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International companies like Cargill faced extreme operational challenges with nationalized trade, multiple exchange rates with 10,000% arbitrage opportunities, and talent exodus to other countries. Also cited: Cargill faces legal liability from price-fixing settlements, indicating anti-competitive practices that...
“Cargill, you know, the government nationalized international trade. So you had to buy you had to sell everything through a state owned company that would buy on behalf of your customers.”
Odd Lots — Ricardo Hausmann Explains How the Venezuelan Economy Collapsed
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