The collapse of Venezuela, explained

Venezuela is in chaos. How did we get here?
Correction at 1:58: The Supreme Court tried to strip the country’s National Assembly of its powers in March 2017 and not 2016. We regret the error.
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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.
For more on the Supreme Court ruling: www.vox.com/world/2017/5/1/15...
Sources:
0:56 tradingeconomics.com/venezuel... , tradingeconomics.com/venezuel... , www.imf.org/external/datamappe... , en.wikipedia.org/wiki/Crime_i...
www.reuters.com/article/us-ve...
1:25 www.scribd.com/document/35498... (Page 22)
www.datanalisis.com/
1:54 www.wsj.com/articles/maduro-s...
3:27 www.eia.gov/todayinenergy/det...
3:44 commons.wikimedia.org/wiki/Fi...
4:00 www.economist.com/news/financ...
4:40 www.cato.org/research/trouble...
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[@Vox]

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: kzbin.info/www/bejne/hIaTg6StrMqojbs

[@ntz752]

The us and Canada just recognized the opposition leader as the interim president of Venezuela!

[@GazaWest]

Pro US propaganda video!

[@keshavaaumritum1]

All of Venezuela's problems are due to the USA. The USA does not like nations where the people (via the state) own the nation's natural resources. The USA even has special military operations working in Ven for years to destabilize the country. Not to mention special economic sanctions against Venezuela

[@Kev376]

So socialism creates a system where it makes you more prone to failure in financially hard times, good to see your learning something Vox.

[@phil7394]

Is it me or do these people look pretty well fed to be starving?

[@Matthew-qx3dh]

Theres something seriously wrong if the currency has less value than V-Bucks

[@Malik-Ibi]

In December 2019 Venezuela's inflation (in average consumer price change per year) was at 200 000% (two hundred thousand). The year inflation was over 1 500 000% (one million and five hundred).

[@Budabaii]

Rensi they are still hard at work farming RuneScape gold. A high level player can make up to ten dollars an hour by farming and selling gold. This hourly rate fluctuates with the value of RuneScape gold. They can expect between 2-10 dollars an hour based on the methods they choose. Making ten dollars an hour by farming gold requires a huge amount of in game start up capital, and lots of knowledge about the game. Two dollars an hour is more realistic, but I’m sure there are Venezuelans that farm end game content and make nearly United States minimum wage. It’s actually quite interesting because the huge influx of Venezuelan farmers has injected ludicrous amounts of currency into the game. Basically the real world inflation has drastically inflated the economy of old school runescape.

[@Scorpion949494]

Vietnam: Hold my beer

[@bronxx4817]

100 v bucks is like 1 dollar so yeah 😂

[@madaxgaming6405]

V bucks are overpriced

[@diegoramirez6036]

You know your country is in trouble when Runescape gold is worth more than your currency.

[@aderfigueroa]

They make 👛 purses out of their currency

[@HK-gm8pe]

its not funny, I remember when I was young teenager Caracas was my dream place where to travel, I always wanted to go there, now I just feel sad for this country , I watched documentary how money literally isnt worth anything people give a cigarette or cookie if they buy gas , terrible

[@mlgcactus1035]

@@HK-gm8pe sorry but is true. Even Doge coins worth more then the Bolivar

[@bernardosantos8020]

Phlebotomists R US, And Doge Coin

[@chrisjeon326]

Hans Ruperts you do know that money isn’t backed by gold anymore but by the US dollar.

[@diegosalazar25]

I’m Venezuelan in Canada and this is basically why I moved, my whole life has changed due to one man’s need to stay in power. Not only my life but 30 million people’s lives as well

[@johnc.5311]

@@joekyle6959 and probably 3rd party nation trying to intervene in the country also. Most destabilize countries around the world got ruined because of outsider's interference.

[@urmom8707]

@@joekyle6959 almost no one voted for him it was a rigged election and everyone in Venezuela everyone knows that

[@quatreunhuit]

Stay.

[@seerr4136]

@@joekyle6959 Nobody chose Maduro, it was Chavez who did.

[@AJ-dx6bn]

Live good eh?

[@rickzrevillas9998]

I'm venezuelan i move to philippines with only couple of bucks lift in my pocket only good for several days and my life change when i met some good friends they invited me to their province to work for them as a caretaker of farm and year later i get married with my beutiful wife and have a son. To all my fellow venanzuelan out there you deserve better, i hope y'all safe outhere may god bless our country. 🙏❤️

[@BabySonicGT]

nice

[@erc6459]

From the Philippines, hope you're doing well, stay safe especially if you're in Luzon.

[@KEEETARO]

thank you for your work

[@icedmocha9734]

Where in the ph are u now

[@Ideasquevalelapenadifundir]

"may god bless our country. " go back then

[@robertoteran8938]

Everyone who’s not from Venezuela and still send us love. As Venezuelan I would love to thank you for praying for us and thank you for actually knowing what is going on in my country

[@transforgoku]

Seems praying won't be enough to save Venezuela from it's downfall, your best bet is to ask Colombia for an annexation...

[@adelmogimenez2062]

Im Venezuelan too, from Barquisimeto. I feel u, mane

[@aaroncabatingan5238]

@@transforgoku They do share a culture, though that's not the only factor for a successful union(had any union occured since the second world war?)

[@zarameehan]

Traitor or troll?

[@ianholland3555]

come to america. well just sneak you in if we have to lol

[@johnson8711]

I remember when i was 4 i thought why do poor people exist, just print money for everyone

[@cgt3704]

Unfortunatelly, printing money will not bring more, it will just make its value more worthless. That happened in Germany during the Interwar period before the Great Deppresion.

[@EdMateosG]

It seems then that you were born ready to serve as Venezuela's president

[@bobjordan5231]

Everyone at age 4 to 14 thinks that way, you did, I did, everyone did. It's only when one gets older and wiser and looks at data and evidence honestly that we conclude that free markets work and printing money doesn't work. Socialism, Communism, Green New Deal, none of it works and leads to poverty and want. Just look at the data. Exhibit 12,658 - Venezuela

[@scottrobinson9752]

The more you print, the less it's worth.

[@marksmith7054]

that's how Bernie thinks today

[@Belgianmapping1567]

Germany: *prints money and spirals into depression* Venezuela: oh boy what a good idea

[@confusedsoviet5937]

This is the same

[@confusedsoviet5937]

But then Germany faced the great depression and that gave the opportunity for the rise of Hitler This is the same time , Venezuela is facing financial problem and corona virus is also spreading Is it a coincidence???

[@saricubra2867]

@@confusedsoviet5937 Venezuela is in financial crysis since Hugo Chavez in 1999.

[@confusedsoviet5937]

@@saricubra2867 but I heard Hugo Chavez reduced Venezuela's poverty and unemployment rate from 70% to 30%

[@saricubra2867]

@@confusedsoviet5937That's a lie by the government.

[@Gdub33]

This is so scary and so sad. My heart goes out to those poor citizens.

