Venezuela grapples with endless crisis • FRANCE 24 English
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- Опубликовано: 17 фев 2022
- An oil producer hard hit by the slump in global prices, Venezuela has seen its economy gradually deteriorate over tghe past decade, with international economic sanctions aggravating the crisis. The late former president Hugo Chavez, in power from 1999 to 2013, wanted to make his country the home of "21st century socialism". But despite this promise to eradicate inequality, the most vulnerable seem in a more precarious situation than ever. However, some economic indicators have recently improved. To take stock of the situation, our team reports from Caracas, a capital where cameras are not always welcome.
#Venezuela #crisis #endless
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Countries are poor because of corrupt politicians. Don't idolize them, they're public servants & treat them as such.
'public servants' mean something totally different in a COMMie / SOCIAList state...!?!?......lol
(CUBA situation was/is very similar, if you know its 1950's history)
True... Jimmy Carter didn't take a limo to the Inauguration.. he walked. He said the President is a servant
9:23 Any country where the people refer to their leader as "eternal supreme leader" is messed up beyond comprehension. I hope Venezuela recovers from this at some point.
are u a white liberal? lol
Same happening to my country Sri-Lanka 😔😭
@@jgngoy3019 qqqqq1qqqqq1
Well look at most Socialist countries...funny how socialism is closer to fascism than any other ideology, but the left vs right political notion is masking the truth
@@dominic6055 So true
What a horrible way to live. The regression is sickening. Hearing people talk about Chavez like a deity while living in squalor created by his policies and corruption under Madero is unconscionable.
The standard of living has improved for the majority of people in Venezuela since Chavez was elected. Don't believe the lies put out by western media.
Venezuela has NO chance to improve its economy as long as the sanctions are in effect. Monitored elections by UN election control is what is needed to do this. Maybe France 24 can do a report on the political situation in Venezuela?
@@oddvardmyrnes9040 Educate yourself. Venezuela has a better election process than nearly every other country in the world. Check the reports from observers.
BTW: Venezuela is expected to do better than nearly all other countries in S. America this year. Check it.
@@freedomofpress5605 .. Absolutely I will. Why are they sanctioned then?
The image of the hungry, aging abuela dressed in military fatigues would be comical if it wasn't so heartbreaking.
fr
Never underestimate grandmas!
And what does it tell you? Think about it. It’s not just comical but looks like she knows something. Grow up!
vvhitch ^ ^
@@jikamos she sure knows what hunger is. She's probably ignorant in just about every other topic you could think of.
Many people in America complain about how things are, but don’t appreciate how fortunate they are. Even when inflation is high, it is nothing in comparison to many other places. If you really want to be successful in the US you can be. In other countries, you are at the mercy of whomever is in power.
Well said.
Your not understanding, this is what The radical progressive leftist want to do to America, wake up...
Talk to any Cuban, Venezuela people that left and is now living in America 🇺🇸
They will tell you it's the same way their Country started going down... Control the food control the people...Sensor your words, content, anything you say or do....
America is going to look worst than Venezuela in a few years.. pay attention
Yeah they might be able to be successful if the United States government didn't sanctionum them so bad like they did Cuba
True many Americans complain. But Americans must pay for Europe’s freedom in blood and money.
In Venezuela, everybody is equally poor except the elitists and Maduro.
thats the same in the states, you are fed with the notion that you have freedoms but are you really free?
@@ggonterriquez213 What was the min wage and a cup of coffee price in Ven again?
@@apaadadisana9870 I dont know, ask bill gates the waltons, because while you and I are paying more for everything the ceo of raytheon and lockheed martin are making a killing, killing people.
@@ggonterriquez213 Oh... come on. That simple question you cant answer while you blame the rest?
@@ggonterriquez213 Ask the illegals in southern border why they come to the US illegally and sacrifice their lives paying the cartels?
This is the first country I have witnessed who possess such massive petroleum resources yet almost everyone is starving.The sickening thing is that an good number of citizens there seem to have been brainwashed into supporting whatever their government does.
Educate yourself instead of believing propaganda.
That's called Socialism. Hahaha. But they've been taught that American sanctions have ruined them. Hahaha. Socialism in America is ruining the USA and the USA citizens can't blame sanctions for it's damages!
I bet you believed that the twin towers were really blown up by some planes....🤣🤣🤣
Have you heard about Nigeria?
@@markc5025 No.
