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So far it has done little in the way of investing the money wisely, such as creating reserves or concentrating on the environment for sustainable growth of other Venezuelan industries.
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Asked to defend levels of pay prior to the crisis, many in the industry would reach for the analogy of film or sport, two other industries where talented individuals are critical to success and are richly rewarded as a result.
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Other industries, such as those for oil or paper, are also bioprospecting the deep sea with promising results.
UNESCO: MEDIA SERVICES
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He was a historical figure on the scale of a Thomas Edison or Henry Ford, and set the mold for many other corporate leaders in many other industries.
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In other industries, monopolization of a market or blatant protectionism (in pharmaceuticals, for instance) has quashed competition and innovation.
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Broadening the notion of the needs they fill has been a successful strategy in numerous other industries whose core products were under attack for safety, health, or environmental reasons.
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And they will do quite well for at least another decade or two, living off mainstream industries such as autos, consumer electronics, semiconductors and other capital goods as they make a transition to a more investor and consumer-friendly society.
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