Latin American Economics
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A trail of 3 pages, marked with comments, by dewlev
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He has been talking about taking over the oil industry and nationalizing it for a while but on May 1 it finally happed.
3 marks in this trail
1
Why does he want to rock the boat so much? why is he pushing foreign investment away? spending money on "nationalizing" practically everything, money that he doesn't have? what good is he foreseeing that no one else including the best economist can't see??? 

When I first read about him I thought, what a great man, he wants to equalize the social scale, but what he doesn't understand is that you need the upper class. I hate to admit it but it's true. You need foreign investment, and you need to be in good terms with other countries to exchange goods and such all things that Chavez thinks are unimportant.

I feel sorry for the Venezuelan people, if they thought they had it bad before wait and see what will happen in the next few month when money will start deteriorating at an exponential level. I dare to think!!!

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