this article on The Nation, from 2016, also references the private sector as the dominant force in the economy

https://www.thenation.com/article/why-is-venezuela-in-crisis/

too poor to buy corn flakes... <:ohno:520006095125872641>

as does just about every study on the matter

ahhhh c'mon man

really?

rofl, that's a protest?

I thought it was a gay pride on shitty motorcycles parade

http://www.laht.com/article.asp?CategoryId=10717&ArticleId=2443983

@Xinyue

the public sector is not the leading element in the Venezuelan economy. literally no source has this as its content

@The Big Oof fucking stop

<:PeepoWeird:525686670989852672>

For Christ'sake

Well... how's that petro doing? 🙄

that's weird because many enterprises left the country to don't risk any expropiation

the Petro?

I get 13 pings for this server each day

Lol

it was devaluated after 3 days of it's realease

lol, I know

https://panampost.com/sabrina-martin/2017/09/29/state-owned-companies-in-venezuela-have-lost-us368-million/

You can't even trade it because the volume is nothing

> 526 companies

Venezuela has 4,000 companies

So if 526 companies are state-owned, then it can't possibly be a state-owned/public sector dominated economy. By your own reasoning.

@Thomas Watson Can I add you to the opt out role? It hides the channel

of course, nobody wants to trade in Petros

No

Just lemme see it

@The Big Oof

<:PeepoCool:526388665446957075>

526 companies out of 4,000 is a screaming minority.

Argument fails on its own merits

rofl no it isn't

I'm used to getting pinged anyway

526 State Owned Companies

for god sake

yes out of 4,000 in total

so, no, not a socialist economy

the State owns 4.000?

no

Do you realize that those 3474 companies might be smaller than one of the 576?

there are a total of 4,000, it seems