[@HoussamNekkaa]

Rich*

[@kiwuuspurr1927]

@@HoussamNekkaa "rich"

[@HoussamNekkaa]

@@kiwuuspurr1927 ''poor''

[@kiwuuspurr1927]

@@HoussamNekkaa "economically fortunate"

[@HoussamNekkaa]

@@kiwuuspurr1927 '' humans'' ?

[@joseangelucci933]

i live in Venezuela and am in the second largest city, maracaibo. 30 years old. there is literally anyone my age anymore, from a group of 30 friends. Only 5 remain. Venezuelas future left the country.

[@vfsdm]

Yeah I’m from southern Brazil, almost 3000km away from Venezuela and I know some Venezuelans that came here It’s really sad what’s happening, almost 15% of Venezuelans left their own country 😔

[@erikcordova1713]

Muerte al socialismo

[@aplacetobewithmythoughts7428]

I thought all the young people vote for socialism though? Then they flee when reality sets in?

[@corey2232]

@@aplacetobewithmythoughts7428 I guess that's your problem, you thought wrong. You also don't understand the issues there & just decided the evil boogeyman of socialism caused everything. It'd be nice if you could simplify it like that, but that's not reality.

[@LiamLovesMetal]

@@humanbeing3731 It would be naive to think capitalism isn’t setting itself up for its own ruin in the future. Capitalism isn’t any more sustainable

[@CruisingBy]

I left the country when i was seven. I remember going to one if my moms friends party's who had also left the country and she said (in Spanish)"Just give it three years and it will all get better and we can go back." Its been almost five years and its only gotten worse..

[@ricardofranco9946]

And ...worse

[@Fumango]

And worse..

[@ishaansharma4325]

And worse....

[@Z01nkScoobs]

I would just stay where you are. Almost anywhere is better than Venezuela.

[@guessitsavis]

1. I would stay wherever you are. 2. You just admitted to be 12. IDRK, but.

[@nox9708]

I have a friend who was born in Venezuela, he oftenly talks about the situation in Venezuela whenever we have a little talk but im just glad he lives in my country now

[@gabrielirvine3961]

That's great, man. Where does he live now, if you don't mind me asking?

[@nox9708]

@@gabrielirvine3961 Indonesia

[@gabrielirvine3961]

@@nox9708 That's great man.

[@axeldiaz7960]

@@nox9708 That's great man

[@user-qc3ki3nf4s]

@@nox9708 That’s great man

[@0xmassive526]

Not from Venezuela, never been there as well, but I feel extremely sad for it's people.

[@eduardoa3165]

I remember i was in high school 15 years ago and my english teacher honeymooned in venezuela.. she was paying in dollars.. and in some instances the dollar was so strong they would give her back the dollar because they couldnt break it down far enough to give her change..

[@sumedhshah7047]

You know something is wrong when the paper of your currency is printed on is more worth than the currency itself.

[@generalobi-wankenobi2758]

when you can sell al the money printer for a good chunk of the economy's worth

[@RodrigoroRex]

I mean that's true. But 1 cent coins are worth more than 1 cent so we need to deal with it fast

[@kkpw12]

Why does their president looks like Saddam Hussain?

[@vriskamoder]

It all makes sense now

[@vriskamoder]

MM MM Ok then, boomer. EDIT: Hopefully you managed to escape. Boomers in the area can cause problems.

[@vriskamoder]

HM MM MM MM MM MM MM MM MM MM MM Did someone ask for your story?

[@vriskamoder]

MM MM First of all, the OP said he looked like Saddam, then I made a simple joke, then you told your whole life story for no reason. I bet your fun at parties.

[@vriskamoder]

LOL He deleted the comments

[@mrconfusion87]

I asked a Venezuelan expat in my country what he thinks of the situation in his country and if it was really as bad as the media portrayed it. His reply: "Worse!" 😓

[@amrutatre1809]

Un abrazo a los venezolanos desde India. Tengo un amigo venezolano que me ha explicado toda la situación allí. Les deseo lo mejor 🙏 Cuídense

[@shellblaster6932]

a hug to the Venezuelans from India I have a Venezuelan friend who has explained the whole situation to me there I wish you better take care of yourselves

[@shellblaster6932]

English translation ☝️

[@danielgalvez4871]

El mundo debe saber lo que pasa, tienes un buen corazón y bonito mensaje 🥺♥️

[@VisitorE.T.]

Yo tengo otras amigas en venezuela y la pasamos bien

[@MrGhost222222]

Netflix will make a series out of this crisis

[@Mercurywheeler]

Hopefully!

[@legosheet]

Latin American TV already has done on Chavez.

[@Gustavomorrisonc]

Zainuddin Da Silva yeah

[@Gustavomorrisonc]

legosheet in Venezuela they ban the serie

[@remkomunnik6267]

Zainuddin Da Silva inderdaad robby

[@mikelafo-3564]

I remember when I first immigrated from Venezuela 12 years ago. I was 4 and my dad was working hard for everything we had since the government had just taken his land. I moved here with my mom and my sister when my dad couldn't and 4 years later my dad was able to finally come. 1 year ago my dad became a United States Citizen and 6 months ago my cousin and her family came after my other cousin died when he was protesting. It made me remember the struggle me and my family went through and it helped me appreciate how lucky I am to be in the United States.

[@ViktorScberg]

A round of applause for socialism 👏👏👏

[@gabby398]

same, I came here when i was 4 as well and i’m glad to be here. even though we have our own issues, they don’t compare to Venezuela :(

[@darinsmith4836]

Welcome to the USA enjoy!

[@zell863]

Yeah and now you or yours children like in Cortez case will require socialism here.

[@skidbutgay.8331]

Me too kid....

[@adrianerevasz3884]

What a shame for Simon Bolivar

[@wompychomper27irl]

Ikr

[@sonofsanto]

he would be disgusted to have socialists use him as a martyr

[@HC-wo2tz]

@@sonofsanto No, he would have been proud.

[@user-jx1ps1bf5p]

These third world countries have always lived like this for thousands of years, by the way, under Capitalism Venezuela was one of the richest countries in Latin America, until the 1980s, until the Left parties came to power and destroyed everything.

[@adrianerevasz3884]

@@user-jx1ps1bf5p Wrong

[@firstname105]

Venezuelans: elects socialists to reduce income inequality socialists: *makes everyone equally poor *MISSION FAILED SUCCESSFULLY*

[@NOX7020]

hugo chavez was a socialist tho

[@dgrhbybfgbj5751]

This isn’t socialism

[@firstname105]

@@dgrhbybfgbj5751 then what is this? communism?

[@crimson6172]

@@dgrhbybfgbj5751 Yes, it is very much socialism.

[@JosieDrake1995]

The practice of redistribution to welfare is not the cause of inflation. Their economy was dependent on oil and oil prices fell crippling the entire system. Apart from that, they have authoritarian leaders terrorizing the opposition along with immense corruption to destroy the democratic process.

