The Impending Collapse of Venezuela || Peter Zeihan

[@Rgdonaire_07]

Venezuelan here living abroad. Venezuela ended up worst than Cuba. Power cuts, corruption, mediocre administration, authoritarism and the list goes on. Chavez and his cronies put the country on a deep crisis unseen before. We were not a perfect country before, far from it, but the decline has been brutal the past 20 years. I really hope we don’t end up in a deeper crisis and I hope your predictions don’t become a reality.

[@markjamison9677]

@@colinhuff8591He probably didn’t want to sacrifice himself around liberal lefties self destructive mentality . You know the type .

[@all-americanbulldogfarm2110]

Venezuela is not worst than Cuba hahaha stop spreading misinformation to the gringos!

[@dennisweidner288]

@@colinhuff8591 That is unfair. Venezuela is a police state and change from inside is impossible.

[@dennisweidner288]

@@all-americanbulldogfarm2110 A gringo here. I think you are correct, but only because Cuba does not have oil to export. Venezuelan oil exports are down, but there are still some. Cuba no longer has even sugar to export.

[@predomalpha5596]

@collinhuff8591 Dude, it’s a dictatorship which massacres it’s own people.

[@sheikhboyardee556]

I lived in Venezuela from '90 to '94, two years in Caracas & two years in Maracaibo. It was a corrupt democracy & much was stolen by politicians but much also got through to the citizens. The good news was that everyone had a job & there was upward mobility within the jobs & the stores had every consumer good you can imagine, especially food. The people wanted "something better" so they voted in the socialists & everything has turned to crap over the past 20 years. That's the bad news. Now there are no more zoo animals because they have all been eaten, no stray dogs or cats because they met the same fate, most people have lost 20-40 pounds due to a lack of food, & 1/3 of the citizens have fled the country. remember this next time you vote, no matter what country you live in.

[@OlafRooster]

I guarantee you that this is what people want and this is what they vote

[@billpetersen298]

Reminds me of how the CCP uses elite capture. You vote them in once, it’s game over.

[@nib213]

United Kingdom next

[@rootaficationism]

Yet they are complaining because Mexico fed them beans.

[@klammyvagikarp7578]

The people you want to suggest this to would say they need more socialism to fix things. Or 'not real socialism.'

[@moon_knight8578]

for all those fans of Authoritarians (of any ilk) this is where it eventually ends up. so have a good hard think on this.

[@visitante-pc5zc]

Been saying many years the consequences of socialism 🤷‍♀️

[@Justmekpc]

@@visitante-pc5zclike our military, police, fire dept national parks SS Medicare Medicaid farm and energy subsidies etc? All socialist programs

[@vintagegamingrepublic5156]

@@visitante-pc5zc Fascism leads to the same place.

[@moon_knight8578]

@@visitante-pc5zc re-read it bubbles, but let me help both wings of Authoritarianism are as bad as each other.

[@EyeOfMagnus4E201]

@@vintagegamingrepublic5156Fascism is a form of nationalistic socialism, so his argument still holds. People forget (or were never taught) that fascist parties believed in nationalizing industries just as much any other socialists.

[@davidklausen1316]

Teetering on the brink of being a broken state? Venezuela was a broken state 15 years ago. What's happening now is the rotting and putrefaction of a corpse that's been dead for some time.

[@danielsmithiv1279]

That's what I'm saying! LOL Venezuala BEEN collapsed xD

[@olindblo]

I suspect Peter misspoke here and meant to say that it’s teetering on becoming a failed state, which uses a specific Fragile State Index to determine if a state is actually failed or not (or in this case, broken). Venezuela is not quite there yet on the index, and that’s not really up to personal opinion. But I’m just speculating, I might be that Peter is not referencing the FSI at all here (though he’s most likely well familiar with it).

[@rebornshitposter]

@@danielsmithiv1279 it do be like dat

[@davidmiska]

@@olindbloI'm going to have to Google this index

[@BidensTopGangstalker]

People are so hooked on the clickbait "x is about to happen" framing that they don't notice when it's already happened.

[@Z3sty_St4r]

Venezuela collapsed years ago.. i had a boss from Venezuela working in the UK, and he would say that he wouldnt go back to Venezuela if you put a gun to his head...

[@Rgdonaire_07]

Same here

[@robbiekop7]

Why doesn't anyone mention Haaiti that place is a disgrace

[@nuggets1833]

@@robbiekop7Haiti has been a disgrace for the last 200 years. Venezuela used to be a world-class destination...

[@pneudmatic]

​@@robbiekop7Haiti has had none of the advantages that Venezuela has had. It has been better and worse but never prosperous.

[@PassivePortfolios]

In Venezuela they use guns to prevent people from leaving.

[@malinamorales6527]

I thank God every day my father left Venezuela and had me in the USA

[@5anjuro]

In 2006-2007 I was attending a management course in Vancouver. Two of my classmates were a married couple, chemical engineers from Venezuela. They didn't have a single good word about Chavez, Chavistas, PDVS and everything that went with them. Couldn't stop patting themselves on the back for having been able to get out. I bet they're looking back and thinking it was the best decision in their life.

