Why Are People In Venezuela Starving (Hyperinflation Explained)?

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What is hyperinflation and what is causing Venezuelans to starve?
Venezuela’s economic crisis has made headlines all over the world for the past few years. Hunger is widespread there. Unable to afford the small amount of food available in supermarkets, many Venezuelans have resorted to eating garbage to survive. Even zoo animals in Venezuela are starving according to a report by the Daily Mail, and people have been breaking into zoos to eat them. A recent survey found that the “food crisis has also created an education crisis, as more than 1 million children no longer attend school, mostly due to hunger and a lack of public services.” Moises Rendon and Mark L. Schneider of the Center for Strategic & International Studies provide a bleak assessment of Venezuela’s current situation, saying the country is suffering “an unprecedented man-made humanitarian crisis.” They say Venezuela resembles “a country at .. and notes some of its major social problems, including “extreme food and medicine shortages,” “rampant crimes in every city,” “constant electric blackouts,” and “looting and repression.” When you see and hear these stories, you can’t help but wonder what went wrong. How could a country that was once one of the most affluent countries in South America reach such a sorry state? One source of the misery in Venezuela is its out-of-control inflation, which we will examine in this episode of The Infographics Show, “Venezuelan Hyperinflation Explained.”
Before we discuss Venezuelan hyperinflation, let’s begin with a discussion of what hyperinflation is in general. Simply put, hyperinflation is very high, rapid, and continuous inflation. In a hyperinflation situation, the prices of goods and services in an economy quickly rise to a level so high that they become difficult to afford for most people. While experts cannot agree what that exact level is, economist Michael K. Salemi states that hyperinflation is generally used to “describe episodes when the monthly inflation rate is greater than 50 percent.” He gives the example that “at a monthly rate of 50 percent, an item that cost $1 on January 1 would cost $130 on January 1 of the following year.”
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Sources for this episode:
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[@TheInfographicsShow]

For all Venezuelans who live(d) there - how bad is it on a day to day basis? Do you have faith that there will be a change or is exodus your only rescue?

[@martimfonseca5147]

😞

[@Santiago-nw2gj]

My family lived in constant fear of being killed, robbed and many other things, when we left a few years ago there was barely any food anywhere luckily my family had money so we could afford medicine and private education but living there is living in fear

[@asielmilian38]

The Infographics Show If I was rich I would give the people of Venezuela some food, cloths, medicine and all sorts of things they need to survive.

[@rayene0628]

Hi

[@Santiago-nw2gj]

Oh and emergency services took hours to respond

[@yeuhancalabio8904]

Remember kids if money can grow on trees its valuable as leafes

[@chaddwickg5276]

I like this!!!

[@strangelove2606]

This comment needs more likes!

[@jevster680]

Okay go buy your groceries with leafs then

[@swampymender4400]

@@jevster680 keyword : if

[@buckman5510]

That's a fantastic way of putting it

[@comfy88338]

Venezuela: *prints money* Germany: "Hey, I've seen this one, it's a classic!"

[@luke_sv6702]

Zimbabwe: "should i stop him? Naahhh"

[@chrismartinez8393]

We are next

[@ianeons9278]

@Chris Martinez You mean Venezuela will become a fascist country like what happened in Germany?

[@EstebanValdez]

US: Hold my beer 🍺

[@davonmulder8458]

Post war Hungary: "i think we al know where this is going"

[@dannyurdb8616]

Venezuelan here. I left 5 years ago because I got a job with Aramco in Saudi Arabia. For me the only choice would be to leave the country. This also allows me to support my parents and my young brother. As some many others, I left my family, my house, my car and my memories. A few people of my family had passed away (my grandmothers for example). The worst is not the jokes of the comment section or even the people who I met everywhere I go (now living in Cairo) who make fun meanwhile they ask me about the situation (sometimes daily), the worst thing is that you don’t know if you will be able to get back in order to hug your parents again.

[@PB-sz2lv]

I'm so sorry bro. I hope things get better for you.

[@The_RC]

Sorry to hear this.... cant even imagine what your feeling and going through.

[@galacticpresident-elect6059]

I’m very sorry.

[@mariaw9983]

Hope you earn and live a happy life . All the best for future . Greetings from UAE .

[@1joshjosh1]

Thank you for that story I read it. I truly hope that this country of yours and get back to being normal one day and things will be better.

[@addybesthugger]

I remember hiding in my closet every time I heard a bomb because we couldn’t watch out the window, also making sound with the utensils as a way of protesting without putting me in danger every time they cut the light for more than 24 hours AND WATER.. I remember having to follow a calendar my mom made based on at what time the water and light was cut before so I could TRY to do things before it happened.. I remember leaving family members in a big line just to buy ONE item and later finally get it 3 or more hours later; I remember hearing how people disappeared every week, about the inflation, being scared of going out after 8:00PM, etc... and even tho I could say I was not rich but more on the wealthy side, I had to experience these things and others, so it’s bad for everyone who goes there, DO NOT GO THERE. I hope u, reader, never experience anything so bad in your life, please value the things you have. I hope your life goes well💗 I’m glad I left.

[@LamechOgum]

Andy Dream Please never forget your country and people still need you. You can make that change

[@iteilejm]

@@LamechOgum Honest question. How will the Venezuelan diaspora change anything? Even if they wanted to. Without an all out civil war or coup, what course of action can they do? I hate to say this, but the US also has no business providing aid or backing any opposition. What they did in El Salvador, Nicaragua, & Guatemala in the 80s was not pretty & created bigger problems we're still facing today. Most people will say, we can't repeat those mistakes. I hope Venezuela can peacefully come back to finding democratic freedoms, but man is it in a hole.

[@sheev6952]

I’m also Venezuelan and can confirm, especially the March 2019 crisis. More than 5 days without electricity and I live in Maracaibo which is the most neglected big city in the country.

[@236_muhammadfadlirakananda2]

where did u move

[@abdulkaderajlani613]

It's exactly the same here in syria, we have entered hyperinflation this month with the currency losing half of its value in less than a month, it's miserable

[@rayschindler7451]

8:31, My girlfriend said her dad is a multimillionaire in Venezuela now I understood why she didn't have change for the popcorn.🤔

[@iosifhreceniuc5946]

🤣🤣🤣

[@ninaligason1307]

Poor girl tho 😔

[@austinserby219]

Hehe nice joke

[@DizzyedUpGirl]

In Zimbabwe, the kids just play with Million Z$ denomination notes. "Here's Z$10,000,000, go start a fire for warmth"

[@imsohandsome]

@@DizzyedUpGirl lol. But irl that's a messed up sitaution because money means bacon and a peaceful sleep

[@BloodandGuts333]

That's what socialism dose to a country

[@rndompersn3426]

ss3500560 Seems to be doing alright here in the UK.

[@chippypills]

@@rndompersn3426 The UK is social democratic, (capitalism with socialist reforms).

