The collapse of Venezuela, explained


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Published: 1 year ago
The country is in chaos, but its leaders aren't going anywhere.

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Venezuela was once the richest country in Latin America. It has the largest known oil reserves in the world and its democratic government was once praised world wide.

But today, Venezuela’s democratic institutions and its economy are in shambles.The country has the highest inflation in the world, making food and medicine inaccessible to most Venezuelans.

Over the last four years, its GDP has fallen 35%, which is a sharper drop than the one seen during the Great Depression in the US. The country’s murder rate has surpassed that of the most dangerous cities in the world.

These conditions have sparked months of protests against the president, Nicolas Maduro. And it’s easy to see why: the country has become measurably worse since his election in 2013.

Correction at 1:58: It’s been brought to our notice that the Supreme Court tried to strip the country’s National Assembly of its powers in March 2017 and not 2016. We regret the error.

For more on the Supreme Court ruling: https://www.vox.com/world/2017/5/1/15408828/venezuela-protests-maduro-parliament-supreme-court-crisis

Sources:

0:56 https://tradingeconomics.com/venezuela/inflation-cpi , https://tradingeconomics.com/venezuela/consumer-price-index-cpi , http://www.imf.org/external/datamapper/[email protected]/OEMDC/ADVEC/WEOWORLD/VEN?year=2017 , https://en.wikipedia.org/wiki/Crime_in_Venezuela#/media/File:1998_to_2013_Venezuela_Murder_Rate.png

https://www.reuters.com/article/us-venezuela-economy-forex-idUSKBN1AP2LM

1:25 https://www.scribd.com/document/354981596/Datanalisis-Informe-Omnibus-Julio-2017-ODH-Consultores#from_embed (Page 22)

http://www.datanalisis.com/

1:54 https://www.wsj.com/articles/maduro-s-allies-stack-venezuelas-supreme-court-1450912005

3:27 https://www.eia.gov/todayinenergy/detail.php?id=24432

3:44 https://commons.wikimedia.org/wiki/File:Venezuela_Poverty_Rate_1997_to_2013.png

4:00 https://www.economist.com/news/finance-and-economics/21720289-over-past-year-74-venezuelans-lost-average-87kg-weight-how

4:40 https://www.cato.org/research/troubled-currencies?tab=venezuela

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For more, don't miss the first episode of Vox Borders: Colombia. Johnny Harris traveled to Cúcuta, a city on the border between Colombia and Venezuela to see how the country is handling a massive wave of refugees fleeing the economic crisis. Watch: https://youtu.be/NU0RqwweuWY

4 hours ago

WOW..... Sad thing is that the type of thinking that infected the Government over there has crept into the left over here... People don't even realize how close to being Venezuela we can be in just one or two elections. Not good.

1 day ago

No foreigner will help, foreigners are there to take, to plunder and to offer fake promises to the country's people. The country has to take care of itself, it is the only way.

1 day ago

If Venezuela will give oil and gas for free to the USA things will be fine. Don't worry, you'll continue to leave your country after that too. ENJOY !

1 day ago

The power of socialist!

1 day ago

It is socialism that ruined that country, and it wasn't this Maduro responsible, it was the previous guy. If you liberals think that taking away from hardworking and smart and giving it to lazy and dumb is fair than that's what you get a few decades later.

1 day ago

+Max Ter it's okay:-)

5 hours ago

+TheMarkmcr thanks for adding more to it, I just made a short statement.

5 hours ago

And you fail to put blame on the general economic state of south america, and obama's sanctions, which were implemented after the bernie sanders interview.

6 hours ago

Could this happen to America I think it is already happening

1 day ago

Invade Venezuela and remove the dictatorship when the president eventually becomes one

2 days ago

Take the bastard out!

2 days ago

The US sanctions and the CIA programs

2 days ago

Pls make a video on how the Philippines turn from an emerging tiger economy to a most corrupt country in asia under Duterte.

3 days ago

Maybe ask a few venezuelan journalists or experts who followed this topic for a long time? Seems about white.

3 days ago

Washington psyops video! Pure and simple was Obama and Trump's illegal bank and trade sanctions that tried to destroy Venezuela and failed, so now Washington makes war against China, Iran and Russia! American soldiers are going to pay a heavy price and do not be surprised that tens of millions of American citizens die from this illegal terrorist war against the innocent Venezuela civilian population! This will be the worst miscalculated useless war of greed in US history!