[@OlafRooster]

But if you want to hear people praising Venezuela you can start listening western leftists they openly support it and want to turn every western country to similar place what Venezuela is.

[@guylancaster2055]

Yes… but Trudeau is busy doing same to Canada..

[@peterfireflylund]

@@guylancaster2055 he is, but Canada has a long, long, long way to fall before it is as bad as Venezuela.

[@rmclarke83]

Same I had some as house mates, by the time they left (2010 ish) their live saving were with 25k, after having been multiples higher. They wished they'd changed to USD earlier

[@davidmiska]

Money isn't everything. I bet they miss the culture and community back home. Lots of people use USA to make money. But their heart and soul is still tied to the community and culture in Venezuela.

[@jackp8583]

It's so sad. Been to Venezuela in the 70s, people were very nice, culture all over. I can't imagine what they're going through.

[@FALLINGJIGSAW]

communist kleptocracy

[@billiondollardan]

I lived there when Chavez was elected and it was still beautiful before I left. They used to be a great country

[@BMWHP2]

What they're going through, is called Communism. Sad for all those that live there, except the few in power, they will bleed the country dry, just like the oligarchs in russia..

[@gagamba9198]

@@billiondollardan It takes a while to ruin a country.

[@collagearte1]

Hell on earth

[@lloyddossantos1800]

Went there twice once in 2012 when Chavez was in power and it was a very scenic country with good infrastructure and lovely cuisine. Returned with my wife 2 and half years later to a place of such destruction and seeing the start of what is now bordering on to a failed state. 😢

[@Tom_McMurtry]

:((

[@cwx8]

Same thing happened in Argentina just slower because they happen to have such strong GDP. Leftism destroyed that country. You can watch peronism take effect by walking from downtown Buenos Aires out in any direction for 45 minutes to assess the economic collapse socialism caused.

[@EmmettBrooks]

The US will soon be worse than Venezuela. I once liked the US and Venezuela, but the people in those two countries voted for Marxism. This is what they voted for, and this is what they deserve.

[@zhiwui2114]

Corruption destroys.

[@Mcfunface]

As does any attempt at socialism

[@visitante-pc5zc]

For the 100th time we hear: ThiS iS NoT SoCiaLisM

[@JustAskingQuestions8571]

@@visitante-pc5zc Yup, "real" socialism can't last even 25 years like the utopian socialist societies in the U.S. (with few exceptions like some Christian Utopian Societies and even fewer secular exceptions like the Oneida commune, which even then didn't last longer than 50 years) during the 19th century, the anarchist societies in Spain during their Civil War, and CHAZ in Washington State during the BLM riots. Certainly, if it lasts at least 25 years like Venezuelan socialism has, it is by definition not "real" socialism. Lasting even 25 years is far more "success" than "real" socialism can ever achieve. Also their "success" is among the most catastrophic levels of failure by our standards.

[@theforsakeen177]

@@Mcfunface socialism or state capitalism is so far the only way any country has ever become rich, think chinese model of government subsidies, this is how all rich countries became rich (US, germany, uK, japan, taiwan, etc), maybe argentina will break the pattern. there is even evidence that adoption of true capitalism (free market) slow down economic growth, in many places we know it has led to de-industrialization (brazil, europe, etc).

[@juanmaldonado4193]

Socialism destroys 😅

[@AZ26744]

I had a job in Venezuela in '98 working in a shipyard near La Guira/Caracas. An astonishing country that made quite the impression on me. Things I clearly remember: The people (most of them) are the loveliest you could hope to meet. Avocados the size of footballs Petrol was almost free, something like 4c a litre Excellent quality rum! The centre of Caracas glittered like Milan, but surrounded by some of the most dangerous shanty towns you could imagine. Most of the men had knife scars I saw my first dead body The food was amazing Crazy place, hope they manage to rebuild somehow...

[@thermalreboot]

Sean Penn owes the people of Venezuela an apology.

[@TimothyTimikoHanley]

Ahhhhhh, Sean Pencilhead...🤪. Yes liberalism is truly a mental disorder 😳🤣😘👋

[@kurt1391]

The way he looks at it, they owe him an apology for letting him down.

[@GruneD]

Sean Penn is an idiot

[@rafamericano]

As do Noam Chomsky and Oliver Stone.

[@thermalreboot]

@@kurt1391 That's probably more true than not.

[@blueyhis.zarsoff1147]

They ran out of other peoples money...

[@dennisweidner288]

@blueyhis.zarsoff1147 Actually they ran out of oil money.

[@sdrc92126]

@@dennisweidner288 Venezuela has the largest proven oil reserves in the world

[@dennisweidner288]

@@sdrc92126 Absolutely correct. Which makes wrecking the economy a stunning achievement that only socialists could bring off.

[@morstyrannis1951]

@@sdrc92126which is worthless if the country is so dysfunctional they cannot do anything with it.

[@PolishBehemoth]

​@@dennisweidner288wrong. they still have plenty of oil. They just refuse to capitalize off of it and expand it and hire skilled personel.

[@joseangelucci933]

As a Venezuelan we have been waiting for this moment for a while. But how can they allow democratic elections IF they run the biggest Cartel in Venezuela.