[@Picfifa11]

rndom persn I from Venezuela men there in the UK is not socialism because your country have the base of capitalism freedom of trade and private property

[@danisousa2611]

ss3500560 not socialism bro. In 2013 Venezuela's private PIB was around 70% of the total PIB. Even EEUU has a more important public sector than Venezuela i think it was around 50% of the total pib

[@noritsukenji]

Seems to be alright in Bolivia

[@anesumugiya1534]

Venezuela: I got a billion dollars Zimbabwe: Psh! I got a trillion dollars

[@rostamfarikhnehad6391]

Zimbabwe is reach country like Venezuela but their people are very poor

[@rostamfarikhnehad6391]

@hayool phazai coooll • 13years ago i said about wealth of country no about their government. Zimbabwe and Venezuela have oil, gas, gold and .....

[@elfrank333]

Dollars ? What you mean ? No body has that money in venezuela you, maibe you mean bolivares...

[@storageunit2683]

Dr Evil: "(I got) 1 billion fafillion kajillion shwebaleba-loo-illion..........yen"

[@fabmario]

You mean Bolívares

[@deadinsidemcgee411]

Lemme tell you something interesting, at restaurants they don’t have prices on the menu because the inflation rises so fast

[@whalewhalelookwhowehaveher1729]

Interesting

[@fabmario]

Or the prices are of dollars. Yep, the bolivares are very useless.

[@armandomendoza7371]

@@fabmario Mis lapices son mas valiosos que el bolivar

[@tibu_rl4663]

I dont think that prices will actually fit on the menu.

[@MrNicholasanzivino]

Can they go onto the U.S. dollar like Panama? Or go onto gold? Maybe after the current leadership ends. Alas.

[@atharvanigamvarmamm8183]

Why use toilet paper when the Venezuelan currency is cheaper. Sorry to all Venezuelans I hope you find new hope and hopefully you can live through all of da stress Go getem tigers

[@user-mq9yg5hs8b]

atharva Nigam Varma M m why use paper to begin with water is free

[@danaurora314]

Because money is unsanitary.

[@phannicide7761]

@@user-mq9yg5hs8b Pretty sure that there isn't water in Venezuel, either 😔

[@cfebres]

This is SO true...

[@Abelitro]

Your momma is cheaper than their curency

[@anthonykatsivalis224]

Venezuela: *prints more money* *Weimar Republic and Zimbabwe have entered the chat*

[@shadowsentry6507]

Underrated comment. True facts of human history

[@paddle_my_mad_laddle]

Post WW2 Hungary: "Finally, a worthy opponent!"

[@darthdarthbinkss]

Zimbabwe, where $500,000,000,000 isn't worth anything 😎

[@carved6749]

Anthony Katsivalis postww2 Hungary: Hold my hyperinflation

[@arjusarauis9901]

Ironic, Weimar Republic could have kept others away from inflations but not from itself.

[@JustQuacked]

I left Venezuela and went to the USA almost 8 years ago. Venezuela is such a beautiful and resource packed country. It is a shame what the “chavistas” did to the country 😔🇻🇪

[@LUOLMO]

This is what happens With socialist countries

[@evanjosue1]

bro here in the states we In the same boat. not much longer

[@Teleportcom]

Now the US 🇺🇸 is printing money 💰 like advertisements.

[@shaq9361]

this can't happen in the states ImPoSiBle

[@ronanconley2595]

@@shaq9361 it literally is

[@shaq9361]

@@ronanconley2595 i was being sarcastic...

[@julianamendez8591]

I believe we’re heading the same path as Venezuela.

[@jaelenroskowinski4298]

@@julianamendez8591 yeah and it’s all thanks to the Biden administration for destroying our country, gas prices and other things we’ve seen have gone up in price

[@user-mw1cm1kl3s]

Venezuela went into crisis the moment their Skillshare account expired. Coincidence? *I THINK NOT*

[@despapitoxaa6331]

I TOTALLY agree!

[@Angelina-yg6zr]

向你祖母問好 6666666

[@RajSankla123]

Hotel? Trivago

[@pangaea4737]

Can it, we didnt

[@dawnhope]

*Sir the economy's falling down* President Maduro: Then print more money, duh

[@canadiandeplorable6413]

AOC economics.

[@elcocaino8728]

@Nidhogg indeed they are🙃

[@moneyprintergobrr6501]

Jerome Powell and Donald Trump have entered the chat.

[@sensei8418]

President Maduro: i said you will be a millionaire not rich. socialism 101

[@matajuegosoriginal]

dictator*

[@thefractured_butwhole]

I was born in the States. My family is from Ecuador. I went to Ecuador in 2019 after my father died. While I was there I would have family members point out to me who was Venezuelan. It was surreal that this was happening. I was also told stories about my great aunt who went to Venezuela in the 1960s to find work.

[@jessec725]

Video: The very sad story of Venezuela Background Music: *epic batter music*

[@TheGo4live]

this country is ruled by a 10 years old child cmon who would print money to solve crises

[@jonsaltberry8167]

Almost every Latin American president does this.

[@preditor467]

What type of uneducated are you?

[@cjprophitt4199]

Post-WWI Germany

[@sashx05]

America does it all the time lol

[@sinau4417]

theres no other way

[@buster117]

7:00 Venezuela was rich in the 60s and 70s (shows dude with smartphone)

[@5k1nny_9en15]

brooooooo

[@user-er4nt4dp6q]

buster117 😂

[@i8-2much95]

buster117 if america takes the sanction off then Venezuela will be back to normality.

[@hankyfankyhh]

buster117 I was just reading this comment as he said it haha

[@aaronmarks9366]

Time travel confirmed

[@muneebbasit8519]

Deregulate the economy, open the trade, end the unfundable social programs, stop snatching private property and businesses. Let people run their economy the way the need and want.

[@RecklessFire29]

Or: Remove regulations that don't make sense/keep regulations that protect customers, open trade, roll back the social programs so they're a safety net and not a way of life, and stop snatching private property and businesses. Laissez-Faire Capitalism just leads to monopolies and rampant abuse of anyone not rich.

[@etiennelamole9565]

This was done in Russia though, and didn't lead to a great economy

[@ArturHedlund]

@@RecklessFire29 sicialism leads to Venezuela

[@danielcervantes4762]

Everywhere free market was introduced life got better

[@kassandramarie3789]

People in my country are fighting for the opposite of this and it is so awful it makes me sick

[@theclutchchannel9319]

"redistribute the wealth to the poor" Hmm. Sound familiar?

[@luiz918]

Make the rich poor, and the poor poorer. Except those people who work for the government.

[@Holamuybuenas13]

@@ThePastaNebula no

[@jacksmith787]

ThePastaNebula I think u meant socialism

[@Holamuybuenas13]

@@ThePastaNebula ok

[@Holamuybuenas13]

@@ThePastaNebula not really inequality doesn't mean poverty, for example chile having the most free market in South America has higher HDI than Venezuela and cuba together

[@alejandramarina4068]

As a Venezuelan I seriously appreciate this video. People should know what’s happening and how it happened.

[@TheKrazyk2010]

Im so sorry whats happened to your country and yet people want socialism to happen in America

[@ForgorenWolf]

Capitalism is destroying this country and Venezuela

[@andym28]

How come you still have internet access? Just curious.