Reminds me of my home country, Poland. Back in the early 70s, the communist government was allowed to take huge loans from the western European countries. While in the beginning the borrowed money brought improvements it quickly became apparent that without fundamental changes the rigid, centrally planned and inefficient economy was unable to produce a surplus needed to pay off the western loans. It was a socialist utopia, in a sense that everything looked great on a paper but in reality the economy was so inefficient that it was struggling to deliver even the most basic goods and services. By the end of the 70s and in the early 80s Polish economy was at the brink and it was almost impossible to hide the true state of affairs (despite government's propaganda trying really hard to conjure up an alternative reality). Poland in the early 80s was a really desperate place. Many Poles left the country to look for a better life abroad at that time. It's sad to see that Venezuelans are going through the same now.
@@hkloss11
Why does the rest of the world think Poland is doing well?
As a latin american I believe that you can't compare Poland's situation with Venezuela's... Even though I'm ignorant about Poland's history I'm pretty sure that the worst thing Polish people experienced under communism was poverty...and I wonder if it was extreme poverty as is the case of venezuelans... but anyways, venezuelans don't just experience poverty.... but also violence.. this is a consequence of venezuelans' and other latin americans' way of behaving... In latin america whenever there's poverty you will find some people resorting to violence ... Now I have a hard time imagining polish people behaving like that.
I think this can be a consequence of polish people taking their faith way more seriously than many latin americans do... In latin america most people claim to be "catholic" yet most latin american nations have extremely high rates of aborted kids.
@@Dah42 you are right , nothing to compare, totally different situation. In Venezuela is still different thinking as for example if you can’t afford to fuel gasoline they will dual for you ,you just give them some little money on the side , people isn’t eagle to work as much ,etc . Nope ! Will disagree that Poland was in poverty !!! Wstydz sue czlowieku opowiadac o Niedzielskimi ,ktorej za Tak Nie bylo
And Poland never seen a poverty that way !!! People have and had beautiful homes interior / exterior , well cleaned and organized, most Latinos is disorganized, won’t clean around homes or inside their homes , it bugs me
different times and different cercumstances same culprit... greed
Sad realizing that this country follows the steps Cuba 's poverty
America is right behind them - same spirit bring it down
Command economies always fail.
Venezuela ha sido saqueada para financiar la expansión del castrocomunismo a nivel mundial
@@Patriot11111
Due to welfare.
The truth is that wether it be capitalism or socialism, the wealthy elite will always get all the power and the resources. The difference is that in capitalism, the hardworking poor get a shot at upward mobility.
And also have a say on who they want leading them, instead of no choice.
@@mixit247 Exactly.
@@mixit247 Also, another difference is that a capitalist economy is better-managed, because there a person's wealth is proportional to how much value they produce. In socialism, a person's wealth is proportional to how much political favor they are able to garner.
I am all for mixed economies, but heavily capitalist or heavily socialist economies cannot work, since they are are not in line with how humans behave.
Die fleißigen die drei Jobs brauchen um zu überleben,und nicht Mal eine Krankenversicherung haben. .Was interessiert das Biden und seine Regierung.was ist mit der permanenten Gewalt in Amerika,freier ne Waffen Besitz, friedliebend e Gesellschaft?!??
nothing is perfect, but they would still be better off in a capitalist economy.
Economic collapse despite massive oil reserves.... the true power of socialsim!
Whatever country you live in and if you call your country crappy or the USA is bad, why not try living in Venezuela, I'm sure you'll do just fine and love every bit of Venezuela.
Huh
@@noneoftheabove5816 you heard him.
Your talking nonsense, they refused to be controlled by the imperialist.
@@davet9708 well if this is what independent’s from imperialism looks like…
@@twomp5613 They imperialist couldn't survive without the developing countries, robbing their resources, and their horrible murderous adventure.
Free housing in the USA appears the same. 2-3 generation live together. The poor usually have children young, limited education and lack of opportunities. A brand new house is good until maintenance is needed due to the crime and cost of fixing the home.
ok dupe
Why call him that for speaking the truth?
@@carolynolsen132 The "poor" do not use the "opportunities"
20% of the population have left Venezuela due to poverty and political corruption. Most likely the younger, strongest, most productive of the population has left. That country is dying.
The Progressives are trying to do the same to the US.
Wrong. Educate yourself rather than make comments that support lies.