[@gabiosa]

Here in Colombia we are feeling the damages, people of Venezuela is escaping here asking for jobs or selling things on the public transport, i don't think the people on the comnents (in the USA) can remotly feel all the impacts; you can know the facts but nothing near like the reality (Edit: I made this comment 2 years ago and have no idea that there was so many likes and comments, wow thanks, but some people down below misinterpreted my word, some of you tried to explain better the situation, so, I hope people reading this comment now can learn a little bit more)

[@CarlosGaio]

gaby perez sadly What you say is true. My people is escaping this nightmare, and living like refugees in neighboring countries, like yours. Please, be kind to my people (unless they do something wrong).

[@tuanoful]

Be kind to them, help them. God knows we took in thousands of Colombians and gave them a home. Ayuda a nuestros hermanos.

[@nairels]

Yes. My country is crumbling. And here in this video says nothing about how hard is to get food. You have to wait hours in a line, and pay almost 10% of your salary for a 1k bag of corn flour. We all have lost weight, feeling weak. My work is related to education and what breaks my heart the most is to see kids fainting because of hunger.

[@fredrickotieno4271]

I'm from Kenyan, and i just want to say sorry for the pain you're feeling right now. It also breaks my heart to hear you talk like that. Kids should not suffer in that manner. If you want, i can spare $10 dollars and send it through the best channel. It's not much, but it's something.

[@djkb125]

gaby perez I agree. I am an American but that has nothing to do with the devastating things happening in countries like Venezuela. The people on the streets being interviewed were so helpful in showing what the regular people are feeling. They seem so tired and frustrated. Trying to use this to push a political ideology is distasteful and misses the whole point. I admit I don't really have a clue what things are like for people in countries like that but I know there are still many Americans that would love to try.

[@tamaralarson4524]

I'm looking forward to a Venezuelan revolution: OverSimplified video

[@cameronburke8002]

"This enraged Maduro's father, who punished him severely."

[@abramay1382]

OVERSIMPLIFIED GANG

[@drknight8546]

“The Brazilian Venezuelan war oversimplified”

[@Doctor-zues-6000]

Me to lol🤣

[@sleepyme6695]

"Here Venezuela, you get revolutionary ideals" - France

[@jinanshmehta3518]

That's why you don't depend on oil for the economy

[@krokodailhanter]

Yup. But the blame is on the country leader. They should diversify the economy during good times. But nothings too late, if the current leader realize and feels sorry for the country.

[@jinanshmehta3518]

@@krokodailhanter A dictator feeling sorry? Who's ever heard of such a thing?

[@shalyfemusic]

Most Middle Eastern countries depend on oil for their economy. Why do they succeed? Oh yeah it is because they are a free market economy

[@prabhatsourya3883]

@@shalyfemusic It's not just that, they invested a lot of oil revenue into infrastructure projects and sovereign wealth funds. Those countries know from the 1979 oil glut that the market can be volatile. So they keep huge wealth funds to tide over bad times. I don't know why Venezuela missed that important lesson.

[@Demonetization_Symbol]

I wish good luck to all Venezuelans and the country of Venezuela. Love from the United States! 🙏🇻🇪🇺🇸

[@diegogamer7460]

Thanks you

[@Iguazu65]

You have to admire the Venezuelan people for their ability to suffer such, hardships, injustices and obvious corruption because they still believe in democracy. In most counties it would resulted in a civil war. So respect the Venezuelans. They need help but have not lost their principles.

[@majingamer6109]

Are you sure its still a democracy?

[@Iguazu65]

Majin Gamer . In terms of how elections are run. No. But in terms of what Venezuelans believe in. Yes. Maduro will fall. Hopefully Democratically.

[@manamark4754]

@@Iguazu65 How can you democratically remove a dictator?

[@AnimMouse]

@@manamark4754 Through "Democratic revolution."

[@user-zp9cp5kr2e]

@@manamark4754 The problem is that even if the whole country votes no, the president is going to cheat and say he won.

[@priyankparikh2666]

*Venezuela has the world's largest oil reserves. Looks like Venezuela needs Freedom!*

[@chain-wallet]

Patrick Peterson yea, i cant believe the US hasnt invaded yet. its a way juicier target than north korea

[@manneferra2205]

B Dean they tried once during the Obamas administration. Saying that Venezuela was a "high and unusual threat to the us" but the neighboring countries put pressure against the US making the pentagon take back that allegation. Some years after the Brazilian coup sets in and temer became president in Brazil etc.

[@GAndreC]

Do not forget the proxy coup in the 2000s that put Carmona in power but was deposed by forces loyal to Venezuela that put Chavez back in power

[@HolaSoyDiaa]

oh veyyyy!

[@Tetemovies4]

" its a way juicier target than north korea" Exept it isn't, venezuela's oil extraction price is insanly high, at those price range it simply is more worth to massivly invest in renewable energies.

[@txigamxne4647]

I’m a venezuelan in the US, my parents moved to the US right after I was born in Maracaibo. Although i live here in the US with a comfortable life my parents still support the people in Venezuela, we used to send boxes with food and supplies. We still have family there, and we do everything we can. I’m glad people bring attention of what is going our country although there are larger news out there. A todos mis hermanos y hermanas, siguen luchando. Los amo y tengo una esperanza de que todo esto se va a terminar. Gracias/ Thank you 💕💕

[@zerocal76]

hi! I'd like to help out the people of Venezuela. Can you tell me how to ship things like food and clothes? Or do I need to know someone there? I've been to Colombia and I've seen how badly the Venezuelan people struggle.

[@txigamxne4647]

@@zerocal76 We usually sent things to family that was there but I’m sure there’s a way you could send supplies and food without having family there. We would send mostly dry foods like nuts, canned things, rice and etc. That would go in cardboard boxes and yep that’s pretty much it!

[@kavinsaravanan7988]

Who else just clicked on this video to see people debate socialism in the comments

[@hturt4gnikool]

i clicked wondering why the people of Venezuela havent risen up and taken back their country what are they waiting for?

[@adriel83]

@@hturt4gnikool they’d get crushed that’s why

[@timsexton]

I am in the middle of watching on KZbin, 5 Socialism Myths by John Stossel. In that video, they insist Vox is red herring viewers who watch this video by blaming the Maduro government's failure to adjust to sharp oil price decline as being one of many ingredients in a recipe for Venezuela's disaster, but never once utter the word, socialism.

[@tarvingill1777]

I've literally never seen Lele Pons discuss or raise awareness on this issue.

[@lautheimpaler4686]

She can't locate Venezuela on a world map.

[@coronavirusokboomer9537]

?? Well she's a comedy channel and she might be traumatized or ashamed to talk about venezuela

[@tarvingill1777]

@@coronavirusokboomer9537 She has an astounding following which could make a difference. She may be traumatized but the people of Venezuela are even more traumatized.

[@coronavirusokboomer9537]

@@tarvingill1777 k

[@Montano76]

she would rather say Black Lives Matter

[@billsera8568]

The situation in Venezuela breaks my heart.

[@lilianadacosta8477]

Is the reality us Venezuelans live in...

[@helloworld6989]

@@lilianadacosta8477 :(

[@chunkimonkithefiftieth8328]

@@lilianadacosta8477 Estoy contigo chama

[@edwinso3627]

Back in early 2000, I was working onboard an oil tanker ship named Proteo. I used to envy Venezuela. I thought to myself then that if only the Philippines has this much oil, our people's suffering would definitely end. I feel sad for Venezuela. I hope the country will recover soon.

