Yet those who produce wealth, jobs and income around the globe are already wary of those simple answers. The fact is, Venezuela does not have the investment capacity, to train and employ the population in a way which would reduce poverty or spur commerce. Only private investment can do that. The economic crisis was bad, but when Chavez leaped to the top of the national polls, it cratered. Commerce is minimized.
Investment is choked off.
Venezuela's bond rating took a beating. Companies are laying off workers. The bolivar is being abandoned for the dollar. Shares in the local bolsa are selling for record lows. Markets are known for this kind of behavior worldwide.