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Maduro is an idiot, and his crony socialism is destroying a once-great and proud country.

None of these stop-gap measures are going to save things down there, and while Maduro and his fellow party leaders will ride off into the sunset as billionaires (if his people don't kill him first), the poor Venezuelian people will suffer for many years to come.




"suffer for many years to come"

Unfortunately it will probably take decades to bring the Venezuelan economy back to a normal.

Almost every local industry is in shambles and foreign investors will need at least a decade to resolve all the claims from past nationalizations and settle all the debts.

Perhaps the worst economic problem is that any entrepreneurial spirit in the country has been crushed. For more than a decade the way to get ahead was to manipulate the system or leave.

Lastly the political institutions are completely broken. Another charismatic strongman could come along or the military could simply take over.

None of this is a quick fix. Things can - and probably will - get worse for years before they get better.

An analogy: If a well functioning economy is like a rain forest with thousands of interacting systems and species in a complex dynamic equilibrium, Venezuela is crappy zoo with most of the animals sick or gone, incompetent and cruel zookeepers and no money for feed.




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