[@Mermaider]

It does mine too. There doesn't seem to be any solution though.

[@jupiter5959]

as a Venezuelan, thank u so so much for making this,

[@servantofthelivinggod6192]

Are you still in Venezuela?

[@matthewrichards7832]

this is why you don’t let the government run everything

[@trishadhakal]

@frank anderson The United States is also an oligarchy, most elections in us are decided by the amount of funding each candidate gets, It has the highest number of billionaires common!

[@piadas804]

@frank anderson is Russia a oligarchy?

[@justinavilleda20]

@frank anderson look at what deregulation got Texas

[@8Masturbek228]

@@piadas804 it is.

[@HC-wo2tz]

Don't you have a Trump rally to attend with the rest of your fellow inbreds?

[@marcusholstastrup1821]

Sad how World of Warcraft gold is litterally worth more than a country's currency...

[@thahitscan]

Cof cof *runescape* cof cof

[@GreaterBayArea]

Not really

[@rajanikumari2080]

Alejandro Padilla really

[@723esco]

Chucky E cheese tokens are worth more

[@issaosama4937]

Did any of you saying that "Vox didn't mention how socialism ruined their economy" actually watch the video? They clearly said Chavez spent more than he should on welfare. It feels like people try really hard to be extreme leftists or extreme right and never listen.

[@alericjohansen6775]

issa osama I watched the video twice because I knew I missed some details. People don't understand how to listen, which is often why you hear people repeat themselves, so that the the people who don't catch it still hear it.

[@o_s_byron2319]

issa osama Vox left out the important stuff. Head over to visualPOLITIK they explained it way better

[@DynamicUnreal]

issa osama Because welfare expropriates private property and gives it to the government right?

[@Modern.Millennial]

Confirmation Bias.

[@issaosama4937]

DynamicUnreal are you just looking for something to be pissed off about?

[@lilyoungyoungster4371]

I grew up here and it’s so sad to see my family have to leave and it just fall. It’s sad.

[@lucaskang548]

Chavez: LETS HELP DA POOR Maduro: gimme that money chavez

[@bigbrain2178]

unrestricted socialism is small brain

[@davidparker7216]

From the video the crisis it´s mostly the drop in oil prices that made unable social programs and the rise what made it too

[@kurdistanindependance5471]

Imagine not blaming socialism itself for allowing this to happen

[@rafaelian478]

Chavez was also corrupt

[@user-jx1ps1bf5p]

These third world countries have always lived like this for thousands of years, by the way, under Capitalism Venezuela was one of the richest countries in Latin America, until the 1980s, until the Left parties came to power and destroyed everything.

[@amarusheekuku1162]

*Haiti loves you, Venezuela.* Stay strong. Let's keep each other in prayers.

[@FilK79]

Long live Amaru. Serbia+Haiti*Venezuela, all living under extreme harsh conditions with USA doing their best to destroy us to the ground

[@coreaball4198]

I really hate Donald Trump and what he is doing..I'm sorry for Venezuela and every other country suffering because of Donald Duck..hopefully it gets better soon and fast. I live in a state in the USA (Mississippi) and it is one of the poorest states in America we barely even get noticed especially during hurricane Katrina we barely got help but we stayed strong

[@Aaron.Monroe]

I'm from Haiti and I definitely love you Venezuela. Also I love the Colombian people for taking you in.

[@Aracelerii]

Cuban here supporting Venezuela 🇨🇺 🇻🇪

[@riggedfootball103]

I mean Serbia kinda made ww1

[@TheThepusherman7]

Inflation about to reach 1,000,000% - July 2018.

[@UgandanAirForce]

1 U.S. Dollar is currently equal to 172,450 of the Venezuelan Bolivar

[@amspook]

Let me guess The money is cheaper than buying an actual toilet paper.

[@JGD714]

Muhammad Nazrin yup. That money isn't worth the paper it's printed on. Here in Colombia if you find a Venezuelan you're doing him a favor if you exchange all their money for a coin or two. Their bills are worth more when sold as a symbol of charity or because of their design since they got Bolivar which is also our independence leader. Their highest denomination bill is worth our lowest denomination bill at the exchanges, and our lowest denomination bill is worth less than a fifty cent USD coin.

[@zorbamusicandlight760]

Venezuelians elected that man and not another. This man won all last elections. American people want to choose the leaders for their interests. US = dictators of the world not for long. US punish population economicaly despite problems of nutrition ! Murders. I m afraid of americans. God bless america. (d bowie)

[@danielcabral1769]

Joshua Rathbun Actually, 1 U.S. Dollar equals to 4.400.000 BsF.

[@LostinTranslation479]

My country, Lebanon is in an economic crises so similar to Venezuela, we have a huge inflation and our currency is losing it's value daily, electricity, medicine, gasoil.. and litrally anything is in deficit. It's extremely sad

[@JOKICisdGOAT]

I am so so sorry!!! Try and get out now while you still have time. Come to America if you can legally, I promise if you set your mind to it you can do it! You are a warrior and I believe in you, with god we can accomplish ANYTHING!

[@Andrea-lu8fz]

i wish you guys could do something about it now because in the long run when people grow complacent and tired of talking about politics bc seemingly theres nothing to be done, i think they will get stuck and truly lose (obvi easier said than done but its what happened in my country). ANYWAYS, this is really sad and i advice you to study very hard and seek any program that lets you study/work abroad in the long term, people should use google more! Best wishes fr :``)

[@GioByte10]

What is the sound effect at 0:44 when they show the news' titles?

[@babygirl2008]

Such a sad thing!!! There are hundreds of them hiding in the forest eating only mangoes in my country Trinidad, they come for help, our people say we can't help them, we already have our problems to deal with. I am sadden because what if it were me? Running to Venezuela for help...my kids, my family? I am soooooo sorry. Mi amigo JACKSON n familia are always welcome.

[@arielle9812]

Angel

[@luvlihyunjin]

I wish everyone in Trinidad was like you 🇹🇹❤

[@JesusOurKing]

Beautiful person 🍒🥑🍑❤️

[@shady8045]

of course we could help them, we could help them easily. the state just doesn't care, don't be naive

[@babygirl2008]

@@shady8045 speak for yourself and when spoken too, I don't care about the state, I do my part, as you can clearly see at the end of my comment that there are those who are close to me and whom I have assisted. So move along now

[@manueljose3814]

I am originally form Venezuela, and let me say that he "spending billions" on healthcare and education might be true on paper, but most of it didn't go to the right places and it was mostly divided among politicians, so very little went to those who needed it. For example, he spend millions on many small apartment complexes we call "urbanizaciones", but most of the projects were left in an unfinished state due to lack of money. SOme of my friends went to Venezuelan public high schools, and I did some social work in public middle schools, and it was very depressing to see that the condition of the school was very bad, and professors were earning next to nothing. Venezuela was already in pretty bad shape when Maduro came to power, it's just that high oil prices were helping cover a lot of the pretty bad stuff that was already happening, but it was literally akin to putting a band aid on a gunshot wound. An example of this can be seen when he made the "bolivar fuerte" the new currency in our country, which he took off three 0s, it didn't help at all as literally inflation just put us back to the same spot a few years later. It is true that he was very charismatic, but he was very unpopular during his last re-election campaign, and most people consider that election to have been rigged as his political party had control over the election process (This was when he went against Capriles). Honestly, Maduro is doing an even worse job than Chavez, and oil prices being low is really not helping him at all, and if we go back further it is the fault of all of us for having allowed corrupt politicians to take power which in turn resulted in the low socio-economic venezuelan class to have been neglected, filled up with anger and resentment that was just waiting for someone like Chavez to come and take advantage of it.