[@orlandogarcia9648]

@@andym28 I answer that. It's funny but I see that many people say "If there is so much poverty, why do they have internet?" I explain, in Venezuela many services such as the internet, electricity and water are very cheap, or simply not paid ... Hyperinflation affects more food, real estate and other essential expenses to live

[@TheInfographicsShow]

Thank you for your feedback! 🙏

[@abdlhmdx]

Every Venezuelan person I met always talks about corruption when mentioning his country... always!

[@JuanSanchez-fc2pd]

Toya Todoroki it’s for a reason

[@jeremyroberts4391]

Men is true im venezuelian and i agree

[@kingkunta617]

I'm Venezuelan and I'm 100% agree.

[@MrCHINBAG]

Where they living in America when they talked about the corruption?

[@geheimeperson2102]

I'm German and this is 100% true.

[@bjack8315]

All these dudes talkin' bout' US sanctions, yet nobody mentions the incredible debt Venezuela has with China and Rusia, we're practically owned by Them. Keep talking about US imperialism while ignoring the other empires

[@eliza1826]

@@Dan_Caro Iran: Sanctions started 1979, 41 years later, still sanctioned. I'm sorry Venezuelans, but the government you have is what the government of the west wants for you. Its going to be a very long time before it gets "better".

[@aprilxhuang]

Yeah they should try starting to pay off their debt.

[@juliol527]

Venezuelan here, this is an excellent video. But frankly you can reduce it to one sentence "socialism, the ideology that always leads to misery to each and every country that has tried it without exception. Inb4: dur dur dur, denmark, switzerland.... Please see that even the prime minister of Denmark himself had to clarify directly that they have never been socialist and are far, far away from it, to say that they are socialist is nothing but such an absurd and meaningless lie full of misinformation.

[@tashioszlr2103]

And Switzerland is a free market economy, which allows them to fund social programs. The use a pure style of capitalism to build the economy and uses the money to fund sustainable social programs, thats not socialist nation. Im sorry your people had to go / is still going though this, no human deserves that kind of treatment

[@BallsItchRealBad]

Y'know they can't be biased, it wasn't socialism's fault, social programs aren't even technically part of the definition of socialism, it was their own monetary incompetence and favoring good appearance over actually doing what needs to be done that lead to failure

[@kurtpunchesthings2411]

@@BallsItchRealBad it wasn't reaaaaaaaal socialism

[@BallsItchRealBad]

@@kurtpunchesthings2411 correct, it wasn't

[@obviousgorilla124]

I agree… and to note: Switzerland is one of the most right wing countries in the world. And all of the Nordic countries are centre left wing, but have extremely influential and powerful right wing parties that stop the left wing ones from actually doing much.

[@XxIronBarxX]

Venezuela wouldn't be in this mess if they had just signed up for skillshare.

[@brokeindio5072]

XxIronBarxX Oof

[@olivtrees8749]

what is skillshare?

[@feudallord2467]

Lol

[@XxIronBarxX]

@RafaelAngel2004 Skillshare existe ahora mi amigo. Solo estaba tratando de señalar cómo este video parece estar empujando esta basura de habilidad compartida. Me pareció insultante vender un sitio web como skillshare mientras hablaba de la difícil situación de su país.

[@emanuelb.2559]

Yos

[@ven5707]

Venezuela: Prints more money Well bois we did it. Inflation is no more.

[@ashokkumarsaxena7867]

Hyperinflation : has joined the chat

[@chocho6766]

modern problem need modern solution

[@barberwinning]

America literally prints money for 97% of the world.

[@psygnozis]

USA impose sanctions on Venezuela. Also USA: why are you poor Venezuela?

[@promethium-145]

@@psygnozis The sanctions are NOT the main reason for Venezuela being poor. The two main reasons are: 1. Oil prices declining, which lead to brutal economic downturn, and welfare programs being harder to fund. 2. Currency is printed so often, that it's made worthless. The more currency in circulation, the less valuable each unit is. Also, as Venezuela was socialist, it consumed far more money than it generated. So when the oil money declined, their economy spiraled out of control rapidly.

[@Starterpack8811]

In Venezuela people be like: Im finally billionaire, now i can buy bread !

[@chillvibed]

😂

[@DaArcaneNinja]

Sounds like someone needs to take a class in Economics and some German history post-WW II

[@samohta7090]

Post-WW2-Germany was the Marshall-Plan, which was backed by the US. In my understanding this has also been a tool to strengthen Western Europe againt the Communists. So some other prerequisites here.

[@Yoyle-jq9ul]

You know your country’s doomed when people are making purses/bags out of the currency

[@pangaea4737]

Can it

[@jasonpeterson5606]

Yes, unless USA intervened and helps little sibling Venezuela out there is a solution. Otherwise, Venezuela will crumble.

[@keinlieb3818]

@@jasonpeterson5606 yeah, Venezuela is on it's own at the moment. The US can't just go in and remove the government and install a new government. Remember, if the US jumps in to replace the government, Venezuela has a treaty with 10 other south American countries to step in and help them out so it would turn into the US vs South America plus anyone else who would love a shot at the US to possibly include China (a fellow socialist country) North Korea, Russia, etc.

[@alanmartinez9225]

So are we our paper worthless fiat money it will soon collapse and soon you all would be eating your own mother

[@keinlieb3818]

@@alanmartinez9225 you might eat your own mother, but I'd die to ensure my mother could live.

[@ZhouMama69420]

Why did Venezuela's economy collapse? Because they didn't use Skillshare.

[@tinatify795]

Haha

[@jsg5646]

Chill lmao

[@aniketjaiswal3147]

Love Venezuela from India

[@chestermabanag8590]

😂

[@akeiai]

*Skillshare is an online skill sharing site*

[@Diegosaurio]

7:00 They were so rich that they already had smartphones on the 70s!

[@yasnie123]

Its a clutch

[@ArturHedlund]

They were the riches country in south america before socialism

[@ArturHedlund]

@Parthiv Rajesh neve r did i have trashed it in every comment

[@666m111]

@@ArturHedlund that doesn't say much though, South America has not been rich since the Spanish took most of their silver and gold. It's like saying Egypt is the richest country in Africa.... (I don't know if it is, I'm just making an example)

[@ArturHedlund]

@@666m111 well it says a lot. It says that it is doing something better then the other countries and that is capatalism. It may not be richer then usa but is is richer then veneuzela and others. Do u undersrand maybe

[@ReeceMarshallPersonal]

My heart goes out to all the people in Venezuela struggling right now 🇻🇪 ♥️

[@EnheTook50Benadryl]

Thanks!

[@Kaythakilla]

I’m from Zimbabwe and was present for our record hyperinflation period. The measures that Maduro plans are not going to help the nation, we embarked on two of the three to no avail. We are currently going into another period of hyperinflation which is much more complex than the last. I feel for Venezuela.

[@user-mw1cm1kl3s]

- Rely on just one product - Blame the US when it doesn't work out 😂😂😂

[@user-mw1cm1kl3s]

@MiG-23 Isn't it ironic you are the one barking ? Read your own comment!

[@vsg5549]

I mean it largest reserve in the world and because of us sanctions they supply america but cant get their money out of the us banks

[@fod1202]

Economic sanctions have nothing to do with economic problems. What?

