Venezuela's economic crisis really began after oil prices fell drastically in 2014 and the west used Chavez's death/Maduro's election to increase pressure on the country via sanctions which for example made buying parts to maintain oil refineries difficult. Before that, it was doing about as well, or better (of course, failing to become independent from oil exports) compared to the other countries in Latin America.
Argentina was already in a crisis for the last ...20 years-ish, but this acceleration of the crisis happened in a week even as Milei backpedaled on some potentially damaging promises like cutting trade with China.
Argentina isn't sanctioned at all lmao. Thinking Venezuela is a failure is exactly what the US and its allies want you to think with the ridiculous amount of sanctions. Can't have people see Socialism succeeding.
It's beginning to look like Venezuela but with libertarians. It's quicker than I thought.
Venezuela's economic crisis really began after oil prices fell drastically in 2014 and the west used Chavez's death/Maduro's election to increase pressure on the country via sanctions which for example made buying parts to maintain oil refineries difficult. Before that, it was doing about as well, or better (of course, failing to become independent from oil exports) compared to the other countries in Latin America.
Argentina was already in a crisis for the last ...20 years-ish, but this acceleration of the crisis happened in a week even as Milei backpedaled on some potentially damaging promises like cutting trade with China.
No it isn’t. Venezuela is one of the most sanctioned nations in the world.
And they are doing it all by themselves, no sanctions required.
Venezueal is a locked country that's sanctioned to hell, Argentina is about to break incompetence records not ever seen before
Argentina isn't sanctioned at all lmao. Thinking Venezuela is a failure is exactly what the US and its allies want you to think with the ridiculous amount of sanctions. Can't have people see Socialism succeeding.