Socialism is dead
We’re all enslaved the whole planet
I wish all of this was in the American news more it's absolutely heart breaking
I'm guessing it's to so with America's political relationship with Venezuela. News networks don't want complicate matters by pursuing this story.
@@zeppelin0110 Venezuela's fall from one of the richest Latin American countries to an economic disaster was due to Chavez's (and Maduro's) insane fiscal policies. It's not in the news now because it's an old story.
It's never been covered because it does not promote the msm political agenda.
What country in America?
Also you can clearly see that they have it against the U.S.. They don't even want to talk in U.S. currency and they call the U.S. and empire. The economic sanctions really messed them up. It is a dangerous weapon those things. They hurt the population not just the govt.
When you love your oppressors!!!
You wanted socialism, you got socialism. Enjoy it.
Well said friend
God please help them, they wouldn’t be so fanatic about Chavez if the previous governments had not trampled the rights of the poorest people
Chavez’s daughter stole a billion dollars from the poor.
"Ugh... You will own nothing and be happy. Equal misery for all."
The oil is of poor quality that not all countries can refine it with out pollution so severe. They previously diluted the oil with better oil to refine it easier.
Oh...
Yes , and not all of their oil is easily tapped . Their oil is expensive to produce . Middle Eastern oil cuts them off at the knees
Having oil is better than not having oil. It is mismanagement.
I love living in Canada. One of the best countries in the world.
What a joke and sadness at the same time. I am hungry but I love the guy who made me hungry?
It's striking that the word "militant" as opposed to "volunteer" is used to describe those helping out people, as if they were really to gear up for battle at any moment to fight each other.
Did you even watch the video?! These volunteers wore military uniforms and berets, formed local militias and proudly said again and again that they're to do battle with the perceived enemies--internal or external--who want to destroy their Chavista socialist paradise of extreme poverty, perpetual unemployment and endless violence!
“ This is the official uniform” Comes out in sandals
I absolutely cracked up what I saw that!! 😂😂😂
Thank you for filming this
I live in Cuenca Ecuador and we have loads of young Venezolanos roaming the Streets w little babies and children begging..unfortunately many of their young men are attacking Foreigners in broad daylight stealing their phones and wallets and work in teams of 2..much help and jobs have been offered they refuse to work..Shameful to see
I was wondering about that. In 2016, spent some time in Ecuador, mostly in Loja, because I wanted to get away from large cities and expat concentrations. Loved my stay, and since the Venezuela collapse, I assumed refugees would have a huge impact on Ecuador. Would you say its throughout the country or just certain areas?
@@broadcasttttable more the bigger cities...Here in Cuenca they beg night and day and sit on streets w littlr babies ..We have several Help agencies here ..the Venezolanos I have personally helped have refused to go there..They also refused offers of paying work ..Too many of the Young men go around in Cuenca stealing cell phones from Expats and tourists..They even go so far as to Attacking people physically by Throwing them to the ground as it just happened to a friend of mine..It is shameful how some of them behave ..
Same story in most of latin america, bands of venezuelan teens assaulting and hurting people .
Exactly! Same in Peru
WOW didnt realize that was happening in Ecuador Sad
Thank you so much for this report.
Largest oil reserves in the world. The absolute worst of luck to be in the current situation.
Not luck. They got what they voted for.
@@fillthefeeder ok i get it......but come on dude! NO one wants that
@@faygo12 nope ,this is the truest form of socialism. just lovely.
@@faygo12
Well, lets us all learn and never repeat their mistake or else our children's and our children's children will have to pay a dear price then suffer in our place for the next 500 YEARS.
IF only venezuelan people realize that they are the true owners of venezuela, NOT the government. The Government ought to belong under the people's feet....but it is not so....
no this is just socialism
So sad 😢
Some relativis living in Venezuela for over 60 years came back to Italy,they were basically starving in Venezuela
We spent 8 years in Caracas. We were lucky to immigrate to the US.
A socialist paradise ... utopia ... heavenly bliss .... having reached this glorious pinnacle, it is all downhill from here.
Venezuela didn't knew how to handle an economy. Social democracy is sustainable like it is done in Scandinavian countries and countries like Costa Rica. But Venezuela place people with no knowledge of businesses managing to manage national institutions and they obviously ruined them.
Also Venezuela is a communist dictatorship not a social democracy.
That is exactly what the Democrats want to turn the USA into!!
