this post was submitted on 21 Sep 2023
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It costs money for an entire country to even attempt to diversify its economy, and a shitload of time and natural resources.
They had a national welfare system that to my understanding was very extensive, but just handed out money. What if that money was instead moved to the creation of other sectors and welfare was done through that
First of all, your sentence is a contradiction on its own. A national welfare system that just handed money? Lula's policies are more akin to that. Second, Veneuzela did move its resources to other sectors of its economy (i.e housing) https://venezuelanalysis.com/news/12946/
Where do you think the welfare money goes huh?
In Venezuela? It went directly to unemployment
It was. Not much you can do when you are psychologically abused and sabotaged by a larger next door neighbor.