Скачать или смотреть Why the World’s Richest Oil Nation Collapsed | The Economics of Venezuela

This video unravels the perplexing story of Venezuela, a nation blessed with the largest proven oil reserves on Earth, yet tragically plagued by severe food shortages, hyperinflation, and widespread poverty. We expose the "perfect storm" of factors that led to this catastrophic economic crisis: starting with the decades-long "Dutch Disease," which fostered an over-reliance on oil wealth and stifled diversified economic growth. Discover how political mismanagement under leaders like Hugo Chávez and Nicolás Maduro exacerbated the crisis, weakening the vital state oil company (PDVSA) and ultimately resorting to disastrous money printing, triggering an economic collapse.
The human cost has been devastating, with widespread scarcity of food and medicine, and harrowing accounts of "involuntary weight loss." We also delve into the significant role of external pressures, specifically US sanctions, and open the uncomfortable debate: who bears the ultimate responsibility for Venezuela's tragic downfall? This deep dive offers critical finance lessons and insights into global economy and geopolitics. Understand the oil paradox and the real-world impact of a resource curse.

SUBSCRIBE OR I BUY ME HOT DOGS
Follow Us For More Videos:    / @wealthexplains101  

In this video, we cover:
The Paradox of Plenty: Why oil wealth didn't save the economy.
Dutch Disease: The danger of relying on a single resource.
Hyperinflation: What happens when money becomes meaningless.
The Sanctions Debate: The US role in the Venezuelan crisis.

-----------------
⏱️ Timestamps
0:00 The Paradox of the Richest Oil Nation
0:32 What is "Dutch Disease?"
1:03 A Decades-Old Reliance on Oil
1:33 The Hugo Chávez Era: Hope & Mismanagement
2:01 When Politics Replaced Expertise
2:19 The Maduro Transition & Economic Freefall
2:41 Hyperinflation: When Money Becomes Meaningless
3:01 The Human Cost of the Crisis
3:14 The Geopolitical Angle: Why the U.S. Cares
3:37 2019 Sanctions: Pressure vs. Humanitarian Impact
4:00 Conclusion: A Perfect Storm of Failure
4:25 Who is Really to Blame?

#venezuelacrisis #Economics #FinanceExplained #Hyperinflation #Oil #geopolitics #venezuela