The true face of socialism I hope anyone that advocates for it visits Venezuela and see the reality
@@KuromiDarklord
Social democracy is not sustainable. See Western Europe.
Venezuela and the Emirates are both oil producing countries. Similarity ends there and the rest are diametrically opposite.
People only understand government being successful when building houses or roads or handing food to people, but they never question in which manner is that possible...answer is, it's through debt or money printing. Unfortunately people fail to see the big picture of things
Exactly. Don't forget theft. It's not like socialists were known for fiscal responsibility.
Chavez brought them hunger and they still applauded him you reap what you sow
What happened to the ECONOMY is because their economy was 100% a OIL exporter. Once oil prices collapsed, that killed their income.
This is the real explaination of the problem. Having reliant on a single income always spell disaster no matter what type of ideology the country do practice.
@@greenleafyman1028 Terrible logic. The Saudis rely 99% on Oil exporting Income. They just MANGED the money they had differently so then when crude oil prices dropped, the were not overleveraged and had piles of USD cash. Venezueala had no USD cash and were OVER leveraged.
This is so sad 😥
Mauro go.away!
Pretty.
Mauro go away immediately
Maduro,sorry
US made this
What an inaccurate video. I lived their under Chavez. Yes he gave houses to the working classes mostly if they were party members. If they promoted the party they didnt get utility bills. His socialist revolution made his daughter the richest woman in Venezuela. The economy was already collapsing before Maduro came into power. He took foreign businesses destroying foreign investment. Inflation was already doubling every few months. Crime was out of control before Maduro.
Socialists, progressivists, communists, just different sides of the same misery coin. Enslave the bottom 98% of the populace in order to support the top 2% of beauracrats that claim they are for "the people". All LIES
True. The video is biased in favor of Chavez, and willfully skims the truth.
Further to my comment while Chavez was telling the Hilton to change its name beacuse he ahated the Gringo name, his people on the beaches were begging gringos like me for loans or anything to ease their poverty
From what I see he lived in the moment and ran the country like a bad business that never had a shot
...examples you could ever want.
So the commandante points to a hilltop and they build a community there? Bad idea, in so many ways. For one, you have to actively pump water up there 24/7. Lots of wind and lightning. A struggle to go home every night. Bad idea.
Educate yourself.
But it satisfied his ego.
just when you think you have it bad
By putting Marcos Jr. into power, the Philippines is moving closer to this. Just sad.
It is sad but I am thinking the Philippine will just become a Chinese province before it is over. Chinese corporations can now be 100% Chinese owned. Be it flexible currency or the standard dept trap via infrastructure projects like what we have seen in Africa and parts of Asia, the CCP will end up running the PI. They don't stand a chance economically, militarily or strategically. I don't really see ASEAN being able to stop it. China gets the S.China Sea and the Philippines gets to learn Mandarin. I honestly hope i am wrong.
Yes I believe in you Philippines is turning to be the new Venezuela 2.0 currently I'm hoping to move to Spain soon.
PHILLIPINES work s 15million people are in The whole continental sending 100billon dollars back to the Philippines people is Richer than the government agriculture food security we are engineers doctor nurse's merchant business manager AND worker's.we don't have OIL but we have brain.our economy is at 8.5 biggest in Asia we got hydroelectric power nuclear power geothermal energy Sun energy nickel for battery packs. Brain is reacher than oils.we want MARCOS FOR HIS MONEY AMOUNTING TO 247BILLION DOLLARS FOR BATTERY PLANTS.....
Hahahha maghuhula yarn?🤣🤣🤣😹
@@paolosantiago3163 hahahaha🤣🤣
I see all these young babies with no father or man in sight why are they having babies that will suffer
Exactly.
They're sending their kids and themselves to poverty. If they refuse to stop this, their last stop is at death's door.
So true !!
Because they like to do the wild thing
Well said friend
"ready for everything" what's about hard work instead of BS?
oil price is back to all time high now, yet the wealth is trapped at the top 1% or less. This is what real socialism looks like.
America will love to control Venezuela resources, soon their sanctions will mean nothing, stay strong Venezuela.
Their oil is not available in the market openly because of sanctions.
Oil prices are so high because Venezuela is basically out of commission they're operating like a 5 to 10% of their capacity. If Venezuela was at full power and oil production the price of oil would collapse because they could simply out produce everybody.
Si American dollars and capitalism is saving venezuelan socialism from complete oblivion .