3 days ago

If America asked the 80% of Venezuelans if they would want us to come in there and help them overthrow the socialist I can bet you we will be there in an instance

3 days ago

Wow, wait just a minute here. Even tho it looks like the entire problem is caused by Madurro, it is actually caused by mister Chavez.

It clearly states that he used a lot of money so he could help out the poor, not really because he wanted to but because that way he has A LOT of people that vote for him. What Chavez did not know is that IF they oil price goes down, the entire country would be in financial chaos.

That is exactly what happend right after Madurro came in, he didnt make things better thats for sure but he is not the cause of the entire financial problem.

4 days ago

THE CORPORATE MEDIA
IS LYING TO US

Fight disinformation with your own mind and
critical thinking

-Vet your own news sources

-Don’t
accept so called “Expert’s Opinions” as factual
information

-Compare opposing points of view before you decide
what’s true

-Examine “Alternative Independent Media” that
is uncensored by Google, Facebook, Youtube and other biased,
controlling forces that might be manipulating and oppressing
us

-Follow the money, who benefits from acts of violence

-You
can become the Resistance to this kind of misinformation

WHAT DO
“MASS SHOOTINGS” AND THE EVENTS ON SEPTEMBER 11, 2001 HAVE IN
COMMON?

If you want to know, have a look at these recent videos
on youtube before they are censored and removed:

“FALSE
FLAGS:FROM 911 TO SANDY HOOK” by Jim Fetzer

“911 Psy Opera”
by Ace Baker (1 hour version)

“Where Did The Towers Go?” by
Dr. Judy Wood

“False Flags:Staged,Scripted,Mass Psy-Op Events”
by noliesradio

“Surviving Project MK-ULTRA & Psychiatry -
CIA Mind Control Experiments In Vermont” by Alpha Mind
Control

“Ultimate TV Mind Control Documentary|Media
Manipulation” by ODD Reality

4 days ago

"The Goal of Socialism is Communism," Vladimir Lenin.
Only fools believe in socialism.
Cuban American communism escapee here, Mariel Boatlift 1980.

5 days ago

How can you lower poverty with subsidies and no economy and a state run economy?

5 days ago

I thought USA put sanctions on this country ? Sanctions that hurt this economy and its people? Not sure somebody lmk plz thanks....

5 days ago

Mexico did not condemn the election, that is a lie. Mexico recognizes maduros presidency as ligit.

5 days ago

Socialism at its finest.

5 days ago

Vox states that the problem with Venezuela is due to the government not able to respond to changing market dynamics. This is exactly why you don't give the government unfettered power, because when they inevitably fail, everyone suffers. In a free market, failures are isolated.

5 days ago

Why won't Mexico or Brazil step in?

6 days ago

socialism!!

6 days ago

Why don't you do a doc on the Bolsonaro's fake knife attack (watch this video give you a hint: https://www.youtube.com/watch?v=8hv1D6EgWfc). It was a scandal, ignored by the brazilian oligarchic main stream media, who was busy in stopping the Workers Party from winning the election (after the coup that ousted the elected President Dilma Roussef). You would do Brazilian people a favour, who are hostages of a corrupt, conservative, racist and misogynist elite who have spread their wings to the four powers judiciary, legislative, executive and media.

6 days ago

Great! But Venezuela has been on the headlines of main stream media for a while. What about a documentary on the rise of fascism in Latin America, with the rise of the criminal Bolsonaro who faked a knife attack (on 6th Sept 2018, just one month before the elections) to dodge political debates and prop up his poll chances and got away with it?? What about the disastrous Macri's government who's taken Argentina to the brink of hyperinflation and poverty, what about the US lead coup in Honduras? these things are being ignored by the main stream media and it would be good if you exposed them. Thanks...

6 days ago

God please send help to my brother's and sister's we from the Philippines will pray for you.

6 days ago

Venezuela: 46th on the Failed State Index.

1 week ago

May allah with you

You are good people🇻🇪❤️

1 week ago

The bad news is man can't govern himself. But, ¡Tengo buenas noticias!
¡Fui un pecador yendo al infierno pero Jesucristo pagó por mis pecados en la cruz! Él tomó la ira de Dios y por sus heridas fui sanado. ¡Murió en mi lugar y resucitó! Él dice que si solo creo que iré al cielo. ¡Y yo creo! Woo hoo! Y tú también puedes.
https://www.youtube.com/playlist?list=PL9rjI8JSCuqaDoB6MZ-H3y4xmef9I83Tk

1 week ago