When Hugo Chavez took over the oil business in Venezuela in 1998, government looters took the computers containing the geological data and production plans to sell the PCs. Since then, the oild fields have rapidly depleted due to mismanagement of the oil fields.
Following in his footsteps, Nicholäs Maduro’s government has seized GM’s car factory in Venezuela
The plant made three Chevrolet models – and is being looted. GM has given up. It took a $400 million loss last year due to the worthless currency.