[@fabb5]

no hay colapso...

[@srbishkrst]

@@ahmedbolbol9243 inta asmar

[@jesusalejandrogutierrezsul9625]

Someone who finally said it! Yes, Chavez was popular for several years among Venezuelans, but during his last years, most people already knew that things were getting pretty bad here, since he just spent money here and there during the expensive oil years, but once the oil prices went down... Party was over in Venezuela. So, yes, almost nobody likes Maduro, but Chavez wasn't that popular before he passed away either.

[@namtr0]

United States is on this path

[@Ricobanggg]

This is happening in the United States

[@xenon3148]

May GOD Bless to all Venezuelans❤️ Stay safe!

[@Muss_net_schmecke_muss_wirge]

can any body please tell me the description of the y axis from the statistic with the CPI and the GDP per capita

[@big_brayo]

God help Venezuela 🇻🇪 Love from Kenya 🇰🇪

[@hanningtonmbaabu4481]

More love from KENYA.

[@veranochick]

Which God?

[@MelvinArthurMurray]

ENDtheFED2012 Obama is half Kenyan.

[@lakshyamongia3270]

God seems to be taking really good care of Syria and Afghanistan.

[@naturalnikkismile1709]

Yes and Social media isn't helping the truth. U.S. economic sanctions have stopped Venezuela from issuing new debt and blocked attempts to restructure its existing debt obligations. Imagine if other countries did us like this during our financial crisis in 2008. kzbin.info/www/bejne/iWLKhoVurLJorKM

[@Nonaryfame]

It's almost as if oil can't save you from everything

[@david.p240]

Oil has brought these problems to Venezuela in the first place. The USA will illegaly sanctionize Venezuela until they break. And then the USA elites will profit on the privatized oil. Just look at Iran, Irak and Syria. USA illegaly violate the ban of violence in the UN charta.

[@keldonmcfarland2969]

@@david.p240 Blah, blah, blah

[@stsk7]

@@david.p240 don't make this the US's fault

[@patelivid1637]

hiphoppolice115 don’t act like theU.S. Is the only country in Syria... don’t forget the Russians and 5 other countries too and soon to be the Turks in a few weeks

[@Prosper_Dean]

Skye Walker lol the United States has documents detailing how they will destabilize Venezuela and commence regime change. 20 year old documents we saw come to life last year. Good thing they failed.

[@secretmagic331]

"everybody wants to rule the world, but not everybody had the skill to do so"

[@heliophitravelvlog]

Except Lee Kuan Yew. If all politicians in the world are like Lee, the world would have been a better place.

[@alcube3317]

Can İ know what is the name of the music on duration 3:08 please ????!🌹

[@DjDandalandan]

God help Venezuela 🇻🇪 Love from the Philippines 🇵🇭

[@lorelorelore4682]

No to CPP-NPA terrorist and its Legal fronts!

[@visorij3374]

Incoming atheist

[@locomoco2012]

Danex Pinoy Ex president cursed Israel. HUGO Chavez curse the country of Israel on live TV. He died of cancer few months later. Their King challenged God and this is the consequence. Venezuela will never me significant until they repent.

[@gabrieleduardomaciasmena7362]

Danex Pinoy love you too

[@cobrazax]

there is no god...only trump can help them. he already offered to invade and finish maduro and set the people free. its the only viable option unless the people actually manage to do it by themselves

[@sharonvaleska1467]

God help our brothers and sisters in Venezuela 🇻🇪 all love & supports from Indonesia 🇮🇩 🙏🏼

[@sleepless2541]

The US is going to intervene soon

[@macuare]

Thanks!

[@AditiSharma_4678]

USA will help Venezuela only once we get our oil

[@scrodingerz]

“His unrestrained spending lead to a growing deficit, which meant all these social programs would be impossible to sustain” sounds eerily familiar to the United States current fiscal policy.

[@bikeshmehta2002]

This is what happens when society prevents good honest kids from going to politics and say politics is for cunning bad guys.

[@FireMan378504]

God Help Venezuela 🇻🇪 Love From Mexico 🇲🇽

[@81coollambo]

Help your own country. Lots dying of hunger. Getting killed with the narco culture.

[@FireMan378504]

81coollambo that’s a long term maybe decades of fixing this crises can be fixied anytime if people come to a agreement n narco trafican can’t that’s a generation fight

[@keithwoods817]

Venezolana always welcomed in Mexico

[@Fireblazing502]

Wth..... Pray for your own country as well. Geez.

[@Fireblazing502]

@@FireMan378504 your country loves the drug cartels and have for countless years. Payouts for everyone wether government officials down to the average citizen..... All while take US dollars to "help the fight against the cartels" but really just pocketing it...smh

[@mavv0589]

This video hardly touches on Hugo Chavez and his impact, it seems to show him in a very positive light when in reality he was the one that started all this through manipulation and the 1999 constituent assembly which wasn't seen as a valid method of rewriting the constitution. Chavismo was not touched on at all and truthfully Maduro only followed on from the corruption left by Chavez. Probably worth another video.

[@Jesus_Zendejas]

It sounds if Chavez lived a few more years then the people would have saw through him. Unless i missed it

[@purelica]

Noza HeyZ Exactly. They make it seem as if this just happened out of nowhere, ”oh well.” 🙄

[@rrnguero5213]

They should do a episode called “The man that robbed the world” and put Chavez as the subject 😂

[@Tyler5794]

This is totally false, they mention in the video that Chavez used the surging oil prices to benefit the people, but didn't do anything to diversify the economy for if oil prices dropped. And then go into the results of that. Everything isn't some socialist conspiracy.

[@andreafaria4980]

As a Venezuelan, thank you for this comment. I won't waste my time watching this video then.

[@defintity_9951]

Vox didn’t even cover the impact of socialist policies

[@HigHrvatski]

This is not real socialism.

[@nsa3679]

@@HigHrvatski bruh what is it then? Business is appropriated, what else you need?

[@HigHrvatski]

@@nsa3679 Ask Vox. To them even though socialism always ends up oppressing the population that's under it, it becomes "not real".

[@nsa3679]

@@HigHrvatski oh) i got fooled that you r pro-socialism

[@baki1288]

@@HigHrvatski Hahahaha lol brate za malku mislio sam da ke dignesh Tito karta. Socijalizam nikad ne radi.

[@Carlos15Romero21]

As a young Venezuelan outside of Venezuela, I am quite saddened to see my once rich country turn to turmoil.

