Tuesday, October 17, 2017

With Venezuela on the road to ruin*

The economic differences between Venezuela and Trinidad and Tobago is only a matter of scale, since both countries basically did the same thing.  As an example, when Hugo Chavez came to power, the price of oil was high and, like most stupid politicians, he spent, gave away, subsidised what he could and stole, so when the price of oil bottomed out the country was left bankrupt.