[@OlafRooster]

When you get free and democratic elections you vote same people back into power again. Its not that they are problem. No they are not they are symptom of problem that is YOU

[@felopez7755]

That was a very silly proposal ... The Tyranny Cartel could only be defeated with Guns... "piedra , candela y plomo" - When anyone says well now you'll be having elections ... My reply is with this question ... How was Pablo Escobar stopped ?

[@mikitz]

A socialist state is like a half-assed Robin Hood: it steals from the rich but forgets to give anything to the poor.

[@davidmiska]

​@@mikitzwell said

[@jessejohnson7591]

This is where Peter is at his best, intelligently talking about macro logistics.

[@brianboye8025]

He gave an evaluation that is widely known. Only fools like Biden thought there would be positive changes. And, of course, Obama.

I've noticed that Left-wingers, especially here in the States, are more than willing to throw all the blame for Venezuela at the feet of the USA for x,y,z but Peter gives a well thought-out explanation. Who knew centering your nation's economy around a single export and then mismanaging that export could have negative consequences?

[@spicychad55]

The US does have a long history of sabotaging LATAM states and other states, so yes US is partially responsible-- especially with Cuba, Iran, etc.

[@lonnybun]

Surprised, Peter didn't make a smart remark blaming Trump. Also noticed that Peter didn't call the government leftist.

[@LTVoyager]

@@lonnybunPeter is a leftist. He won’t criticize a leftist government for being leftist. He will criticize other aspects.

[@ericr6829]

Socialism a la cuba or venezuela, no. Social democratic a la Sweden or Denmark, yes.

[@mjscorn7943]

I'm guessing Zeihan is thinking the same thing and will be revising his remarks for the next update.

[@gagenater]

If you are wondering where all the professionals that used to be Venezuelans are, take a visit to little Venezeula in Houston - we have a huge number of expats, mostly engineers, doctors, lawyers, and other educated people.

[@nagasako7]

The fact that violence in Caracas is worse than the most gnarly parts of Gangland Cape Town / Sinaloa is telling. The Resource curse is real.

[@dennisweidner288]

@nagasako7 The socialism curse is worse.

[@personzorz]

​@@dennisweidner288 nah, resource curse is empirically worse

[@bangkokpeter2]

resources itself are not the curse. it's the inability of some states to manage the income from them that is the curse. for example, norway has oil too. but they are doing quite good with managing the income derived from it and have became a rich country.

[@dennisweidner288]

@@personzorz I would be the last to say that the Dutch disease is not a real problem. But what other country has exhibited a third of the population fleeing and people losing weight because of food shortages?

[@dennisweidner288]

@@personzorz I would be the last to say that the Dutch disease is not a major factor. But here you are talking about a third of the population fleeing and much of those remaining facing near starvation.

[@pbreedu]

Their are a lot of Venezuelan oil experts in Fort McMurray home of the Alberta, Canada oil sands. The oil sands companies even sponsored a program to teach them how to deal with very cold winters.

[@ernesthale2471]

Thanks!

[@EugeneHorak3]

Please do some episodes about the future of south africa

[@jeffjohnson9590]

Nice summary! Am I the only one who found this really depressing?☹️

[@erikswanson5753]

Nope. Very sad what years of mismanagement and bad government can do a country. The country is run by a dictator whose only modus operandi seems to be to cling to power at all costs. He could, of course, just get on a helicopter and go to Cuba. They'd welcome their comrade with open arms.

[@sadjaxx]

No. Is sounds like a descent to hell. Chaos, starvation, and confusion. No good choices.

[@jvaneck8991]

Venezuela produces a heavy oil that requires a thinner (naptha, kerosene) to be extracted. Canada also produces a heavy oil from the oil-sands located mainly in Alberta. The two are equivalencies, either will go through the oil refineries in Louisiana. That Canadian oil requires an "upgrader," which is pricey (figure around $13 billion) but then the upgraded output can be piped to the USA for further refining, and there is a limitless supply in those oil sands. Curiously, the Biden Administration has no enthusiasm for this project, and no capital is committed by anybody to build it. The oil-sands remain in low production as a result. The reduction in oil consumption is more correlated to the shift to natural gas for electricity generation and as a feedstock for the chemical industry than to "renewables," contrary to views expressed by commenters below. Cheers to all.

[@henrybutchy3242]

WTF? USA domestic crude production is at record high levels (check the official energy dept weekly data). Biden has opposed / stopped only the Keystone XL new pipeline. The other 4 Keystone piprlines (or 7 depending how you count segments) are open. There are other pipelines systems from Canada to usa.

[@LRRPFco52]

Keystone was going to combine Canadian crude with Bakken light and pipe it south together in the ideal mix for US refineries, dropping energy costs for US & Canada even further. Biden killed that day #1 as his top priority. Why? Because he's a puppet for someone who needs oil at $100/bbl to grow their economy. Can't say who on yt or the comment is deleted.

[@alansnyder8448]

100%

[@LRRPFco52]

It's crazy how my comment about Keystone pipeline was removed. I don't violate the policies, Don't even use profanity, Yet my factual comments about the historical realities of Keystone have to be censored for some reason.

