"countries natural resource belongs to the government"
I'm not going to read the rest, the majority of jobs are in private industry.
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"countries natural resource belongs to the government"
I'm not going to read the rest, the majority of jobs are in private industry.
If we are going to come to state of understanding, then we must meet half-way... as I said, the natural resource being in the hands of the government is the solution that Chavez had when he took power, that's why he went along nationalizing all of the countries resource. I believe Chavez, was a student of Simon Bolivar work and he would have understand the struggle of the common Venezuelan at the time, that's why he went on taking the power from what he saw as imperialist continuing the work of imperialism. We also have to look at the state of Venezuela economy prior to Chavez and after. Chavez, tried to take some of the abundant wealth that the country had an share it among the people, and often cited Simon Bolivar as his father. One cannot stick with the strict definition of the term socialism and grasp any understanding of the situation. He tried putting power into the hands of Venezuelans, so yes, there was a few Venezuelans that become wealthy under him and the Venezualans private sector grew under him. One of the problems of these modern day revolutionaries, they try to dismantle a system that's heavily align with the country economy, so in one hand they are distributing wealth to their people and another hand they are destroying the economies. I believe this is problem most post colonial and independent countries. These folks never really had the training of running an economy and that begins to show with time, that's the reason why these countries end up in so much problems. I am talking from that of an observer, my home country was going down the route of communism, the US crush it but it was the best economic time and growth the country has ever seen. Most of the leaders like the ideas of the varying governance and one must understand its a learning curve... so yes, the natural resources belongs to the government of the time, as they try to develop the country and their people... it would be naive and foolish to assume the current problems are that of the current government