@@Glidescube Your talking nonsense, American dollars will soon be worthless, Chinese currency taking over, most of the world will dump the dollar.
Most of these people are chavistas who live like this but swear to god Maduro is going to magically save them someday.
Every place has bars on it, that there tells it all.
Impossible to comprehend that Venezuela was the plastic surgery capital of the world not 30 years ago. Utterly tragic fall from grace!
I remember in History class they were talking about future power countries and that Venezuela could be one because the amount of natural resources. It's sad to see a country with so much potential is doing so terrible and it's people are suffering and putting up with these leaders
Back then a lot of poor families saved money to invest in one of the young women hoping they could marry someone with money. That was pathetic and desperate. Maybe it is important to understand why so many people felt so desperate back in that time. Now, poor kids can get an education unlike before. Educate yourself.
Sadness Rules the World All Around,,Prayers of Hope and Peace to All, Especially Food for Everyone abundantly I Pray 🙏
How's that socialism working?
Works great in Europe..I think you're confusing socialism with communism, even the United States has socal programs.
It works just as intended.
They voted for socialism and they got socialism..
Well said friend and it looks like socialism for a while
$2 a month? That's 5mins of work where I'm from My God! You should all go to the capital and forced your leader to resign! That is so so terrible! May Our Good Lord protect you all.
Venezuela gov banned guns, so now only the Maduro loyalists (and criminals) have them. Why you think dems in the US want to ban guns so much...🤔
at least they can leave the country unlike in North Korea
I am fascinated by this because I see ppl staving and they still love an oppressive government
Total and complete brainwashed
They have to say that, otherwise what is going to happen?
sounds like the USA
Most people are completely against this disgusting government though, but I agree there are still people too poor and still support this government
Because they're dependent on them for their day-to-day survival.
@@danirezaeva3934 Really? Your name says a lot for you to say this :/
Poor people victims of socialism
Not really as they happily voted for it.
They chose to be socialist and now they have no saying in it ! That’s how socialist works
We have endless crisis right here in USA, too.
At least in venezuela they don’t have a million tents on every street and human waste everywhere 🤯🤯
@@josezapata1878 US is a total basket case
I've heard some sick horror stories about what's happening in the prisons there.
Heartbreaking
Would love to see Bernie Sanders and Michael Moore live here for six months.
You hit the nail on the head
Take AOC with them on there vacation trip see how long they last?
They wouldn't last 1 week, they'll be crying for capitalism in no time.
@@mikenogozones No question.
Bernie Sanders is not a trie socialist. He's a lite capitalist at best. Not even close to believing in this fuckery.
15:32 Did i hear that right??!! A coffee is worth the monthly salary of most Venezuelans!
Yes, that coffee shop is for wealthy or tourists
Yes you heard right
If you ever complain just about waking up to go school or work, watch this and you know these people had it tougher than us.
Truth is this is what they want. They would vote for it again if they had the chance.
Yes most of them don’t want to work! They want everything given to them
Thank you, Feeling greatful, something I need to do more of.
This was poorly explained, there always has been an 'opposition' but this has been attacked by the Chavez Government!
Wrong.
@@freedomofpress5605 Which part of this is wrong?!? You speak of "freedom of the press" then you don't respect democracy... and back up what you are saying with research? Just sheer hypocrisy!
@@freedomofpress5605 Someone else 'immaturely' believing what they 'want' to believe, when there are people "dying" over there because of this Government's abuses!
@@sebastianwrites So where do you get your information about Venezuela? You write as if you are an expert on the place. You are simply parroting CIA disinfo.
@@freedomofpress5605 No, I just do my 'research' clearly you have not "bothered" to do... which shows how little you really care about the people of Venezuela?
the smell of sulfer is strong in europe too!
Venezuela has rich farmland. It should be able to feed its own people. Socialism has killed its economy.
no- the crippling sanctions have killed their economy. We see how sanctions destroy economies
@@poncedeoly469
No. Socialism killed the economy. The sanctions are of little consequence.
@@poncedeoly469 sorry ,they don't have the right to trade with capitalist countries .they ca trade with cuba and china or north korea.
It's sickening socialism is still alive! Makes me GAG!
Socialist agriculture is singularly vulnerable to, well, anything. That's its nature.
These people should be eating well. Instead of blaming the United States maybe these people should ask their supreme leaders what they’re doing with all the money they have coming in from oil.
