What Actually Went Wrong With Venezuela
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- Äas pĆidĂĄn 12. 08. 2021
- You may have heard on the news that Venezuela is in crisis, but reports are often stating different reasons as to why the country has fallen into ruins. Check out today's new video where we try and pinpoint what's happening right now in Venezuela, and why it's really not looking good for the country.
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You know Venezuela was is in trouble when Runescape gold started being worth more than their currency.
i actually play osrs and....that's true (i'm from venezuela)
Wow that's very impressive
I'm Venezuelan and I didn't know that
Also animal crossing money is more or less what a Bolivar is worth
@@unknown-fo9rn diablos, que juegas? Wow?
Tengo una amiga venezolana y me ha platicado que es un caos en todos los sentidos
As a Venezuelan, it really saddens me seeing how great our country was before, just to become what it is today. I really hope things get better.
I am also from Venezuela and it also makes me really sad
If Us stops to try to overtake venezuelas oil, they could live happily there. Shame on Us !
@@enno9431 Shame on Communism too
because you have the biggest reserve of oil.
Re-elect Chavez lol
me as Venezuelan seeing this video impact me, this is one of a little list of video's that picture our contry situation with 99,99% accuracy, and me still in Venezuelan soil still living this day by day, its grinding me from inside, and im not in the lowest level of society, so you could imagine our odds here...
Can you speak English? And im sorry for you and the other souls that suffered from poverty and lost of what was use to be normal
I knew it was bad,,, but I didn't know it was that bad,,
@@lightbeingpontifex nah man your English isnât to bad keep your head up and things will get better soon
My father used to live there and his mother had to move and run through the Columbia. Border and because they got death threats I was born in the us thankfully
@@ricardohernandez4346 That's a different person, and I'm pretty sure he was saying that he "...didn't realize Venezuela was that bad..."
I'm Venezuelan. I lived through this slow and painful collapse, saw food dissappear from supermarkets and crime and corruption skyrocket. Everything you mentioned in this video is on point. I'm ashamed of what my country has become and that's why I avoid telling people where I'm from. I was lucky to move to the States a few years ago and start a new life. Thankfully, despite all our hardships, my parents always worked hard to make sure we had something to eat and a strong education, that education has opened me doors outside of the country that otherwise would have been closed, the sad truth is that nobody across the world wants Venezuelans in their land, and emigrating is hard when most countries don't want you.
We see a lot of Venezuelans begging in Brazil, its unbelievable. Today I saw two Venezuelans families with 4 children begging at the traffic lights. The worst thing is that we(Brazilians) have just elected a president extremely aligned with bolivarianism and Nicolas Maduro, Lula.
You Coming from Venezuela and Now that your in the states How do you see U.S.A. in itâs daily stage?
Most countries don't think about Venezuela, but there are places where employers struggle to find employees because of low unemployment. If there are people willing to work and live peacefully then job agencies should target EU (but not Spain unfortunately).
â@@maukawahine8685 I see your comment is 5 days old. We are both concerned about current events.
@@kyevi faz o L
I'm a Venezuelan this is the best video with the right explanations, I hope someday in the future this channel will tell the story of how we got recovered and learned from our mistakes, making a diversified economy and never ever again fall under populism or militar governments. The current situation is that people is surviving and making their life as far as possible from politics. (in my opinion we can't keep ignoring politics and at some point we need to take actions again, we also need better leadership to start doing that...)
Pulling for you and your country.
Hope you guys get there soon â€ïž
I think Venezuela would benefit the most from an economy minded President who at least learns about the country's main source of wealth and could get oil sanctions lifted by the US. Then Venezuela would be fairly similar to Norway as both countries derive most of their wealth from oil. Difference being Norway diversified economically, didn't promise free money and other waste of funding and saved whatever wasn't spent was saved as an international investment fund.
I am Venezuelan and I disagree with you paisano, there are several things I don't like about the video: First is that they give too much weight to the crisis of the 90s. I was a kid back then and having parents who were public school teachers we were quite prosperous, if we compare it to the radical change of 2008.
And more important is that these videos always avoid blaming socialisms, but they list all the steps used to implement it, and its obvious result but magically it doesn't have a shred of blame, being the main responsible for several things.