[@alansnyder8448]

@@LRRPFco52 I'll keep an eye on my comment. I sometimes find the YT comment system lacking, but I think it might be due to down-votes. Be sure to upvote comments you agree with.

[@PeterSonners]

There should be a show called, "Where in the World is Peter Zeihan?"

[@ChezFontaine-l4g]

Where on the world is the spook maybe?

[@WaltDavey]

"Where's Zeihan?" (a Wally spin-off)

[@Kenneth_James]

if only Zeihan had a few more syllables

[@antilarge7860]

Get him a large red hat with a red suit hahaha

[@spice_sniffer_10191]

Geo-Guesser (Peter Zeihan Difficulty Setting)

[@ecthelion83]

To be fair, the Venezuelans themselves voted (free/fair or otherwise) for this, and then failed to course-correct (it is not America's obligation to intervene in domestic issues beyond its own economic/geopolitical interests, especially after the post-Cold War global order became increasingly irrelevant to and cost-ineffective for the US, and also after it has been criticized for decades regarding its Cold War-era/style interventionism) and instead jumped ship when things looked like they were heading south about 6-7 years ago.

[@bnations2000]

The history of most Socialist takeovers can be summarized as "One man, One vote, One time". Once in power, they allow no more free elections.

[@llamaboss1434]

Shit like this festers until it becomes America's headache though. The Venezuelans all jump ship to mooch of successful state, and will then whine when America has to intervene because the el-presidente is going to sell everything lock stock and barrel to China and Russia so he can rule unjustly.

[@zrtyler]

Do you really think it’s fair to blame the Venezuelan people for not “course-correcting” when that would require something on the scale of a violent uprising against the state? It’s not like they could vote their way out of this issue.

[@rmclarke83]

Maybe the initial election was fair, but it has not been fair there for a long time. Press shutdown, opponents jailed and banned.

[@mariociaramellano7509]

Don't worry, the same scheme is coming for you, same Smartmatic/Dominion/Sequoia voting machines, same stolen elections, same lawfare, same supreme Justices taking political stands, and soon enough, more cities will look like LA and Chicago. Venezuela was a testbed model of destruction from within to be implemented in other western democracies.

[@alejandroschmid88]

Venezuelan here. I hope our predictions become true, really. The sooner the collapse comes, the sooner we are from being on other place rather than this.

[@j.obrien4990]

Mexican on US Border here, the flow of Venezuelan is constant, the ones I met are really decent people, but most of them lack decent training, the country will need to be rebuilt from scratch.

[@VisualAFMedia]

Obrien

[@j.obrien4990]

@@VisualAFMedia Y? El papa de Alvaro Obregon era Miguel O'Brien, tenemos una historia bastante larga en este Pais.

[@EndersSaga]

Say it. Say it is the normal quick realization of late stage communism

[@gagamba9198]

Late stage communism is never attainable - and never was genuinely meant . The end of government, classes, money as well as the magical pile of all things from which one may draw to meet all needs is the over promise. Stuck in the dictatorship of the proletariat is the actual deliver.

[@FinianLohbar]

this is authoritarian rule plain and simple coupled with massive sanctions

[@electrosyzygy]

As much as I hate communism, what happened in Venezuela never was communism. Your ideology blinds you. He rightly doesn't make such commentary.

[@EndersSaga]

@@electrosyzygy say it. say the line. "it wasn't real communism." It is exactly what communism always is. What killed it was oil corruption and corruption happens faster in "real communism" which is all the communisms that have been tried.

[@boggless2771]

​@@electrosyzygy in the 70s venezuela prospered, then the government "Nationalized" oil production, basically slowly kicking out American oil companies. It prospered for some more time, but eventually governments donwhat governments do best, run things into the ground. Eventually Chavez was elected, then in ~2005 (i think), he fired 20k people in the strike. Its no wonder that everything collapsed.

[@andrelockridge9109]

Venezuela,South Africa good governance is everything! Tragic, people of both nations deserved better from their"leaders."

[@rebellord91]

Does anyone else wonder how strong Peter's shoulder is to keep the camera on a stable platform. He may be the USA's best hope for a a gold medal in the javelin.

[@ericr6829]

Recent advances in image stabilization in modern cameras make the task much easier.

[@herickdeharo]

😂

[@sadjaxx]

Do they still compete in the javelin throw?

[@matthewbrook7683]

I live in Argentina but travel all throughout south America. Most Venezuelans are really great people and many of them cant wait to go home. This is one case where most of South America and almost all of the Venezuelans would appreciate it if the CIA could step up and do a coup. The main problem now is that the Army, ie the regime, smuggles a large part of the drugs for the cartels in the eastern part of the country. They do that for the US$ income. That and the fact the government is mining the gold belt, albeit very inefficiently also for gold to trade for US$. What a tragedy that country has become.

[@AlphonseNouveau]

Why should the USA spend money and manpower on a coup? Based on the consequences of the CIA's past operations, you'll need a really good justification to convince me.

[@klong9269]

I doubt the CIA would touch that mess with a ten foot pole.

