11 The collapse of Venezuela, explained - VideoFoxes

VideoFoxes - Video Portal


The collapse of Venezuela, explained

11 months ago

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/PPPPC@WEO/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

12,844 Comments

2,727,100 Views

44,746 Likes

Related Videos

Why China is building islands in the South China Sea
How America became a superpower
Israeli settlements, explained | Settlements Part I
Venezuela: How long does it take to buy 8 basic goods? BBC News
Why the world is worried about Turkey
The 32-year-old prince who’s shaking up Saudi Arabia
Why Some Countries Are Poor and Others Rich
Why Cuban cab drivers earn more than doctors
2016 Olympics: What Rio doesn’t want the world to see
How the Republican Party went from Lincoln to Trump
China's trillion dollar plan to dominate global trade
How the euro caused the Greek crisis
What's happening in Venezuela? | CNBC Explains
The real reason American health care is so expensive
Why is QATAR the RICHEST Country on EARTH? - VisualPolitik EN
How's Socialism Doing in Venezuela?
Divided island: How Haiti and the DR became two worlds
Superblocks: How Barcelona is taking city streets back from cars
How Africa is Becoming China's China
Hyperinflation nation
This jet fighter is a disaster, but Congress keeps buying it