Youâre a right wing exile like most who flee when the west sanctions socialist countries
The scene from Venezuela that haunts me most is all the indigenous chiefs processing from "protected" areas to the capital to demonstrate alongside the other citizens. Tribes have been negatively impacted too
How can you negatively impact people who literally live in the stone age?
@@elgusaniiiodeljuego6823 Muy cierto lol
@@elgusaniiiodeljuego6823 That's how bad Chavism is
@@elgusaniiiodeljuego6823 IMF that's why
@@elgusaniiiodeljuego6823 donât be ignorant
I want to see more videos like this explaining what happened to countries like Somalia, Afghanistan, Libya, Syria, Yemen, Central African Republic, etc.
And the US
@@curtisthomas2670 Wish I could give two đđ
@@curtisthomas2670 The US isn't perfect by any means, but our decline is certainly not as bad as the above countries. Although, definitely a close occasion on 1/6.
@@lukedetering4490 what happened on 1/6? a protest?
@@Haris1 US Congress building was breached when they were trying to certify the electoral votes for the 2020 election
This is a pretty accurate description of everything that happened to Venezuela. However, there are a couple of key points that should NOT be forgotten: Venezuela's top officials are wanted by international authorities for being involved in one of the top drug rings in the world, mass protests in 2014 and 2017 decimated opposition by the national guard jailing and killing hundreds of students, and Venezuela's current debt surpasses anything you could possibly imagine, as China has established a pretty predatory purchase of most of the systems, companies and machinery to actually mine resources. There's no such thing as separation/division of power in Venezuela, as every single branch of government is picked by Maduro and top officials without any sort of input from citizens, INCLUDING the electoral branch which is a govt division literally run by the government, so every time they proclaim to win an election, they don't actually need to prove it, they can just say they won and citizens can either take their word for it or protest and go to jail/die.
The difference is that in Venezuela the alleged drug kingpins served a (whether or not true anymore) socialist and anti imperialist regime. Where as in other countries in Latin America..COLOMBIA they are friendly to US and western interests so they aren't marketed as much. Neither are the assassinations of the opposition and social leaders.
GOD
This is dictatorship
2016 Venezuela found the biggest oil reserves on the planet. They didnt allow US companies in. The US then started a campaign vs Venezuela, claiming lies like Maduro is a dictator. Anyone who doesnt see this, has a low IQ.
which officials were involved in those rings?
Take this video not to dwell on my country's economic fall but to learn not to fall for any "politician" that's always telling they'll give abundance and money to the poor people.
No, they won't. They'll only enrich themselves and their families.
Why does this sound so familiar đ€
Socialism
@@shadow9743 it's what Trump promised, and we all know he delivered nothing. It's almost like politicians who refuse to learn anything end up in disasters
@@luodeligesi7238 đ€Ł
That's what populism is good for: let the idol of the people step on them while a scapegoat is blamed for that.
I really hate to say this, but this is happening more and more. The Inforgraphics Show, does a better explanation of the facts than any news service you can name.
Yes, the future collapse is engineered and that is also why so many dictators are suddenly popping up everywhere. New World Order!
Only believe half of what the local
or national news tell you.
Bro this explanation was garbage
Except them talking about how US policies crushed the economy, but ok.
I'm honestly impressed by how accurate this is. This was spot on.
It's a pretty impressive video indeed
LOL IS AS ACCURATE AS THE TOOTH FAIRY
@@MrDICKHEAD28 found the socialist
except for the part were they mentioned sanctions before 2013 where in reality the first sanction appeared in 2018
@@wekekke I thought there were some sanctions since George W Bush, they just increased significantly under Trump after the 2018 election?
An important note is that the reason why Venezuela needed to import food is because of Chavez colectivizing farms, which as usual, lead to farms failing and being abandoned and Venezuela stopped being food independent.
I also think you are vastly underestimating the effect that forcibly nationalizing industries ( sometimes at literal gunpoint ) has on the economy. Turns out that when companies see that the government can show up one day and decided that everything they own is yours, they don't really feel like investing in your country.
Do you have a source for Venezuelaâs self sufficient in food before Chavez?