[@CarlosStorms]

A Venezuelan here. Great summary of the disaster that is Venezuela. It still baffles me how the US for the last 25 years has ignored this happening because they can benefit from this crisis. I was one of the 7-8 million that left and what’s funny is that we actually want this collapse so we get rid of this regime.

[@IvorMektin1701]

Ignored? Are you inviting a regime change?

[@JustAskingQuestions8571]

@@IvorMektin1701 I bet he is, and good for him. If you were being assaulted almost to the point of death, wouldn't you want the police to come help you?

[@colinhuff8591]

Will you go home after maduros gone?

[@Jason-fm4my]

Not ignored. More like explored every option other than invasion to no avail.

[@CarlosStorms]

@@colinhuff8591 I have considered it, but depends on if what’s left is able to aid me support my family

[@ScentlessSun]

I like how Peter hesitated when he said where he was coming to us from in the intro. He changes locations from, he loses track of it.

[@eek0212]

This will not just stopped inside Venezuela We will see some serious impact on Nicaragua and Cuba because both of countries economically depend on Venezuella for two decades.

[@ngoodey]

I lived in Colombia for a few months last year and it was noticeable how many Venezuelan refugees there were in the country. Some had left to work in places like Medellin and Bogota if they could get a job, others were just destitute. I had a friend who could go visit her parents in Venezuela and would always bring a suitcase full of tinned food as her parents pensions had become virtually worthless. Every time she returned she said they were a little thinner.

[@zibbitybibbitybop]

Even the ancient Greeks would've looked at the fall of Venezuela and been like "Nope, too tragic. Dial it back a bit, would ya?"

[@pauldavis9387]

So few people will truly appreciate just how funny your comment is.

[@standup_jokes]

Great analysis. Thanks

[@soulSaysHi]

Very saddening to hear this.

[@wattlebough]

Very sad indeed for the Venezuelan people. I wonder how effective the security apparatus is in that country and whether it’s incompetent to the level that elements among the population might be about to remove Maduro by force.

[@andmyAlex]

Man, camera operator could really use a raise!

[@panch76]

can you also talk about Cuba, and it's always impending collapse, how does it goverment still exist????

[@100c0c]

Cuba?

[@visitante-pc5zc]

It's already collapsed. Did you see the buildings and crumbling infrastructure? It breaks my heart to see cubans in that situation. Poor victims of socialism

[@dennisweidner288]

@panch76 Because it is a police state. Notice that the Soviet Union did not collapse until Gorbachev began ratcheting down the power of the KGB.

[@Rainbow_Oracle]

Cuban society is functionally collapsed, it has all the same major problems as Venezuela, constant outages, unaffordable food, no commerce, no jobs, no medicine, not any other resources, etc. The nation had been teetering on the edge of functioning for a long time. The recession following COVID broke the illusion that things were just grinding along as normal, not really getting anywhere but not stressing either. The Cuban government still clings onto control though. Riots have increased a lot but the government just beats back protestors with violence and make an example out of the ones they catch. Those who aren't killed outright tend to disappear completely. Most people are still afraid of the government and it's violence. The desperation is there, but everyone agonizes about how to flee the country, rather than how to dig their heels in and regain it. The government has brainwashed people into docility and cowardice. Many more than usual are starving, but the thought to rebel doesn't even cross their minds. For a "revolutionary state" the people don't quite seem to know how to carry out a revolution.

[@dennisweidner288]

@@Rainbow_Oracle Good post. I think you are correct. Only I don't think the Cuban people have been brainwashed into docility. They are docile because they live in a vicious police state. That is not brainwashing, that is an accurate understanding of the dangers of protest.

[@Liplip40]

First time on this channel. Maybe one of the first times where I find the comments thoughtful and interesting. Glad the algo directed me here. 👍

[@bobturwilliger37]

Yikes....Never underestimate the degree to which a bad situation can get worse I guess.

[@MrFlaherty61]

Always good news from Peter

[@jamesyoung401]

Sometimes I feel we are on this road with politicians just wanting to keep power vs. The greater good of the country.

[@sadjaxx]

You forgot money. Power and Money.

[@FRMaverick6]

It's nice to come back to this video now

[@anitagorse9204]

Peter Z, forever so cheerfull and optimistic. 😄

[@yorkazuna5934]

The truth sometimes hurts.

[@jackmcilroy1287]

Would love an episode on Myanmar

[@mkvenner2]

Impending?

[@allstarlord]

Lol right? It already happened

[@campfireeverything]

It can always be worse

[@javieracero8408]

Wow, as a Venezuelan IN Venezuela watching this is brutal 😅

[@davidmiska]

Is it bullshit?? Caracas is getting better I hear. Is this true?

[@freedominsteadof1984]

This is what socialism does. Always. Everywhere. Venezuela was the richest country in central and South America and became the poorest within less than one generation. And this despite the largest oil depots in the world.

[@organicwest]

Politicians will tell you they are with whatever party to get themselves closer to the money. Nothing left or right here just greed.

[@freedominsteadof1984]

@@EJH783 Norway is no socialism. Can anybody be that stupid?!