[@noice2606]

MiG-23 what do dogs have to do with this?

[@Nathangoldstein2]

@@fod1202 Sanctioning government officials does not create economic problems

[@xXVenezuelaXx]

Is incredible how it has changed, markets in venezuela are full but nobody can buy the food.

[@cloudly_the_cloud1661]

Im a Venezuelan here, came to the US almost 7 years ago because of the oppression and the downfall of the country, still waiting in exile to see my family and hoping with all of my heart to see my beautiful country again but this time under no dictatorship just like the old times

[@alvarozumbaproano2470]

I am from Ecuador bro, in my country we all hope someday Venezuela can recover

[@cloudly_the_cloud1661]

@@alvarozumbaproano2470 thank you :)

[@jasonhope8099]

Any advice for Americans who are about to be in the same boat?

[@cloudly_the_cloud1661]

@@jasonhope8099 compared to the situation in my country I don’t think the United States will ever get this bad, they have a huge respect for the constitution unlike in my country where the dictator changed it and made his own

[@jesusparramar4818]

Another Venezuelan here. I escaped from that disaster 2 years ago and the situation is worse than the one you discrive. It's not only that the new economic politics doesn't work, but also that the incompetence and corruption level of the politicians are way to high. The other thing is the last study shows that at least 5 million Venezuelans have left the country, 1 million are in Colombia and other million between Peru, United States , and Spain.

[@SlashinatorZ]

Can you say anything to the Amurican Trumptards who are weaponizing your country against all types of Progressives here? They support installing Goldman Sachs bankers & warmongering Neocons in government. Keeping us in endless wars, beefing up the police state, continuing the failed war on drugs, etc & tons of other terrible policies. Then any politician who isnt sponsored by corporate money is smeared as wanting to turn us into Venezuela

[@jesusparramar4818]

@@SlashinatorZ I can only speak for what I saw. I never saw an American person before I move to another country... Instead I saw carrupted government people EVERYWHERE, I saw their mansions, cars, luxuries, all buyed from the people's money, couse they were so poor before they came to power... So no. I don't blame any foreign force or CIA, or trump, I blame the idiots and incompetent people that took the power of my country....

[@ultimatestoryteller]

@@jesusparramar4818 you are a brave man. I hope the situation gets better in your home nation soon and you do return to Venezuela one day.

[@ianthecoolthief6226]

Fun Fact: "Maduro" is a real Spanish word used to describe something that is ripe.

It can also mean simply mature. Mature person or "ripe" fruit.

[@Rodmc-ty2bi]

I'm Venezuelan and i approve this message

[@nicolasjamo]

In Colombia, there's a parody news channel full of puppets. For the Nicolas Maduro puppet, they have a banana with a mustache. It's a play on Platano Maduro, which means Ripe Plantain or Ripe Banana

[@ianthecoolthief6226]

*Platano Maduro*

[@megaton6023]

Or Mature

[@doggoboi5538]

2:13 Jesus Christ, why is that boy so happy about hyperinflation

[@roburrito.]

Because money

[@ididntmeantoshootthatvietn5012]

Because he know his father is gonna be a billionaire

[@MrSirFluffy]

He had high debts :)

[@austin16377]

Look, this boy hates eating vegetables. So when he saw the prices of the vegetables on the board, he smiled.

[@rostamfarikhnehad6391]

Jesus Christ 🤣🤣🤣

[@1911dawg]

There is a saying, Give a desert socialism, eventually you will run out of sand.

[@billyallen4228]

Socialism is when 70% private economy

[@sebastianbocanegra7420]

@@billyallen4228 that's the problem with socialist Goverments in South America, they still manage to F up the situation somehow, just check out Brasil and Argentina, Socialism is a cancer here.

[@turothecreator3067]

@@sebastianbocanegra7420 Socialism is cancer everywhere always*

[@5000cz]

Did someone say oil?!?! *american anthem starts playing*

[@ryuhadouken1404]

Talivus nice generic analysis kid.

[@swayjacob7778]

Talivus were the number one oil producer!

[@5000cz]

@@swayjacob7778 so? That doesn't mean America has ALL the oil in the world. That means there are other nations that produce oil and that's not acceptable.

[@ryuhadouken1404]

Nice, regurgitated answer. It's much more intricate than that.

[@angerberd7829]

Knew it

[@Nathan-jh1ho]

How to solve income inequality? Make everyone a billionaire.

[@hotspothawkins6453]

If there is any excess within any given system, the only way to truly make everyone equal is to remove the excess but then everyone's worse off than before. You hit the nail on the head from those that have everything more will be given and those who have nothing everything will be taken Mathews law and the pareto distribution

[@eness379]

then there will be trilleonaires

[@galacticpresident-elect6059]

@@hotspothawkins6453 forced equity never works.

[@galacticpresident-elect6059]

Touché!

[@hotspothawkins6453]

@@galacticpresident-elect6059 that’s my point. You missed my point.

[@ivanvasilko3759]

a similar thing happened in Belarus in the 2000s i grew up there, i remember my dad coming home carrying a bag of cash at the end of every month.

[@dianafigueredo8994]

This is a video that every person needs to see when they ask an inmigrant what's happening

[@alcidesyfedra1381]

I'm from Venezuela, and I still live here, somehow trying to avoid most of the HUGE crisis problems. Totally agree with this video, in case you think it can't be so bad, well... for millions of Venezuelans, it's worse. They are not even mentioning the govt here is involved in other activities such as drugs trafficking and illegal mining.

[@Py16777216]

Facinating, I live in New Richmond WI US. I'm so sorry for your countries situation and I have a few questions. How is anyone working or getting paid? Is it total pandamonium in the streets with militia keeping some symbalence of gang peace around the wealthy? Are Government workers and police getting paid with food? And how are wages keeping up with the inflation? Are supermarkets even opening anymore? Do you think that the presidents plan to stabilize the currency will work, or do you foresee a takeover or massive bailout from a neighboring/forign regime if the government collapses?

[@ericdarden2751]

You guys kept electing Chavez. You got what you voted for. All you had to do was look at what happened to other countries that implemented the kind of policies that Chavez was advocating for.

