The real reason why Venezuela Failed: Free Petrol

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Watch 20:25 where they talk about the price of petrol and attempts at controlling.
The people actually revolted when petrol price was to be increased and now it is untouchable,
despite its price that is so low to be free. 1 US$ can buy 1 million gallons of petrol, or RM1 for 1 million litres of petrol.

Venezuelans instead blamed all others except this ridiculously low price of petrol, and would rather starve rather than increase the price of petrol to a more realistic level.