Here we can see how simple thoughts that in principle are sold as beneficial, end up being a disaster. Are there people with low wages? We raise the minimum wage. Do we need more money? Let's print more. Again, this would be laughable if it weren't so tragic. It should be remembered that Venezuela has the largest oil reserves in the world, as well as deposits of gold, diamonds and other raw materials. Well managed, this would provide the majority of the population with a more than decent quality of life. Norway, for example, with socialidemocrat governments, set up a sovereing wealth fund in 1990 to invest the profits from oil and gas exploitation,
which has resulted in the world's largest fund from which all its citizens benefit. I would like to finish saying that I hope the Venezuelans will do well in the future, but I think they are in for a tough time.
This is the biggest tragedy of all, it is natural that people want to improve their standards of living but instead of doing the only way it can be done, by working hard, improving yourself and other similar measures they ask the politicians to take actions like that and since politicians care about nothing else but to get their vote and be popular they do so.
Then the people blame the politicians when things take a turn for the worse but this was not caused only by them, the people participated on their own tragedy, this is why politics should be a specific field of knowledge and a great deal of it should be dedicated to the economic aspect of running the government otherwise things like this will keep happening.