USA put sanctions on them and stoped them trading oil lol
Well said friend
No one is allowed to ask any questions for you’ll be imprisoned or disappeared
They're not actually realizing much revenue from their oil since they nationalized it. Maintenance, upgrades, and efficiency all collapsed and the whole industry fell to bits; production is way down, not way up.
@@josezapata1878 It has always been so. Back in Marcos Perez Jimenez time, it was worse.
I. So sad
Bro what all the measures they have taken to overcome it?
what can we do??
they have to sort their issue themselves.
Korrekt, pal. This BS gets annoying after a while.
@@matthewjohnathanwarburton8342 Yes and I did not want to mention how many resources they have. Imagine how rich this country would be if Jews lived there.
I thank my God every day for the freedom and for everything that I have to see the Venezuelan and Cuban people in such poverty is heart breaking what gives a man the right to think that he is God.
The way of Trumpism.
Here you see what state-socialism can do to a country. I simply don´t believe that e.g. the US-embargos etc. have very much to do with this downfall. We are talking about a country with some of the biggest known reserves of oil in the world. We are talking about a country that has the basis for growing all crops possible and they probably could be self-sufficient in terms of feeding all their own people in the country. However, we still we see how they - under Chavez - had to import a lot of food etc. - because the government wanted to control all the infrastructure around food production, -distribution etc. and they were too incompetent to do that efficiently. Add to the socilism a massive level of corruption and a crime level that is sky high - and the way to disaster is paved.
that sounds like American capitalism lol. US embargo is the main reason since the US not only stop trading with them, but also force and threatened other countries who want to do business with Venezuelan
Well explained my friend you hit the nail on the head
@@josezapata1878 Thank you 👍😉
Exactly.
Exactly!
always wondering why you see poor people with smartphones jewellery.
This being taught in our American schools? No? Why not?
Great question! It should be though specially in states like California where socialism is the way
3:55 funny info tip, ciudad caribia was not built by chavez administration, it was already built years ago by private companies, he only took it by force at the lowest possible price, i've been there time ago. the place was amazing at first, but now it's worst than a brazilian favela, heck the brazilians favelas are hawaii compared to that place.
Well that kind of 'spin' should be expected from france24.
If only we could send our local socialists there too.
we need to bring back exilement.
Well said friend! Are you a California resident?
Que desastre 🥲
That is what socialism does
If you believe what they are doing in front of a foreign journalist, life in Venezuela looks alright but in reality it is one of worst in the world.
Some families are doing great now especially when covid started. I've seen alot of families opening businesses etc. However there are many who still suffer and the prices have changed drastically. Most things are highly expensive compared to years ago. It's crazy.
The government do distribute things cheaper and for free but it isn't much.
Have you seen the market in the video? Plenty of food. There is no money to buy it with.
This is what happens when you blindly trust the government. Don't think this can't happen to your country.
Will this happen in PH?
It already did happen; we hope to begin correction in early November.
How can people live like this?!?!?!?!
8:47 is my spirit animal
Everyone looks well fed
We are going through all these thanks to Covid , it’s coming to every country, Political corruption, chronic shortages of food and medicine, closure of businesses, unemployment, deterioration of productivity, authoritarianism, human rights violations, gross economic mismanagement and high dependence on oil have also contributed to the worsening crisis.
Venezuela was like this long before Covid unfortunately.
@@YeezyFly 🙁
What was the reason for the blockade?? ¿ Porque hay un bloqeo ?? Que razon??
The list is endless
The thing is that when Chavez was the president they depended only on oil...And mostly everyone was given something like welfare or food packages, even if you had a job...So if you had a job additionally you had the money provided by the government, also they helped you with your kids school supplies and things...And inflation wasn't that crazy globally...And ever since Maduro came in they don't have those benefits...therefore they're really struggling.
Well that's the fundamental problem with socialism...eventually you run out of other people's money to spend. Once the state coffers ran dry there was nothing else to replenish it because all free market competition had been obliterated (over regulated and taxed out of existence). Eventually Venezuela will either accept free markets or go full on communist like North Korea, where they enslave the population for labor and everyone continues to suffer.
Because the oil price collapsed and Maduro was no longer able to keep up the facade.
also Chavez had the chance to diversity the economy and turn Caracas into Dubai...he failed to do so
@@mikenogozones
And as a matter of fact, Chavez was busy destroying whatever diversified economy Venezuela had.
It's because of sanctions by the US and it's allies...
