The Most Mismanaged Economy in the World

📫 8,500+ read our free newsletter that has weekly original stories Sign up: → https://economics-explained-tv-program.beehiiv.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices 

📫 8,500+ read our free newsletter that has weekly original stories Sign up: → https://economics-explained-tv-program.beehiiv.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices 

In this episode, we'll explore how the country with the largest oil reserves in the world managed to implode, plunging its citizens into extreme poverty. We'll discover how a mixture of economic decisions, political ideologies, and external pressures contributed to the country's ...  Show more

Venezuela is facing an economic and humanitarian crisis as extreme poverty and violence have forced many to flee the country in recent years. How did a country once wealthy with oil resources fall into such turmoil? See pcm.adswizz.com for information about our collection and use ...  Show more

A third of Venezuela's population is at risk of malnutrition, according to the UN and the latest gasoline crisis could weaken the country's economy further. Entire villages are said to have been cut off from food supplies because trucks can't get fuel to deliver to them. That’s t ...  Show more

Despite its massive natural oil wealth, Venezuela is a country sliding into recession, and has one of the highest inflation rates in the world. With prices of some products rising as much as 50% or more annually, the crisis presents a simple human predicament - how to lay your ha ...  Show more