To Quote JAZZ SHAW of Hot Air
Venezuela will likely become a hermit kingdom, much in the style of either Fidel Castro’s Cuba during the early years or North Korea’s present regime.
http://hotair.com/archives/2017/07/31/venezuela-now-either-cuba-north-korea/
I don't agree, because of the large amount of wealth in their oil reserves. China and Russia will be involved due to the large amount of money loaned for these projects.
Special Report: Vladimir's Venezuela - Leveraging loans to Caracas, Moscow snaps up oil assets
http://www.reuters.com/article/us-venezuela-russia-oil-specialreport-idUSKBN1AR14UAUGUST 11, 2017
...As Caracas struggles to contain an economic meltdown and violent street protests, Moscow is using its position as Venezuela’s lender of last resort to gain more control over the OPEC nation’s crude reserves, the largest in the world.
Venezuela's state-owned oil firm, Petroleos de Venezuela (PDVSA), has been secretly negotiating since at least early this year with Russia's biggest state-owned oil company, Rosneft (ROSN.MM) - offering ownership interests in up to nine of Venezuela's most productive petroleum projects, according to a top Venezuelan government official and two industry sources familiar with the talks....
China Could Have a Say on Venezuela's Future
https://www.bloomberg.com/view/articles/2017-07-18/china-could-have-a-say-on-venezuela-s-futureJuly 18, 2017
...Here's where China comes in: Venezuela owes it more than $62 billion for loans, and is behind in the oil shipments used for payment. A Venezuelan default -- or worse, a slide into civil war -- is not in China's interests. On the other hand, China could benefit from better ties with Venezuela's opposition parties, which have threatened to repudiate debt instruments that lack the legislature's approval. More broadly, Chinese aid and investments are crucial to Venezuela's escape from economic misery....