> What if they use it to get some functional power plants? The massive brownouts right now are hobbling the economy; there would be much better growth prospects if people had reliable power.
Very good point. However, it's likely in order to build and maintain such infrastructure, Venezuela would need foreign investment and expertise...
If they burn all the bridges, this may not be possible to accomplish. Perhaps they could find someone willing to take on the risk, but it may cost them even more than just continuing to pay the debts and ride-out the petroleum slump.
> If they burn all the bridges, this may not be possible to accomplish
The bridges were burnt more thoroughly by Chavez's expropriation as well as his and Maduro's price-control and rationing policies. I would put a dollar in Greece or Puerto Rico before Venezuela, despite the formers having defaulted and the latter not.
Very good point. However, it's likely in order to build and maintain such infrastructure, Venezuela would need foreign investment and expertise...
If they burn all the bridges, this may not be possible to accomplish. Perhaps they could find someone willing to take on the risk, but it may cost them even more than just continuing to pay the debts and ride-out the petroleum slump.