I suspect Venezuela is going to get a whole lot worse before it gets better.
“Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.”
-Winston Churchill
I suspect Venezuela is going to get a whole lot worse before it gets better.
GM didn't realize this possibility going in? If not, they are really too stupid to be successful in business. How did Venezuela get into the oil business? They allowed oil companies to find and drill, then nationalized oil production.
SHMIV wrote:Bad thing is, they are getting precisely what they voted for.
[ Post made via Mobile Device ]
As are we.
Not really.. people voted Trump to drain the swamp, but it looks like he is drowning in the swamp.
Like one of my country ex-residents, at the end of his only mandate: "I was defeated by the system".
All political power comes from the barrel of a gun. The communist party must command all the guns, that way, no guns can ever be used to command the party - Mao Tse Tung
I suspect Venezuela is going to get a whole lot worse before it gets better.
GM didn't realize this possibility going in? If not, they are really too stupid to be successful in business. How did Venezuela get into the oil business? They allowed oil companies to find and drill, then nationalized oil production.
[ Post made via Mobile Device ]
I would hope that someone at GM realized the possibility and ran the numbers on how fast the ROI would be vs the likelihood it was seized.
“Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.”
-Winston Churchill