[@alcidesyfedra1381]

@@Py16777216 wow, so many questions... I'll try to answer as much as I can: how is people getting paid? The govt rises the minimum wage every let's say 2 months, and it goes to something around 25-30$ but in a few weeks the purchase power of that wage goes to around 10$/month... It's unbelievable but some people manages it to survive with that, some employers give foods bags weekly to their workers so they don't walk away, sometimes a pack of 30 eggs every Friday is enough. But you see for eg how schools are losing their best teachers, they just go to do anything in Colombia or Ecuador. Other options are: some people work as freelancers and get paid in $ (PayPal or crypto) and earning around 100$ a month is a little bit better (but not enough), a few make around 300$ (which is the minimum wage in the region) and its ok, it's fair to mention that 300$ is enough because it's used mainly to buy groceries, gas is free, you fill a sedan 10 gals tank with less than 0.01$ so basically its free (and that's another huge mistake the govt does, but you realize there's no mistake, they like chaos it's part of the plan). The same happens with electricity, water and domestic gas, the payment hasn't changed in 2 years (in a country where the inflation rate is around 3 to 5% daily, imagine how ridiculous is the bill you can pay a year of all the domestic services with just 1$, but guess what? If something breaks, you must fix it yourself, the companies are state owned and don't even have tools to work with). If I think the govt has a plan? The sad true is: this mess is part of their plan. Complicated, yes. Hope is the last thing you lose. Many of my friends, relatives, people I studied with already left the country... I want to stay and see what happens, if a miracle happens, maybe someone get rid of them, but I'm losing my faith... If I think there could be a coup or something? Maybe. Who knows? But we don't know if the outcomes will be better or worse. I have instagram, we could talk better that way: alcidesyfedra

[@alcidesyfedra1381]

@@ericdarden2751 don't do that, I'm 32 years old, when chavez was elected I was 12. When he was re-elected by referendum I was 15... Come on. Then he corrupted the system to virtually never lose. How is this my fault?

[@ThisIsTheSan]

why the same crisis didn't happen to other oil exporters countries? seems to me that be an US bitch could prevent it.

[@Jameel_Ali]

I'm a Trinibagonian, Venezuela is my country's neighbour, we get a ton of Venezuelans illegally coming in through Cedros, a town in southwest Trinidad. When I heard our side of this, I thought they should stay in Venezuela and thought bad of them but now I see their side and I want to help them proper in their new life, there is now starting to be a small, unofficial venezuelan minority in Trinidad and Tobago. I now hope for their greedy overlord to fall out of position and a new, better leader to step in and help. 🇹🇹🇻🇪 Best Regards to all Venezuelans and The Infographics Show ~Jameel Ali

[@ismaelsantos5378]

Beware of charity and kindness, lest you do more harm with open hands than with a clenched fist. No monarch can endure a complete population revolt. They did this to themselves. Cold, Harsh, but that's the truth. I would rather have them stay, slay the corrupt overlords and start from scratch. Many will die, but the ones that survive will be stronger, if not in economy, at least in spirit.

[@Jameel_Ali]

Even then, they still need help, it's like saying you made yourself land in conflict yet you don't want me to help you get out of it.

[@ismaelsantos5378]

@@Jameel_Ali I agree. I'm not saying they don't need help. But one must be wary of not overdoing it, otherwise they will be weak forever. They can and should receive some help, but they should also be allowed to stand back on their own too.

[@Jameel_Ali]

@@Liradu2 Exactly

[@discovaria9507]

@@Liradu2 bruh just invade venezuela as iraq

[@2005RavenR6]

What's great is we all know this about Venezuela, yet 60+million in the USA will vote for these policies in November.

[@olliedwards8069]

Wtf? You seriously think Joe Biden’s policies are like Venezuela?

[@kurtpunchesthings2411]

@@olliedwards8069 not that bad but if not checked it will lead to this one day

[@somebodywithoutaname1202]

Venezuela: We have the largest oil reserves in the world! the USA: Is for me?

[@abdul-sadiqellams2978]

Venezuelan oil is nationalized

[@waylondaly7629]

@@abdul-sadiqellams2978 your not understanding what he's trying to say. The USA strips other nations of their natural resources

[@mattmiller2842]

@@waylondaly7629 when has the US ever done that?

[@waylondaly7629]

@@mattmiller2842 the US is actually currently doing that in the middle east. That's why we still have troops over there, plus countless other times

[@mattmiller2842]

@@waylondaly7629 Yeah no. The reason why we have troops in the middle east is because we were invited in by the country.

[@Cristobal_Ygnacio_Arriaga]

I’m from Venezuela and I really appreciate this video. For all those people who think socialism is good you don’t have a GOD DANM idea of what the hell are you talking about.

[@SlashinatorZ]

People who think Trump's presidency is good don't know what the hell they're talkin about

[@Cristobal_Ygnacio_Arriaga]

Darth Vegeta are you alright?

[@shauncameron8390]

@@Cristobal_Ygnacio_Arriaga Don't mind him. He's a Hillary-voter still bitter over 2016.

[@texasgun2731]

Cristobal, you have no idea what youre talking about. Only the wealthy white hipsters from seattle are experts on socialism

[@ricoman486]

Oh look at that, when a Venezuelan comments about socialism nobody tries to correct them; how weird

[@round5soundsfetchmetheirso827]

The entire county of Venezuela is playing Don't Starve Together

[@igordepaulo1061]

You deserve a medal, sir

[@pangaea4737]

Shut up, play that game.

[@pangaea4737]

@@igordepaulo1061 EXCUSE ME? our freaking country is real and I'd take that medal to packing my punch at your face.

[@ericanulph1980]

I'm surprised there hasn't been a Live Aid concert yet

[@pearljaime2]

Maduro is not playing tho.

[@Kudejo]

videos like this make me happy that Nigeria has greatly reduced its dependence on oil due to the programs enacted by the current president

[@unlockedaccount]

did we?

[@TimeTraveller390]

Lets Everyone Pray for Venezuela. Love Venezuela from Nepal.

[@colby9743]

Pray for America as well please. It's already happening here.

[@bertaroo]

@@colby9743 I don’t think the USA will become like Venezuela

[@mikeroger1334]

I like how you are trying not to say Socialism.

[@RedLeader327]

Eric Scheffler Because it’s not socialism that’s the problem.

[@SlashinatorZ]

America has socialism for the rich

[@mikeroger1334]

@@SlashinatorZ I see what you mean.

[@mikeroger1334]

Love everyone's profile pic here.

[@mikeroger1334]

@Shwagg Krumb Yea like Venezuela. Am I right?

[@loganb7059]

1: Rely on a single product 2: Implement some socialist programs 3: Product loses value at some point 4: Implement more socialist programs 5: Favor political loyalty over competence and place incompetent cronies in positions that require competent people

[@winterbliss4459]

Logan Bedenis 6: ?????? 7: *PROFIT!*

[@someguyonyt2831]

Thailand before the coup in a nutshell.

[@gogogadget1855]

@@someguyonyt2831 Really what's Thailand's single product then?

[@BallsItchRealBad]

6: be used by anyone to the right of Reagan as an argument to shut down even the mildest argument to the left of Reagan, despite your failure being due to overrelying on oil and general incompetence

[@bobbowie9350]

Real reason. USA

[@Hihi-zk3pc]

I only lived in venezuela when i was 1-7 years old (im currently 11) but even though i didn't understand how bad it really was i knew it was terrible and im really glad we got out of there.... Though my aunt still lives there...

[@lashaunhill3031]

I'm glad your living a better life

[@Erc294]

Now you are a fellow Kokomi main

[@amongusfan3240]

Venezueala:Prints Money Devaluation:Allow us to introduce ourselves

[@DanielAbasali]

I’m Venezuelan Living in Australia. MALDITO MADUROOOOOOOO

[@alifizharulhaq3370]

Australia doesn't exist

[@a.demifemiflapo5795]

@@alifizharulhaq3370 It is a conspiracy by the government? 😱

[@alexanderwaage2831]

Abasali venezolano en islandia

[@imaginethisisagoodname4368]

I’m Venezuelan-Lebanese living in Lebanon

[@imaginethisisagoodname4368]

America is getting Venezuela a new government

[@rea8585]

Good luck Venezuela, hope you get better!

