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The collapse of Venezuela, explained | Jabar Post Indonesia

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The collapse of Venezuela, explained | Jabar Post Indonesia



Venezuela is in chaos. How did we get here?

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

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

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

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

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

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

Sources:

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

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

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

http://www.datanalisis.com/

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

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

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

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

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

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21 Comments

  1. Hey I have an idea everybody. Bernie Sanders has talked about copying the health care systems of the UK, France, Sweden, Japan, Australia ect………what if we pretended he was talking about Venezuela?

  2. Dear Vox . It is difficult to hide the truth . US wants a Saudi-Aramco style system in Venezuela , US wants participation in the management of Coltan mines, wants the control of Natural gas and gold resources… wants rights in the disputed territorial waters, wants , wants wants and wants … wants wants wants …and.. wants

  3. this man, this president of Venezuela should be killed, shot, murdered… no president should have the power to go against the people of the nation. there has to be a law stoping one from getting in to power with these kinda of statics

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