The collapse of Venezuela, explained - Playxem.com
 
Close

The country is in chaos, but its leaders aren't going anywhere.

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

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

Sources:

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

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

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

http://www.datanalisis.com/

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

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

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

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

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








Subscribe to our channel! http://goo.gl/0bsAjO


The collapse of Venezuela and President Maduro's rise to dictatorship.
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.

Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com to get up to speed on everything from Kurdistan to the Kim Kardashian app.

Check out our full video catalog: http://goo.gl/IZONyE
Follow Vox on Twitter: http://goo.gl/XFrZ5H
Or on Facebook: http://goo.gl/U2g06o

YOU MAY LIKE
Loading...
What's happening in Venezuela? | CNBC Explains

Venezuela is amidst its worst economic crisis in decades. So how did such an oil-rich state collapse so catastrophically? Tom Chitty reports. Subscri...

Divided island: How Haiti and the DR became two worlds

One island, two worlds. Follow Johnny on social media to stay up to date: Instagram: https://www.instagram.com/johnnywharris Facebook: https://www.fa...

Why is VENEZUELA a CATASTROPHY? - VisualPolitik EN

It wasn’t so long ago that Venezuela was the wealthiest nation in the entire of South America. Today, half of their population lives in extreme povert...

How Africa is Becoming China's China

Start learning with Brilliant for free at http://Brilliant.org/Wendover The first 200 to sign up for a premium account with that link will also get 20...

The tiny island in New York City that nobody is allowed to visit

There's a tiny island on the East River that you've probably never heard of, and you're not allowed to visit it. Subscribe to our channel! http://goo...

Why is Scandinavia so expensive? | CNBC Explains

Across Scandinavia, the average price of everything from a knitted roll neck to pastries from the local bakery are some of the highest in the world. S...