[@El1as--]

Thanks xD

[@itsthesameday2857]

@@El1as-- is it true what the video says?

[@mike8th411]

It's The Same Day its worse my man. A bottle of water costs the same than the average minimum daily income which is what everyone is being paid due to corruption. The government takes away industries and destroys them. The video does not say half of the crap that goes down there.

[@diegomontilla1029]

@@itsthesameday2857 yes

[@Picfifa11]

It's The Same Day yes men it’s fucked up

[@balloonguy2779]

Chavez was elected at the end of 1998- i was living there when he got elected.

[@236_muhammadfadlirakananda2]

are you still in venezuela now

[@Leguan-tj9uj]

Venezuela: Starving US and Euro Leftists: We want that, too.

[@elblanco7741]

Nice strawman.

[@Leguan-tj9uj]

@@elblanco7741 But you know that Venezuela is socialist?

[@Leguan-tj9uj]

@Niek Vels And should't you be breaking windows of small business owners' shops in order to set them ablaze and throwing molotov-cocktails on squad cars while screeching "Black lives matter"? All that in the name of a drug-infested habitual criminal.

[@Leguan-tj9uj]

@Niek Vels Now you are complaining that I would force you to make a decision between two extrema but in your first comment you implied that everyone who is against the insanity of socialism is automatically a Trump-Supporter killing police officers. That sais more about you than you would want it to.

[@Leguan-tj9uj]

@Niek Vels "In case you didn't notice: Trump's regime has been more deadly than World War 2, with well over 420.000 Americans dead as a result, as opposed to 407K for WW2." - Have you read that in the Marxist Observer or in the Mickey Mouse Magazine?

[@FlakkerDPS]

As a venezuelan you got almost everything right, but i feel like you gave kind of a pass to chavez Yes, he made many programs that were succesful but that was because of the high oil prices, as you stated. But still, when the part of economic missmanagement came thats where i feel like you gave him that pass, chavez also had no idea what he was doing with the economy and he was as bad as maduro except maduro is less charismatic. The venezuelan crisis started with chavez, he was just lucky to die before it went mainstream so everyone would blame maduro and his legacy would remain untouched. And you missed 2 key words in your video and i really don't know why many channels trying to explain the crisis avoid them so much, allow me to write them down for you: C O M M U N I S M and S O C I A L I S M You're welcome!

[@FlakkerDPS]

@Provocateur nah man we need to insert africans, they clearly know better about how to maintain a continent amirite?

[@michaelregis1015]

DankScoobIsGood I am also Trinidadian and he is right.

[@michaelregis1015]

Int-Ra your joke fell flat on its face right there.

[@dhv2852]

Int-Ra reproduce like bunnies and the ones who survive become alphas

[@BlazingSpeed]

@Int-Ra using those two words will get your videos demonetized by youtube just like putting MGTOW in your video titles.

[@juanvillegas8377]

Thank you guys for explaining this so well. In our history class we’re talking about Venezuela and we have a project having to explain this. Hope Venezuela gets better 🙏🏼🙏🏼

[@kervonfarley1332]

I have a few close friends from Venezuela 🇻🇪. They tell how it was there and they left to the United States 🇺🇸 a few years ago. I am from Barbados 🇧🇧. I remember growing up Venezuela 🇻🇪 was going good. Every one from the near by countries was going over from Colombia 🇨🇴, Trinidad 🇹🇹 and Guyana 🇬🇾 too. I have family members in Trinidad 🇹🇹 and Guyana 🇬🇾 who have have oil but the countries are run differently. I have friends from Colombia 🇨🇴 too. I pray 🙏🏻 for the people in Venezuela 🇻🇪. I love and care for them. Because I am close with them.

[@dekubravo1128]

Venezuela be like: ima print money like no other Usa be like : burrrh hold my beer

[@kolonarulez5222]

I read about a Venezuelan family who had a single mango tree and had to keep it guarded with guns at all times so others wouldn't steal fruit. That's when you know you're struggling.

[@BaroqahPrasetyoM]

I write about economical content, got frustrated by this topics and then this video shows up around the 8th or 9th row of my youtube search can't thank you enough!

[@jaycho6747]

Wow, and oil hit $0 per barrel just a month ago... (In mid-early 2020)

[@roburrito.]

That's just.........stupeed

[@HDInstrumental1]

Not ONCE in this entire video was the word 'socialism' spoken. Not. Even. Once.

[@orlandocarrillo7132]

Because Venezuela is not socialist. They just have a bunch of ignorant thieves in the government that pretend to be socialists. What would you get if you put a bus driver like Maduro in the power that also had links to big corruption gangs? Well, certainly not a brilliant future. When capitalism fails or doesnt work so well, crooks like Chavez use the maxims of communism or socialism because they sound good and fair to the masses and when they get to the power they indeed, give away some money and free things to the poor so they stay there. But what these criminals have stolen is 100 times more than what they have given. It will be a never ending cycle. Next, after Maduro, a right wing candidate will come in place and if things dont work out, in 30 years again the left (far or moderate, depending on how bad was it) will rule and so on and so forth.

[@Danilego]

Yeah, he focused on just one of the consequences of socialism - hyperinflation (caused by the state printing money)

[@chupamishuevos303]

@@Danilego is more complicated then that idiot

[@andrewcox3986]

Look at 3:42 same idea. Chavez always praised himself for making Venezuela a SOCIALIST nation. How do I know that? I'm from there.

[@blueuclabag]

That's because socialism did not cause Venezuela's crisis.

[@Some_Asshole_On_The_Internet]

“The problem in Venezuela is not that socialism has been poorly implemented, but that socialism has been faithfully implemented.”

[@JoshuaParkk]

That's a good quote. Who said that?

[@GabrielSparkletits]

@@JoshuaParkk An idiot who doesn't realize that Venezuela is 70% capitalistic.

[@GnarledSage]

@GabrielSparkleti And you are 100% stupid 😂

[@jaketapper45]

The problem with Capitalism. Cpitcapitalism is the idea of using currency for goods and services nothing more. Capitalism creates competition that benefits both consumer and the employer. So when you are at a market you can choose the best product that fits your budget. Often people will choose the more inexpensive products that does the same thing as it's more expensive competitors. Employers (Capitalist) do the same thing when it comes to purchasing labor (employees). Why pay $33 dollars an hour plus benefits in United States . When you can pay $3 an hour in Mexico with no benefits (GMC) . Capitalism is a race to the bottom. The employee that is willing to do the same work for less pay and benefits . Wins the employer purchase. In competition or in this case capitalism their is only one winner. It is why every major corporation in United States from Pharmaceuticals weapons contractors Amazon agriculture. All receive corporate welfare in some form or another to keep their businesses going. Socialism always has to save capitalism from its inadequacies. The capitalist are about to shit the bed. The first thing a capitalist does after they crash the economy is ask for a taxes payer bailout. You know socialism! Socialism is the only reason why capitalism exist today. There is not one transnational Corporation in the world that doesn't receive some sort of welfare.

