this post was submitted on 03 Aug 2024
463 points (95.1% liked)

World News

38785 readers
3170 users here now

A community for discussing events around the World

Rules:

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 0 points 2 months ago* (last edited 2 months ago)

Not always, Venezuelan oil requires high investment and gives low return (compared with other reserves), so it requires a competent government who can keep a level of education/safety and/or can let expertise flow in and set up infrastructure with an expectation that they will get a long term return. At this rate neither are going to happen and Venezuela is fucked unless China goes all in (I don't think China is going to go all in).

This former minister explains that the reasons the military are backing Maduro are mainly financial, not political https://m.youtube.com/watch?v=UtcbV9HuHq8 Venezuela is essentially bankrupt and they can't default on debt to China without getting into bigger problems or becoming fully dependent on the IMF/US.