The US sanctions where another factor, yes, but not the biggest one. The biggest one was his bad administration. He did the same errors than his predecessors, even when he said that he was going to repair those errors, and he did these errors multiplied by ten.
Even worst, he instaurated an institutionalized corruption mechanism, with a lot of nepotism, despotism, resources and money diversion and tunneling, etc.
Also, take into account that some of the worst effects of his government preceded the US sanctions on Venezuela, that only made everything worst because he simply stealed harder from the citizens to be able to survive.
Also he horribly managed our economy, depending excessively on oil and when the 2008 crisis started he didn’t had a second plan and even worse, had a lot of unnecessary expenses.
The US sanctions where another factor, yes, but not the biggest one. The biggest one was his bad administration. He did the same errors than his predecessors, even when he said that he was going to repair those errors, and he did these errors multiplied by ten.
Even worst, he instaurated an institutionalized corruption mechanism, with a lot of nepotism, despotism, resources and money diversion and tunneling, etc.
Also, take into account that some of the worst effects of his government preceded the US sanctions on Venezuela, that only made everything worst because he simply stealed harder from the citizens to be able to survive.
Also he horribly managed our economy, depending excessively on oil and when the 2008 crisis started he didn’t had a second plan and even worse, had a lot of unnecessary expenses.
Edit: A typo, I hate these 😮💨