[@georgeromo3506]

@@jaketapper45 socialism does not save capitalism. Socialism saves failing businesses from being devoured by capitalism. In a true capitalist Market when those big companies crash they get bought up by other companies and that's the end of the story. However the government AKA socialism besides that certain companies are too big to fail so instead of capitalism naturally cleaning up after itself the failing business gets a second chance. The economy goes for a tailspin either way but in capitalism the CEOs go as broke as the janitors and in socialism the janitors lose their pensions and the CEOs lose their expense accounts.

[@prettysweetlimegreen8481]

Orando para mi Venezuela amada! Con amor, de Las Bahamas💖🙏🏿

[@colby9743]

It's already happening here in Los Angeles. An Ice coffee from my local moms and pop's went from $2.75 to $8.00. Groceries meat and poultry went up about 40%. Every other day the prices continue to grow higher.

[@richardstarkey2247]

It’s almost like a government controlled economy is bad or something 🤔

[@comradeofthebalance3147]

lothaw It really just depends on the Quality of who is in Government.

[@JPodMx]

Their economy isn't controlled by their own government though, its being sabotaged by the US government over Oil rights.

[@95nicnacs]

@@comradeofthebalance3147 History shows us that it really doesn't. It always leads to millions of dead bodies.

[@michaellewis6942]

Or the sanctions are doing exactly what sanctions are designed to do, destroy their economy.

[@kevinhasch3097]

@@JPodMx And what is your evidence?

[@noangles1564]

"But, but it's not real socialism!" Says the same people who praised it for socialism just a few years ago

[@burningknight7]

if you think autocracy is socialism , then you are the real idiot here.

[@nielsdejong]

You idiots were calling it “an example of how socialism can work”, up until it didn’t work >.>

[@burningknight7]

first of all, nobody wants socialism in its purest form at all. when someone talks about socialism they usually mean democratic socialism which is basically a capitalistic country with a focus on some social welfare programs. just like Denmark, Sweden, Norway, etc. Venezuela didn't really have socialism but a combination of totalitarianism and poorly planned social programs. you can't just keep putting money into welfare programs without having fiscal discipline. their government failed not democratic socialism.

[@noangles1564]

@@burningknight7 and how is Democratic socialism working out for Europe right now. Pretty poorly by looks of things? Still I'm pointing out the regressive left praise Venezuela for socialism only for it to fail and now crying "it's not real socialism" now it gone to the gutter

[@burningknight7]

I don't know which idiot leftie gave you venezuela as a working model of socialism but nobody ever considered venezuela to be socialistic even when chavez was the head. plus democratic socialism is working very well for Europe. look at the gdp of all Scandinavian countries.

[@Matthew-qx3dh]

Imagine having Robux be worth more than your country’s own currency

[@Leaky9ine]

Yeah

[@africanofalltime]

Oof...

[@sheilal.7284]

I want to hear from the people of Venezuela. How can we help while we still can? We are traveling down the same road

[@MRROCKMAST]

I lived in Venezuela for 18 years and I had to escape from my country, people blaming United States are clueless

[@Me.584]

We (Venezuelans needs to spread the right information) it's our duty to all dead people this "system" caused. I am still here and it's insane

[@andresvillanueva5421]

@@Me.584 I wish you the best, Venezolano! I hope your country recovers from this hot mess soon.

[@miguelcontrerasjr.2785]

"Escape". What did you escape? Bullets, K-9 units, and minefields? LOL. All you had to do was buy a ticket and board a plane to leave Venezuela to "escape".

[@miguelcontrerasjr.2785]

@Food for thought If he "escaped", I'm pretty much sure Shell or whatever corporation wants their oil paid for it in US dollars.

[@sofiagodoy2133]

Same dude all my family is still over there starving and we have no money to help, it tears you into pieces

[@bbbbainzzzz7300]

SOCIALISM! LOL didn’t hear that word once in this video.. say’s a lot

[@spyne.98]

BBBBAINZZZZ yeah. Gotta stay ""unbiased"" (as if not denying facts is biased)

[@beechcraftkingair3799]

Michael Murphy sanctions on officials don’t do anything buddy.

[@SkepticalChris]

They didn't mention it, because the economic collapse of Venezuela has a lot more to do than Socialism. Its not a 1 word answer to a 1 word problem. The collapse is complicated.

[@user-jc1kq1qb5j]

@@SkepticalChris yes,but it is important enough to mention in such a video...

[@FakeAssHandsomeMcGee_]

It is not that. I am sure a country with intelligent people in charge can pull off socialism...somewhat.

[@jravage77]

IT'S CALLED SOCIALISM! Say it!

[@emilien3835]

really nice video thanks from france

[@Reagism]

Great video, most of the broad issues are captured. A point omitted, however, is the massive currency black market induced by the monetary peg and restricted access to foreign currencies (dollars in particular) as per government policies. The pressure of the demand drove the black market prices to skyrocket which only worsened the inflation. Prices in shops soon became tied to the black market rates rather than the official rate as most products were imported and therefore paid for in dollars. Otherwise, good stuff as always!

[@TheInfographicsShow]

Thank you! ♥

[@JohnDoe-om5ho]

How could venezualins afford internet to respond to the question if they can barely afford food?

[@kaiserwigglesiii2369]

Also the fact that Runescape gold was worth more, so Venezuelans would farm runescape gold and sell it to feed their families. It got so big that most servers had many Venezuelans blocking players from getting stuff, so players started a Venezuelan genocide within the game. Crazy shit.

[@L16htW4rr10r]

@@kaiserwigglesiii2369 Wow... Using game to get money? That's creative.

[@yurikovRUKR762]

Hiya we need to help them I dislike the starvation

[@MK-kz9pp]

Notice how this video never said socialism or communism....?

[@aaaa-wp7xk]

Infographics also heavily supports the EU, no shock there. Wouldn't be surprised if he's some socialist silicon valley lib, he sure presents that bias in his videos :\

[@orlandocarrillo7132]

Because they are not. Maduro and his gang of illitetates have no other ideology than robbing and looting. They would have equally said they are capitalists if that allowed them to win the elections.

[@alejandro3702]

@@aaaa-wp7xk You understand that socialists don't support the EU right?

[@alejandro3702]

@@VeritasOmniaVincit176 Fidel was not a billionaire wtf. I'd love to see a source for that.

[@billybadass8690]

Rodolfo Barros Mao used to wear the same suit every day because he didn’t want to use government funds to pay for laundry or new clothing.

[@theequestrianhound2132]

US when they find out Venezuela has oil: Pack your things, we're leaving.

[@ouss]

NO its socialismo

[@Nik-xi2ri]

Pack your things, *you're* leaving

[@fabmario]

Well no more, thanks to covid and quarantine now it's very hard to get oil, you can easily wait up to 8 hours to fill your car.

[@0knothing443]

Russia: _"im gonna stop you right there"_

[@JohnBrownsArmory]

It's hard to believe people can see this and them demand similar programs here in the United States

[@Holamuybuenas13]

In Spain we proposed the same economic measures and we reached 32% unemployment

[@dexterjettster8875]

@@Holamuybuenas13 yeh, and people are STILL trying it.