[@JaspreetSingh-eh1vy]

This is so unfortunate. The inflation is unreal. Nobody deserves this. Love from India 🇮🇳❤️

[@yaboihamster6322]

Same

[@hk7353]

Also save India form rahul Gandhi's welfare program

[@pablo-xx4684]

They just too depended their income with oil export, and everything gone wrong when the oil price has fallen

[@kaparg]

Nobody deserves socialism

[@wetguavass]

everybody deserves socialism

[@dinsquidtm6576]

I'm from Venezuela and I left the country because of maduro

[@hakikarajcic3392]

What about Chavez ?? Maybe even Chavez was not good enough for you. You should migrate to North America and be there happy forever..

[@JohnDoe-tb2sz]

Somalis know how you feel. We all love the Venezuelan people and we all wish we could help you 😭💔

[@FilK79]

Was it because of Maduro or the sanctions USA imposed on Venezuela and the secret war they are doing against you?

[@afroempiretv]

Bro. This is all America evil doings: America put sanctions on Venezuela because Maduro kicked all the oil companies out of Venezuela. America wants to own everything in the world. America needs Venezuela to boost her economic because America is being used by Saudi Arabia. America signed a oil deal with saudi Arabia in the 80s n now they are trying to get out of it

[@claudiodossantos5995]

@@FilK79 im from Venezuela. I live in Brazil now, it's because of Maduro

[@Rasfa]

There is SO much missing in this video...

[@weremus8639]

Never trust party with "Democracy" word in party's name.

[@tonyluxton3726]

Most oil rich nation on the planet yet doesn’t have one single oil refinery. This is madness and must be by design.

[@eduardoa3165]

The wonders of socialism

[@pixel6698]

@@eduardoa3165 Venezuela isn't socialist lol

[@oooooooooooo2794]

@@pixel6698 wdym? The government controls 50% of the economy.

[@quinn7072]

@@oooooooooooo2794 where did you get that number? The economy was rapidly privatized by Madero.

[@mooncake387]

@@eduardoa3165 its not socialism thats the problem..its people from other countries who want to exploit them..China owns its resources but because they can back up their claims they can prosper

[@Maxoto]

serious questions, why do the soldiers even follow the leader that the majority of the people wanted removed?? They are people and they can think too, so why not?

[@kamarassakka9922]

Those people wanted socialism, they got it. Now they have to face its predecessor, Communism

[@ike804]

kamara ssakka brainlet comment

[@blackgold754]

kamara ssakka there is no govt in communism lol

[@Maxoto]

@@blackgold754 because true communism cannot exist. As people are driven by greed and will try to get the most of produvt and money. Communism needs gov so ppl dont fall into capitalism

[@blackgold754]

Maxoto no it can. If u wanna talk about greed we have it right now yet it still exists because of the economic rig and oligarchs and corruption in capitalism lol

[@CubeItself]

that moment when u see the largest oil reserves as a sad face, knowing the worst is coming

[@Ara-wo5ho]

We are experiencing a second red scare in America. I hope that one day america can finally put people over profit.

[@josephdupont]

Margaret Thatcher once said that "The trouble with Socialism is that eventually you run out of other people's money."

[@stephencolley4392]

Yep true. Ask the financial institutions bailed out during the 2008 Financial Meltdown. Socialism for the rich and capitalism for the poor. Let the Iron Lady rust in peace.

[@PascalSWE]

Let her rust in piss.

[@sup4lunch]

Yes...it's a great Bumper Sticker line, but it has little to nothing to do with what happened in Venezuela. Did you even watch the video? Corruption is what has crippled Venezuela, and that was rampant prior to Chavez in the CAPITALIST system. Crony capitalism and corruption caused the people to elect a strong-man who said he would make the foreigners (Europeans) go away and make Venezuela great again. So the first thing Chavez did was seize the system of checks and balances (well before the vote of the people the film mentions) and then go on the attack against foreign interests, seizing their assets and calling it socialism, but it wasn't socialism....it was punishing rivals by stealing their livelihood. Chavez said the media was part of the conspiracy and that the people shouldn't trust them. He published an extensive enemies list. He said there would be riots if his initiatives failed or he got voted out. He made outrageous claims and called his rivals vile names, often giving daily reminders of anything that crossed his mind via his own personal media outlets. While lining the pockets of himself and his friends he gave away Venezuela's fortune and now Maduro, stuck with the check is trying to do the same thing but it isn't quite working. Socialism didn't kill Venezuela. Populism and corruption killed Venezuela and now it's here in the U.S.A.

[@KrzysiuNet]

Chris, it makes me feel better to see that some people actually think instead getting caught in some cheap slogans. Cheers from Poland (i.e. yet another country where populism has won recently).

[@AgentSmith911]

Margaret was the best leader Europe ever had. She would not support any bail outs for rotten corporations but rather let the market do its job.

[@mikelafo-3564]

When it showed the protestors dying it really hit home. A few years ago my cousin died protesting and it's hard to watch it happen and to not be able to do anything about it.

[@luceliorodrigues7504]

Wish you luck in your life

[@NurseSnow2U]

I’m so sorry beloved. May they rest in eternal love and peace knowing they lived purposely and transitioned into the forevermore honorably. 🤍🙏🏽🕊️

[@Clissile]

In 3 days I was asked by my history teacher to explain about this.. I will work hard to find out about this kind of thing.. thanks for this information

[@oneminutefixed5003]

People remember, never trade your freedom for security, you'll end up loosing both

[@junkystuff3628]

0:50 "Highest inflation in the world" *Zimbabwe wants to know your location*

[@wilmercanelon1200]

The video was made at 2017 and still Venezuela it's the country with the highest inflation in the world right now. He never mention "this has been the highest inflation in decades in all the world"

[@matthewgupta1404]

Junkystuff 36 *Post WWII Hungary would like to know your location*

[@justADeni]

African dictator regimes with corrupt governments: We have the highest inflation in the world Prospering south-american democratic country: Hold my beer

[@CommunistfromJapan]

Junkystuff 36 That's an old story.

[@junkystuff3628]

@@CommunistfromJapan Kim Il-sung is an old and dead leader.

[@saragomez8605]

I'm a little Venezuelan girl. And honestly watching this video breaks my heart, and hurts me in a way I can't even put in words. I think that you explained very well the situation itself, you said everything you had to say,and yes,that's the story behind of the nightmare we're living. I just feel like there's a lot more to say; a lot more of the pain and the frustration of every single venezuelan person out there.:( Living in Venezuela is like a daily challenge,it's so frustrating to see your dreams and your talents just go to waste, it's so sad to see the amount of poor and hopeless young people who are afraid of living their whole life in mediocrity (I' actually one of them) :( I just pray for all my venezuelan people,hoping that one day, we will be a stable,peaceful,happy, and productive society. I'm sorry if i spelled something wrong,my english is not good, I'm just learning:(

[@wyattdowning6742]

Sara Gomez except that they forgot the main problem socialism.