[@freedominsteadof1984]

@@EJH783Norway is not socialist. How about google?!

[@freedominsteadof1984]

@@EJH783 Norway has a mixed economic system with a combination of free-market activity and government intervention.

[@freedominsteadof1984]

@@EJH783 you guys don’t know the difference between a socialist system and a social market economy which most of the European states are. It’s unfortunate that these facts are not being taught in school and university anymore.

[@SweetDreams-wt7vo]

You are a steady hand in every respect!

[@Leftatalbuquerque]

I hereby refuse to ever buy anything promoted in a KZbin ad.

[@JohnSmith-ti2kp]

@Leftatalburquerque-- Hey, whats up Doc? Those ads are so irritating I refuse to watch them, if you are using Firefox browser you can use for free uBlock Origin.

[@reuben3077]

I stand with you my brother

[@lelandsmith2320]

If a tape has an imbedded add I instantly give it a down arrow. Too bad youboob no longer posts the down arrow totals.

[@BrianBrayMedia]

​@lelandsmith2320 By down voting you just punish the channel, not KZbin. Peter's pieces will be promoted less by the algorithm. Is that what you actually want?

[@ricoma6037]

Great report! Thank you!

[@ginamurray711]

Did you talk about the Venezuelan gangs operating in the US?

[@michaelpaine8849]

There are 33000 gangs in the US so Venezuelan gangs are negligible.

[@BasePuma4007]

​​@@EJH783Except Canada? I doubt that. Venezuelan gangs would probably also be negligible in Canada though. But I'd imagine they are there to some extent.

[@ChristopherMHeaps]

@@BasePuma4007Ignorance of basic facts never stops Americans from having an opinion, does it?

[@johnross278]

fantastic!!! thank you for such rich information. Love your stuff.

[@dennett9]

Collapse is a common theme of Peter’s videos. A description of what collapse looks like would be informative.

[@jesusdesanto432]

He mentioned two big signs of collapse in this video: famine and mass displacement

[@sadjaxx]

Go look at Venezuela. Or Google it? Read a book?

[@stevebriggs9399]

Peter doesn't need to. Look at Haiti.

[@rmclarke83]

Venezuela collapsed ages ago, millions of people fled, the state looted the resources and collapsed industry. The most educated left. They also deal closely with Iran and Hezbollah.

[@GarySchiltz]

Quite sad from a humanitarian standpoint. I live in Ecuador, and many many Venezolanos came here as economic refugees about five years ago. Strangely, a lot of them have returned to Venezuela, though I don't know why.

[@lvovodessa]

Because life in Venezuela isn’t as bad as it was a couple of years ago. Add to this that many Venezuelans were struggling in Ecuador and Colombia so it made sense to go back to Venezuela.

[@ross-smithfamily6317]

On the *verge of being a failed state?* That's an understatement. They have LONG periods of electric blackouts, even in Caracas. Food is difficult to buy. Venezuelans are using US dollars if they can, because the bolivar is worth 35% less than a year ago. The people thought they were voting themselves a slice of the socialist pie, but they voted in an authoritarian regime instead. America & California, particularly... please learn this lesson in failed socialist policies.

[@sadjaxx]

Also, don't elect authoritarian narcissists (or is that redundant)?

[@spelunkerd]

It would be nice to understand more detail regarding what led Chevron to change its mind. A change of direction in two short years has to be a major, expensive mistake. With the drop in black market oil prices, Venezuela's usual pathway for oil export is suddenly much less attractive. Russia didn't collapse, and I suspect Venezuela won't, either.

[@stgravatt]

Now talk about how immigration (from Venezuela and elsewhere) effects societies, economies, policies, and public opinion.

[@seandelaney1700]

Crime is on the rise in SA countries that were formerly safe, it's really made things rough on its neighbors.

[@eamonhannon1103]

The people voted for a socialist nirvana . But this is the reality 6:20 of socialism !

[@francoislescour7179]

Dear mister Zeihan , welcome in our beautiful south of France . Guess you enjoy the "calanques" . But please make a visit too to "les quartiers nord de Marseille " to sharpen your analysis of what is going on in France .

[@AlfaGiuliaQV]

Another european here, what IS going on in France now? Have you suddenly turned far right/putinistas? (i´m thinking about the EU elections)

[@francoislescour7179]

@@AlfaGiuliaQV The Rassemblement National is not far-right , simply right , they want to stop immigration from Africa and Asia , which is very unpopular , France is heavily endebt financially , and immigrants in France do not have the same work ethic than the locals . Lots of them are a burden for the social services or have problems with justice and police. And not willing to integrate in France society , considering the locals as inferiors because they are non-muslims or do not are of the superior black race .

[@LashonDCampbell]

I enjoyed watching your video today You are amazing and I love your channel 🙌🏽

[@tiagoramalhais5493]

Ah, south American populism/socialism/communism/totalitarism at it's best

[@foregone_roulette]

Mexico should take notes, but I doubt anything will be learned unfortunately

[@psychicseahorse9222]

A lot of people here need to see at least a 10 minute documentary about venezuela and the reasons they are where they are today.