[@Holamuybuenas13]

@@dexterjettster8875 the funny part is that they got elected again and we are the country in Europe with more deaths.

[@SlashinatorZ]

Cant believe amuricans dont realize we've had socialism for the rich for decades, & only increasing overtime

[@dexterjettster8875]

​@@SlashinatorZ That isn't the definition of socialism that anyone in the entire world uses.

[@jbelich]

ASTONISHING you managed to make this entire video without using the word S O C I A L I S M

[@SlashinatorZ]

-America has had Socialism for the Rich/Corporatism for much of it's history. Trump took it to the next level . -"Until you run out of other people's money" Except its the Capitalists (such as Bezos & the Waltons) who are using Socialism more than anybody to subsidize their workforce. While CEOs get to keep buying more mansions & yachts, the taxpayers have to pay the welfare benefits of their employees. -Pinochet (Right-Wing hero) made the same mistake Chavez made with borrowing from other countries & burying his country with debt & inflation. Not to mention he later had to raise taxes to keep his country from collapse. -Venezuela is also under heavy embargo from America. Try putting Singapore, Hong Kong, or free market country under total embargo & see if they turn out better. -Rampant corruption is responsible for most of Venezuela's problems. Trump is the most pro-corruption president ever. He stuffed the govt with Goldman Sachs bankers, NeoCon war criminals, rich psychopaths, & corporate giants. He surpasses all past presidents at sheer corruption, bribery, instantly provable lies, & conflicts of interest. -Guess which American political movement is the most anti-corruption? the Progressives. They wanna get corporate PAC money out of politics. Dinesh & Ben Shapiro have openly defended money in politics.

[@darthutah6649]

@@SlashinatorZ Cuba and Venezuela aren't under sanctions from other countries are they?

[@saguntum-iberian-greekkons7014]

Is that a good achievement or exposure to some bias?

[@hermes7587]

What Manduro does to Venezuela has nothing to do with socialism - it is just terrible populist policy of a man who does not have the mental capacity for the job. Other countries have also been hit by the dropping oil price too but most of them have managed to adapt. Manuduro on the other hand prefers to ignore the real reasons for the economic desaster happening and follows the dictator´s playbook. Venezuela actually is an example of the dangers of faux populism.

[@herpderp1662]

Thats because infographics show, like many others infesting youtube is about as "blue pill" as it gets. As informative as they are, they are pretty fucking woke. I consider them no better than adam ruins everything. They did literally everything possible to not mention the SOURCE of the issues but instead mentioned the symptoms.

[@alejandropinto8130]

Why are people in Venezuela starving? One word: Maduro

[@josephstalin5348]

Alejandro Pinto you mean Podrido(Maduro means mature fruit and Podrido means rotten)

[@ivanplis5554]

Chavez is the right answer. He died before the bomb exploded.

[@AdamSmith-gs2dv]

Interesting fact: Did you know Maduro was a bus driver before coming le presidente?

[@samuelmatheson9655]

"Why Are People In Venezuela Starving" short answer: Socialism long answer : Socialism + corruption + stupidity

[@jeremyroberts4391]

Maduro is a name lol

[@LeftOverMacNCheese]

Venezuela: im selling my oil so i can be a billionaire like that arab guy over there! Venezuela:

[@Liverpoolfc9karim]

American - How much for a hot dog ? Venezuelan street vender - 50 American - 50 bolivares ? Venezuelan - 50 thousand!!!!

[@Ajaws]

The first minute of this video: “how to avoid Venezuela: *basic economics* ”

[@williamvida]

The trouble with Socialism is that eventually you run out of other people's money.

[@IcarusNadir]

It wasn't socialism that destroyed the country, it was their leader's misuse of social programs, printing money causing hyper inflation and their oil mistreatment.

[@genderfluids6448]

That's what envy gets you. It's like Incels blaming Chad for their problems. Basically financial version of Incels.

[@bnnnaanananannn]

@@IcarusNadir it was unfounded socialism. But it have go end in a democracy anyways. What happens when 60% vote that the workingforce of 40% should pay for them? Sooner or later other people money stops coming.

[@ddaazahh8064]

@@bnnnaanananannn Raising taxes barely reduces the incentive to work for the rich, since they still make a lot of money anyway.

[@juicyjfan]

@@IcarusNadir So in other words socialism?

[@dhany_drm]

Uhh my dude it is not “I haven’t eaten for a week” it’s “I haven’t eaten for a month or more”. :b

[@anthonymanderson7671]

It's so sad to hear that once one of the wealthy countries in the world became the poorest because of mismanagement and it finally shot itself on the foot.

[@munsssssssssssssssch]

Can we get a video called Why Socialism Doesn't Work

[@SirAlazar]

Matthew Munsch so I guess they should make a video about Somalia and call it " why capitalism doesn't work". Smh internet people 🤦

[@flyt1970]

@@SirAlazar Yet we're the only flexable type of Government to exist. Name a Government that can be flexable to adapt to the changing times?

[@Trackrace29582]

SirAlazar if capitalism doesn’t work how am I watching this vid

[@SirAlazar]

ArteSoul Denmark

[@SirAlazar]

faiz abbas obviously you don't understand compare and contrast. I was saying people need to stop painting this instance with a broad brush as if every government that implements socialism has this sort of economic problem.

[@Zesser6ixx]

Maduro should've used skillshare.

[@juhotuho10]

or read a book about basic economics before trying to get socialism

[@lorenzovalor479]

Sounds like America is stealing that playbook…

[@rafaelcosta3238]

There were Europeans emigrating to Venezuela in the 60s and 70s. Now this...

[@CarlosSilva-hg8rx]

short answer: COMMIE long answer: COMMUNISM

[@antoniojoserebelolourenco5111]

Hey you are Portuguese just like me🇵🇹🇵🇹🇵🇹

[@CarlosSilva-hg8rx]

@@antoniojoserebelolourenco5111 sim, sou português

[@ToddyBeer69]

We need comrades

[@CarlosSilva-hg8rx]

@@ToddyBeer69 i agree, only the capitalists pigs are starving

[@VenomousSpyro]

It's actually socialism.

[@sniper6081]

Makes a video about Venezuela's economic problems without addressing the gargantuan 40,000 ton Godzilla in the room. Why even bother?

[@darellarocho5729]

Who?

[@sniper6081]

@@darellarocho5729 This dude. Infographics.

[@darellarocho5729]

@@sniper6081 Ah OK

[@SlashinatorZ]

Well socialism work pretty well in Libya under Gaddafi. However Bernie and ocasio-cortez are not advocating for socialism. What they are advocating for is social democracy, capitalism with a human face. What Trump and Republicans do is socialism for the rich.

[@sniper6081]

@@SlashinatorZ Would you have liked to live in Libya under Gaddafi?

[@atillagamercheto9132]

When I was a little kid I played outside with my American friends with our bikes and skateboards and stuff we talked about the latest medicine and stuff and then I see the Venezuelan kids playing in the mud

[@bigchungusofficial2912]

ty for the explanation.