Chavez decided to join the ranks of socialist countries at the time most socialist countries had already giving up on the ideal. The ideology has proven unworkable wherever it was tried.
But his country isn't socialist. Socialism doesn't work like this. You don't have a dictator in a socialist government.
@@machsimillian14
Whaaaaat?
@@nwachinemere7759 socialism implies that the means of production are controlled by the people. In this case, if the government is intended to be representative of the will of the people, the elections need to be fair...Venezuela hasn't had fair elections in ages. A dictator doesn't represent the will of the people, it's an oxymoron to say that you have a socialist dictator. Also a socialist government provides the basic needs of the people, they don't do that here and there is a huge chasm between the rich and the poor, of which 95% fall into the latter category. If it were truly socialist, the separation would be far smaller, that's not the case. Venezuela is more communist right now than anything else, democracy doesn't exist here.
@@machsimillian14 That means socialism isn't real, it's just an idea that can only be a form of government that exist only in theory. Socialism therefore is an illusion. Whenever or wherever socialism fails advocates for socialism always say it wasn't real socialism. Where then has real socialism ever succeeded. effectively in tjer
@@nforkongnyu6487 that's not what that means. But if that's how you wish to understand it, feel free.
The problem is that venezuela relied too much on oil and didn't diversify the economy earlier thanks to chavez and now you can see the results.
Exactly.
every open land should be planting food and the people can take care of it
The government would destroy it.
People need to stop having children they can't afford. What is wrong with have just 1-2 children?
Not America's problem. We have enough of our own. About time to take care ofour country.
They are reaping the rewards of Socialism and all living equally in poverty.
Thats why it amazes me how people im the USA push for socialism so badly. Im shocked when I come across these youtube channels of these young people who leading the charge for a socialist society. Dont they see what has happened to these countries that take this stance? Everyone is temporarily taken care of then it all goes crashing down. Obviously Chavez lived in the momemt and ran the country like a bad business. It didnt take long to reverse it all.
@@JoeKyser Many young people are naive. Some of these communist ytbers are malicious people who have nothing to lose. No job, no stable family,and very jealous of the middle class. Communism doesn't destroy the rich, it destroys the middle class
@@DivestedChristian Some of these discussions I come across are absolutely crazy to me. Thats all it seems like, they are out for destruction. They seem to have this woe is me typenof mentality. Hard work holds no agenda in their lives.
my heart cant take this
My family dodged a bullet. Immigrated from Italy. We spent 8 years there. Until we were able to come to the US legally.
So sad
I think the living envy the dead here in Venezuela.
Man, they have GOT to stop having children. Not just here, but in many other impoverished countries all over
People get hornier when stressed 😄
We Californians take great pride in supporting the people who don’t want or feel like working 💪💪
Thank goodness I’m from Canada.
Where Justin Trudeau is trying to do the same.
World's largest oil producer? Corruption, you mean.
Boligarchs 😔
Dictators, with absolute power corrupts. People suffer.
He's not a dictator the peole elect him the real prob is 🇺🇸 puting sanctions on them for no reason before those stupide sanction were impose venezuela was the only super rich country in Latin America.if you watch too much CNN news nbc you I'll believe venezuela is the devil the west laid by 🇺🇸 is angel
Patently false, patriot wannabe..
@@jonathanharper9991 ~ to preempt him, I’ll add that dudes like him tend to point to countries the US ruined to try and show how great the US/capitalism is. Super cringy.
In capitalism, no lives matter..
These are the people he was trying to help
.but it's socialists to do so . Big business is more important to walls street investors
@@jonathanharper9991 let’s not talk about America when talking about Venezuelan trouble. As a Venezuelan, the problem is our government. They might have to do with it but it’s not right to involve America.
We did not elect him, there were another elections in 2018 as far as I know. Look at the results. We did not choose that. No one in our country likes him, the results are also altered by the government because the actual president does not want to leave. And also, as far as I know the time someone can stay president in Venezuela is 6 years, he has been president since 2013, that’s about 9 years now. Right now we have him partially recognised as president and another one also partially recognised as president (Juan Guaidó) who was apparently going to take Maduro out of power yet he did not. Our current president is still Maduro, honestly this is all Chavez and Maduro’s fault, don’t blame everything on America.
wow
Come here to Flint Michigan and you can make the same report.
Another leftist-run hellhole.
Venezuala, Mr Sanders' dream for the USA. Sad.