[@BOBO-so8rx]

The information in this video has been evident for years. Now that Peter has weighed in on this I would love him to read, the just published, IEA report on expected demand for oil in 2030. Peter has been saying for years that the "green revolution" is impossible. The IEA report states that the biggest problem facing the oil industry in 2030 is the largest oversupply of oil in 80+ years. Mainly brought about by the world switching to renewal forms of producing electricity from fossil fuels. I enjoy his presentations but we can't take his analysis at face value, we must think for ourselves.

[@JohnSmith-ti2kp]

@BOBO-so8x-- Let me guess, you are typing this from Fantasy Land, Disney World.

[@peterflohr7827]

@@JohnSmith-ti2kp So an IEA report belongs to Fantasy Land? Interesting.

[@kevinmiller39]

Same thing here in the states with those elections being free and fair. Who in their right mind would listen to the US about this? I wouldn’t

[@texomajohn2916]

This is what socialism does every time.

[@everythingisfine9988]

Norway, Finland, and Denmark are just a few socialist countries. Excuse me, wealthy, stable and high quality of life socialist countries. Now, what these countries are not, communist

[@donaldvanostrand4206]

All extreme governments fail their citizens.

[@mpat100]

Blessings and good luck and better economic conditions for Venezuelan citizens

[@egdccorp]

Just two points: 1. American inflation is not related to oil products. Inflation is always and at all times a monetary problem. 2. It's correct to say it's Chavez's/Maduro's fault, but it's dishonest not to mention the full context: "It's the fault of Chavez/Maduro's leftist policies."

[@puirYorick]

Corruption is not the exclusive domain of "leftist policies" around the globe. Blame the arsonists - not the kerosene-soaked rags.

[@bunnymud1972]

Who's gonna tell Sean Penn?

[@ChristopherMHeaps]

His employer, the CIA

[@philschiavone101]

This is so sad, I know a few people still in Venezuela that are trying to live in their country and still have some hope.

[@jonny-b4954]

We need to make sure all those people don't flock here.

[@ouimetco]

You’re kidding right?

[@doom4136]

I think a scary question is if there is a collapse who/what fills that power vacuum?

[@puirYorick]

Xi's CCP interests and/or poo-tin's mercenaries will recruit from the local thugs to become the defacto government. They each want a land base from which to attack America's mainland.

[@stevedavenport1202]

Gangs

[@Brohymn80]

Cocaine & heroin. Anyone who controls their growth and export. When Peter says 'don't buy cocaine' it's solid advice for several reasons, several of which are the people it supports.. ..including whomever comes to power & profits from a collapsing & collapsed state .. and keeping it collapsed.

[@IBDL_adventures]

It’s so hard for Zeihan to mention the words Socialism” and left Wing”. This whole video criticizing Venezuela and nowhere he mentions the real reason why Venezuela went to shit. The same as Cuba and Argentina… left wing, socialistic communist societies. He would never point that out and supports it here in the US

[@BRLaue]

Just like his video on the rise of the right in Europe. No mention of mass immigration.

[@stevekorinek6794]

When the Democrats endorse the most conservative and stringent immigration legislation and the Republicans shoot it down, that has been mentioned and reported on by Peter. Interesting to think how America could excel with a talent-first strategic immigration policy and reverse our lower birth-rate replacement trends. Wow, I guess I can be a Democrat and a conservative at the same time. Just not one for Trumpy the Orange Jesus...

[@jesusdesanto432]

I think he doesn't mention it because those words have very different meanings to different people. If he says socialism ruined Venezuela, does that mean social security? Public school? Medicare? So he instead talks about specific policies, like pre-selling oil, that ruined Venezuela. It's more useful and actionable information. And as for Peter supporting socialism in the US, he might support some socialist programs. However, going full communist requires authoritarianism (and slight amounts of brain damage), which Peter absolutely does not support. At least that's the vibe I get.

[@IBDL_adventures]

@@jesusdesanto432 LOL, my friend, he does this with every topic not only Venezuela. Venezuela was ruined by their "Socialism of the 21 century" not just mismanagement. He just commented on how the Right is rising in Europe and does not mention how the Left crazy immigration catastrophe. Zeihan is a well informed, well connected left leaning commentator. He should be more honest and point out the bad on both sides of the spectrum

[@jesusdesanto432]

@@IBDL_adventures I guess my point is that "socialism bad" is shallow analysis since there are working socialist policies all over (and plenty that are pants on head stupid). What matters a lot more is the specifically bad policies and not the thought terminating cliches.

[@gerardogamboaluces6786]

Greetings from Caracas!

[@heathermichael3987]

I thought it already collapsed.

[@heathermichael3987]

Watch Russia take them over and if Russia does it’s all the United States fault ,

[@ScentlessSun]

My aunt is from Venezuela. Sweetest lady. I know she misses home, but doesn’t want to live there anymore.

[@thetacokawaii5708]

Hi

[@ScentlessSun]

@@thetacokawaii5708 Hello

[@thetacokawaii5708]

@@ScentlessSun you're cute

[@ScentlessSun]

@@thetacokawaii5708 Thank you! 😊

[@dupree314]

Since when was Venezuela uncollapsed? News to me.

