When majority Venezuelans voted Hugo Chavez into power in 1999, Hugo's Socialism was the People's answer against the foreign corporations. Kinda like "Sticking it to the Man", so to speak. It was payback time to see the Venezuelan Government take over private enterprises both foreign & domestic, to an extent, Hugo's government deemed necessary.
Today, we see people getting hungry & everyday necessities in short supply, those democrat socialist citizens (those who voted Hugo in Power) must be thinking to themselves that the Government has to get "More Involved", in order to provide more food and living necessities. Can't live on oil alone. Hugo's quest to kick out US & other Foreign owned Oil managed operations, left the country lacking in experienced & managerial operators that were foreign born. Diversification into other supported industries were minimal. Main focus was all about Government Controlling their Oil production and relying on poorly run government jobs, initiated in the areas of, poorly thought out, production job efficiencies & practices, failing to become a low cost global oil producer. Money cost to bring oil above ground was of no concern, as long as it created jobs for Venezuelans, but the world commodity oil prices caught up with them and could not compete globally. Thus resulting in, NO Viable Currency.. Worthless Money!! Not enough money to print new money!! That's how bad it is in Socialist Venezuela.
Venezuelans are now Begging for Government to Help them & It's Government is totally Helpless to its own people.... See the Trap Socialist governments set, when there is Too Much Government Involvement?
To Little To Late, to Fix this Broken Democrat Socialist Economy ... Marshal Law will be in effect soon as riots are on the horizon as a way of life... Like Katrina, when all the folks were spreading the word.... "Wal-Mart is open after hours and giving away all their stuff !!" Yea Right!! I'm gonna go Get me Some. I want my Fair Share of Free Stuff..