[@awhodothey]

Yeah, sorry Sara, this video might be right in line with Venezuela government propaganda, but the rest of the world knew this day was coming for Venezuela. Even a country as natural resource rich as Venezuela could never maintain the level of government intervention in their economy that made Chavez popular. Politicians will promise you the moon, but if the people aren't wise enough to reject their empty promises, economic collapse is inevitable. There are economic explanations for everything happening in Venezuela right now, time to start studying basic economics and taking it seriously.

[@Ron-qy1tq]

Sara Gomez i pray for you love from india

[@eddiggs5280]

I empathize. More or less the same could be said about my country, the United States. We are doing better in a lot of ways, but in some ways we are doing worse.

[@SdoubleA]

Wyatt Downing If Socialism was such a problem, why did it work in Libya?

[@Wookien]

I need a sequel for this

[@frannyy9309]

Looks just like what’s happening to the USA

[@salokin3087]

Hold on. Ya telling me the crisis is more complicated than simply shouting "SOCIALISM!!!"? Well wadda know!

[@angelic8632002]

Seems to go over the head of most people here though..

[@TheRishijoesanu]

If you're chalking it up to corruption, know that corruption itself is a result if socialism and the increased bureaucracy.

[@momorama8832]

The theory that the Venezuelan economy fell because of the fall of oil price it's so unsustainable, because the price fell in 2014, September of 2014 to be specifically, BUT, we can see that food shortage was already a reality before that time, in September of 2013 (www.theguardian.com/global-development/poverty-matters/2013/sep/26/venezuela-food-shortages-rich-country-cia), April 2012 (www.nytimes.com/2012/04/21/world/americas/venezuela-faces-shortages-in-grocery-staples.html), 2011 (edition.cnn.com/2011/12/13/world/americas/venezuela-food-shortages/index.html) when the price of oil was 120 dollars in the world, 2010 (www.economist.com/node/16326418) and in 2009 (www.telegraph.co.uk/news/worldnews/southamerica/venezuela/4938993/Venezuelas-Hugo-Chavez-tightens-state-control-of-food-amid-rocketing-inflation-and-food-shortages.html). Yes, you misses the single most important motive of why their economy was destroyed and the percentage of poor people skyrocket to more than 80% in 2015 (g1.globo.com/economia/noticia/pobreza-na-venezuela-chega-a-818-diz-estudo-independente.ghtml) SOCIALISM, THE CONTROL OF PRICES, THE STATIZATION OF BUSINESS, THE REGULAMENTATION OF ALL THE SECTORS OF THE ECONOMY, THE INCREASING SPENDINGS IN SOCIALIZED MEDICINE, ALL OF THIS WAS EXTREMELY RESPONSIBLE FOR THE DESTRUCTION OF THE VENEZUELAN WAY OF LIFE. DO NOT BELIEVE IN POLITICS SPEECH OF HOW BEAUTIFUL WOULD BE A SOCIALIST WORLD, IT'S UNETHICAL, ILOGICAL AND UNSUSTAINABLE.

[@isaaczaiek487]

Salokin Sekwah it was socialism. They just went into details on how socialism ruined it.

[@TheRishijoesanu]

Socialists can't understand how price are important. If you manipulate prices incentives gets perversed and shortages happen. Shortages in resources can turn a democratic government more authoritarian.

[@AziizNamantino]

Even robux is more worthy.

[@familyfive05]

Lol yes

[@hypercool44vlogs9]

on the edge of 1 bolivar being worth 100 times less than a single robuck

[@joelkingdom1591]

Similar issue going on in my dear country Nigeria, the economy shrinking, terrorism and corruption on the rise may God help us. 🙏

[@leminhtuanle1443]

how did you do it can you share with me , thank you

[@andernaugle8962]

As a Venezuelan, who lives in the United States but family is entirely política refugees, I am glad to see people taking notice of the crisis in my country. I really hope my children can walk the same streets as my family’s home in the future.

[@kinkaju]

@Ronie Lavon Chavismo and Cuba are the looters of Venezuelan Oil. Estupido Primermundista.

[@logan-gonzales7641]

Sad thing is this is currently happening in America

[@shringika8799]

It hurts to see a part of the world with such high potential in such a low position. Hope there can be done something for them.

[@josephpeeler5434]

Buy them an economics book written by a free market economist :)

[@junior.69420]

That's soliciasm for you :/

[@rbird2000]

Prayers from Poland

[@oskar1076]

@@junior.69420 socialist policies literally ended before the dictatorship and downfall

[@kanatashinkaip8231]

Thank you this helped so much with my MUN Position Paper Also hope people living there are doing well

[@coryboren1963]

Good Story Sam, Christina and Edwin. This sounds like a condensed version of the history of the Soviet Union. Wonder what the nations had in common? Maybe you should have mentioned that. It might be a good thing to talk about since a similar thing is happing in the U.S., but I guess when we do it here it will finally be done the right way.

[@HC-wo2tz]

Instead of talking about things you don't understand, I encourage you to read a book and educate yourself. It might enlighten you. Then you can come back here and comment, ok?

[@coryboren1963]

@@HC-wo2tz What book would you recommend?

[@sharath165]

Stay strong Venezuela 🇨🇴 Love from India 🇮🇳

[@shalinisingh5848]

Lol we Indians need dictatorship but not like maduro

[@erratholugaadu8786]

@@shalinisingh5848 thinking the same....we need Dictatorship

[@srinivaspaalakaveeti2082]

@@shalinisingh5848 this is 21st century....come out from those 17th and 18th century when our dictators touched British foot for money and gave the entire power to them... Dictatorship is very dangerous to this world...Example is north korea...

[@dominicjose3660]

@@srinivaspaalakaveeti2082 well it all depends on the dude thats gonna rule...I mean middle eastern countries like Oman, Kuwait or UAE have a fairly prosperous population...here though, I believe it's because of the government's inability to transition out of oil dependancy...

[@randomdude9135]

@@srinivaspaalakaveeti2082 I don't k much about world history or politics. I'm kinda new. But I do k that China has prospered n is in a position to challenge even THE USA. I guess India needs a leader who is NOBLE but the govt can get the GOOD laws passed easily n quickly executed. Cuz currently, the bill has to pass from LS, then RS. Opposition can disagree. I don't think that happens in China.

[@joemama4946]

Don't forget that Venezuela taxed investors too much so they left the country.

[@truthinyourface7345]

Investments is the new colonization

[@rodmunch69]

That and they literally started nationalizing companies as well - so they just left. This is what socialists do, they literally take other peoples and companies money, and everything is great until that line of money runs out or those companies pack up and leave.

[@Maxzatlin]

Rod Munch government control over companies isn’t a socialist thing at all

[@prophet_master]

@@rodmunch69 dang i didnt know socialism had companies in it

[@Maxzatlin]

Yash Tripathi Venezuela is not socialist

[@noisy99_]

Does this affect the land prices in Venezuela? I mean, has it become super cheap?

[@Bravo_L]

Nothing to do with sanctions and artificially deflating oil prices by saudis to drop the price to hurt vuvuzela? Always the what but never the why.

[@DavidLudwig96]

Sanctions came in late in the game. And the Saudi government manipulates oil prices the same way Venezuela does since they're both a part of OPEC.

