comment was intending to score ideological points. It simply said the Venezuelan crisis was avoidable and happened due to mis-management, not that Chavismo is an inherently evil ideology...
[ Parent
| on HN ]
Yes, thank you. I deliberately avoided attributing anything to ideology. At the end of the day, both countries are chiefly comparable in having nationalized their oil resources for the public benefit, at least de iure. Also Venezuela was actually doing quite well I believe in 2013 when prices were high. It was a singular failure of their stewards not to diversify the profits.