[@holysmoke7043]

Thank you.

[@Blackskies-b1z]

The green transition lol

[@fazdoll]

More like the green voters

[@toffeecrisp2146]

Worked with a lovely Venezuelan in London, she was intelligent and managed to get out not too long ago. She told me of life there and how bad the government and it's thugs were.

[@BrandyHeng007]

Venezuela joining BRICS. 👍

[@herickdeharo]

😂😂😂 now they gonna compite whit rusia for china market

[@BrandyHeng007]

Russia not worried , US is worried 😂

[@sadjaxx]

BRICS is still a thing?

[@666MaRius9991]

@@sadjaxx Not really 😂

[@dennisclapp7527]

Thanks Peter

[@DavidRamos-bs8zd]

The notion that socialism has nothing to do with Venezuelas demise is absurd

[@toncho8981]

@@EJH783 Scandinavia is not socialist. They do not have authoritarian governments.

[@jerryrichardson2799]

Thanks Peter, another report only you would do.

[@overworlder]

Stupidity is its own reward.

[@celdur4635]

We knew this in South America for years, but its good the rest of the world is getting to know this.

[@gregharrison3289]

Socialism for the Win!

[@Justmekpc]

Authoritarian rule you mean

[@gagamba9198]

@@Justmekpc I feel your cope, comrade. Authoritarian rule by socialists, you mean.

[@gottfriedheumesser1994]

Like Communism!

[@rothtiberiuscain7589]

Corruption not Socialism, lol

[@matthewkeating-od6rl]

Great vid

[@steviehandsome4712]

Lol Peter, come on. Venezuela has been a failed state for a looooong time.

[@kobusbadenhorst5825]

Peter, great post. Not sure if you will see this question, but it will be great if you do and can address it in a next post. I live in South Africa, and while we are not where Venezuela is, we are heading that way. My question is, other than famine and people leaving in droves, what happens when a state collapses. Will it break up into smaller, new independent states, where people tired of the political fascism just take a piece of the country and start doing their own thing? Without money, there is not much a failed state can do to stop this right? What are other dynamics that take place when a state fails, totally. Probably Russia and China would also want to stake a claim for themselves. Again, thank you for your posts - always very informative.

[@mdturnerinoz]

ISN'T SOCIALISM JUST GRAND???? EH????

[@helifanodobezanozi7689]

When paired with actual democracy, a la Scandinavia, yes! Any economic system, including capitalism, that is paired with a totalitarian government is doomed!!! Watch out for Felon/ president Chump America!!!!

[@whenwasnow6062]

Socialism is what was advertised, klepto-narco-anarquist-cracy is what was delivered. Before, democracy was the promo and klepto-crime-o-cracy plus some democracy was the status quo. 2nd was way better but your comment is misleading.

[@calronian]

Peter can you reveal to us what that dongle is hanging out the end of your phone (like, what brand and model)? Assuming it's either a mic or a camera + mic. Seems to work really well!

[@truthseeker6116]

Countries on verge of collapse but never quite going over the edge= Cuba, Iran, North Korea, Venezuela. I think we can add Russia to that list in the near future. Interesting video, thanks.

[@peterflohr7827]

How would that even look like, going over the edge? 100% starvation? 100% emigration?

[@rositasultana3958]

Maduro advised his own citizens to tighten their belts, literally. Does this count as starvation for your high standards 😂

[@peterflohr7827]

@@rositasultana3958 If you have no criterium, you can never say if it has gone over the edge or not.

[@truthseeker6116]

@@peterflohr7827 Some people are already starving in some of these countries. Over the edge means the total collapse of the governments that supposedly run them. Do you see?

[@truthseeker6116]

@@rositasultana3958 In North Korea people are already starving to death. Even with starvation and emigration, the governments are still in control. Over the edge would be the complete collapse of the regimes that run those countries, this would result in the inability of the regime to govern in any capacity. Do you understand?

[@joshuban]

0:24 the phrase you are looking for is "bolted down" I think

[@danieldpa8484]

"But this was not real communism - real communism was never tried...." - said no commie ever when a once rich country collapses because of communism....

[@dennisweidner288]

@danieldpa8484 Some 50 countries have tried communism with a range of different policies. All have failed. I suspect if another 50 countries try and fail, you will still hear, "But this was not real communism - real communism was never tried.."

[@vincem2759]

Playing devils advocate “real capitalism” has failed just as much. The majority of poor countries are capitalist.

[@kathryncolton4423]

I want to hear his take on South Africa. From what I’ve heard, the situation there is just as dire.

[@MelbaOzzie]

Yet, you go onto any college campus today and they will tell you all about how wonderful socialism is.

[@calc1657]

The collapse of Venezuela has nothing to do with socialism

[@DjDmt]

What we have now isn't working either..... Capitalism is just distribution to the wealthy

[@yoavmiller216]

​Ofcourse not. Nothing to do with socialism has anything to do with socialism.​@@calc1657

[@organicwest]

This is just greed at all costs

[@gagamba9198]

@@calc1657 Did it not seize the means of production? It has everything to do with socialism.

[@fauntlygarrido1678]

Talk about a dire outcome! 😮