[@cuddlemuffin.9545]

Sanctions came in way later. Venezuela started a price war with saudi Arabia, it's not the kingdoms fault if someone doesnt comply with the rules

[@ismaelismael8543]

Sanctions came later, Venezuela cooperates with the Saudi regime in manipulating prices and basing your entire economy on one activity would have destroyed their house of cards in a matter of time anyway.

[@venguiJR17]

The worst disgrace that could have happened to my country Venezuela is that we were the largest oil reserve in the world. We retired from the fields and became ultra dependent on the oil rent, we have to buy from other countries what they produce with our raw materials. With the accumulation of wealth that this country has had to be a first world country, but thanks to our corrupt politicians throughout the 20th century we are a third world country more.

[@tylerdurden7927]

Well, Venezuela is not exactly a Saudi Arabia. Saudi Arabia has the best oil out there. Cheap to extract and cheap to refine. Venezuela has extra heavy crude oil. Very difficult to extract and refine and very expensive and requires a workforce with the adequate expertise. The oil industry requires tons of capital investment to make sure reserves are usable and it's even more true for extra heavy crude. Things were doomed because Chavez failed to inject the capital investment required to keep production going...and he chased away the expertise required to effectively produce this difficult type of oil. Oil production fell over the years to about half of when Chavez took over. That means revenues would have halved had the oil price not increased rapidly during that period. Something driven by the rise of China. China's growth was gonna max out eventually and the more expensive oil becomes the more viable other sources of oil becomes (oil from fracking etc) meaning more supply. Oil was never gonna rise at that rate forever. Chavez should have used that window of opportunity to invest in tomorrow instead of blowing all the money on socialist pet projects. Chavez destroyed other industries in the same way

[@hectorrodriguez6843]

Hugo borrowed ideas from communist Fidel Castro how did that workout? You guys were heading in the right direction all it takes is for useful idiots to vote for the wrong person.

[@user-ww9hp9fo5n]

@@tylerdurden7927 agree

[@aranrojassalas7042]

Un abrazo a mis hermanos venezolanos, desde Costa Rica Les deseo lo mejor Latinoamérica está con ustedes

[@Ricardo-gf7ts]

De pobres a pobres

[@alvar2913]

@@Ricardo-gf7ts jjajajajajaa

[@alvaroakatico9188]

Los gringos deben de sacar a maduro pero hoy mismo!

[@user-qc3ki3nf4s]

Jajaja un pobre saludando a otro pobre :v

[@nathanclaudio6681]

This is what’s happening to the Philippines now and it is scary.

[@cjay9748]

Yeah. As a matter of fact, the country is currently unitary-presidential and is restricted to FDI. This brings a lot of issues we're encountering everyday since decades ago. This is indeed scary.

[@goonerfromjhb]

I find these comparisons chillingly similar to the current situation in my country at the moment.

[@cxlappsed1548]

Where are you from

[@EddyGarcia_vzla]

I still love my country no matter what I will always treasure the moment with my family I can’t wait for when it’s over so we can all see each other

[@steviepigford8485]

😎😃😋🌞💸❤️💚💛🧡💜💙

[@bunyifxtv4407]

Hope u guys stay strong there in Venezuela , i know how it felt to have a such corupt people running your country , peace from malaysia . U will see the light and celebrate once again guys !

[@pacilpacil9710]

aliff redza same as indonesia, my country, best regard

[@bunyifxtv4407]

pacil pacil yes bro . Aku baca jugak tentang situasi di Indonesia . Semoga pilihan raya kali ini warga Indonesia bisa mengecapi kebebasan dan kemenangan sebenar . Aminn

[@mrdarky3377]

Malaysia is still not free from major corruptions. There are many departments and sectors to be sterilized. Thus, it is time for Malaysia to adapt with the international standards especially the human rights instead of cherry picking it like the old government did.

[@shahrul6434]

sian org sana.. merana tak sudah2..

[@zackyzack7647]

unfortunatelly, fellow indonesia and malaysia coruption is so high in our country...i dont know in malaysia, but in indonesia this kinda news (venezuela crisis) are rarely seen on tv..i mean we need this to educate votters for upcoming election

[@juliocesarcastillot]

Still looking for that “collapse”

[@Jose96David]

Weird to see Vox criticizing the politics of the country whose ideologies they are promoting and advertising in America. Never thought I would see that.

[@kanikathakur6152]

I am from India and after watching this video I literally cried...So much pain . May God bring peace to Venezuela..!!

[@anabelzambrano7569]

Emma Louisiana thanks, right now we are doing worst than before but we are holding in there, again thanks for the good thoughts

[@kanikathakur6152]

Anabel Z Welcome but I think you do not need to thank me as I am part of this world too and I believe that the whole world is my family. I really felt the pain sister and I believe sympathy is what makes us humans and it really doesn't matter if we live in different countries or continents. At the end we are all humans united and there for each other.

[@FelizyEficaz]

Emma Louisiana, everything is fine now, and we have been enjoying peace since the 30th of August 2017 when almost 8 million Venezuelans voted for the Asamblea Constituyente. This video and some of its commentators are part of a fake news media narrative created by eeuu paid agents to justify an illegal intervention in our country, for our oil and other abundant natural resources. You can watch our current reality by our national TV stations, like VTV, Venevision or Televen. The last two being privately owned by the opposition. Fake news is a real issue in our days, so I suggest digging a little before believing anything from any media.

[@kanikathakur6152]

FelizyEficaz Oh thank God everything is back to normal I guess. Still may your country flourish and enjoy peace.

[@FelizyEficaz]

pratik Belkar Safer than Mexico or Brazil now. If you do decide to come, just use common sense, don't go around alone in places or with people you don't know and trust. I wouldn't do it anywhere in the world.

[@MWB18]

It's sad seeing what's happening in Venezuela, I have family in Maracaibo and its awful what they're going through. It really makes me feel very fortunate to be living in America.

[@egoamigo-1377]

Something that Americans take for granted unfortunately...

[@aaditya7616]

Bernie sanders creeping in

[@choloman409]

Is ir really as bad as they say ?

[@osheridan]

​@@choloman409 I mean, I'm not Venezuelan so I'm open to correction, but it's in one of the world's 20 humanitarian crisises, is an authoritarian regime and is more dangerous than multiple countries in full scale civil wars like Myanmar. So I'm guessing yes.

[@internetperson9813]

0:42 Oh come on, even Venezuela is sad about their downfall. You can clearly see that.

[@fabmario]

😂

[@s.......]

Sri Lanka getting here very soon

[@aimem.4776]

Being an immigrant from Mexico here in the U.S. all I wish for is peace for every country. We are with you my brothers and sisters from Venezuela 🇻🇪 ❤️ God Bless you all

[@kidfox3971]

Anyone here legally is welcome to be here.

[@Burns1993Joe]

God help Venezuela 🇻🇪 Love from Great Britain 🇬🇧

[@rowdywoman7746]

We’re Fine Come Downtown Caracas And I’ll Break Your Legs M8

[@justMe-wr4tp]

I wish venezuela be able to be strong again and be safe