@@HC-wo2tz dude, I'm from Venezuela, my father's family were farmers who came during the immigrant boom in the 40s/50s, their farms produced goods well until my great grandparents passing in the 90s, the farmers market nationally at least, was pretty serviceable and you could either live well as a producer, or consume good products as a regular citizen...
It happens everywhere socialism takes root. They want you to own nothing and be happy for it.
Exactly. This video is really, really soft on Chavez. When a nation moves from a mixed economy to socialism things always look good on the surface at the beginning as the government leverages the nations future by nationatization, massive spending in social programs, etc. but the chickens always come home to roost as they run out of private industries to steal from, destroy the incentive structure to invest, and plummit into debt.
â@@drzerogiIdk it seemed to get it pretty correctly, it definitely showed how bad Hugo Chavez was and even quoted an oil exec that in short terms called him an idiot which is true. I think like a healthy economy that needs diversity, so does the governments systems. Not everything benefits from being privatized, nationalized, capitalist, socialist, regulated or deregulated. It's truly a fine balance between all of those things and Venezuela like many countries before it has fallen to huge failures in all of those measures. And more and more now the US is experiencing those failures in a very different way. One thing is certain, if government bodies refuse to balance out those systems then they do eventually rot and fall apart.
My dads from here, He said it wasnât as bad as a child and when he got older it slowly got worse
Because Chavez destroyed the oil industry and national industries through a nationalization policy, everything the got was imported till the oil collapse and with that the whole economy ...
It always does. A socialist system always "gets worse", there is NEVER a successful outcome for socialism until that socialist system is abolished. No matter how good it might be or get it will always decline into a dictatorship and poverty for the people. That is the ONLY logical path for socialism. Happens every time.
@@amysnews6808 Venezuela wasnât socialist until the late 90âs tho.
@@claudinis29 Venezuela was run badly and was corrupt, that was the main problem. UNDER CHAVEZ IT GOT MORE CORRUPT! AND THEN UNDER MADURO, EVEN MORE CORRUPT. Socialism obviously made things worse but ineffective govt is a major reason
@@amysnews6808 I come from a "socialist country" and we are doing really well over the last 70+ years and it keeps getting better. Yes we do have mishaps every now and then but we dig our way out and learn from mistakes and be come stronger for it. We are a small nation who died for our freedom against the rich, powerful and corrupt. Now one of the richest countries in the world.
2:43 No wonder that man is so sad: he's about to eat soup with a fork
Kinda sums it up. Expecting something to put a fork in. But then, rationed some soup and free gasoline.
Is it chunky soup...? Commercials says soup you can eat with a fork.
Chuck Norris can do that.
I heard he could eat noodles with a chopstick. Not a pair, just one.
There is no soup in that bowl
2 points:
1)Wait until we are all driving electric cars and you cant give oil away.
2)Alaska, Norway and SArabia used oil profits to set up mutual funds for their citizens when times were good. Now both places write checks to their people yearly.
But Iran, Venezuela blew their money.
And Trinidad, right next door đđ
all electric cars is probably 100+ years away.
â@@foodini666Maybe, but an electric majority could happen within 10-20 years
Unfortunately, there isn't much unique in Venezuela's situation beyond the over-reliance on a single commodity. Other countries have been only slightly better protected against and less quickly dismantled by unrealistic expectations, populism and overall inconsequence.
Any other venezuelan here remember back in like 2016 when stores were like completely empty and you couldn't even find flour or toilet paper to save your life? Yeah that wasn't fun...
True, I'm Colombian and I remember watching and hearing that in the news, I'm happy that most of Venezuelans that came to Colombia now live better even though our country has not been really well this past years
How's the situation there now, amigo? I'm from Brazil and we managed to elect an president here that was against everything that Chavez and Maduro represent, but our system is overflown with leftists. I fear for my future.b
@@adisonnanet Do you think Lula will defeat Jair?
Clearly, I was another victim of that âinvoluntary weight lossâ, my mom would boil plantain peels and season them to try to make them taste like the meat we couldnât afford!
@@MBBurchette not a matter of defeating or not. Bolsonaro have an large amount of approval from the population, and he could easily defeat any other candidate.
The problem is the chance of fraud or something else.
A video about my country. Thanks guys!
Paisano!!!!
Espero que como mĂnimo hayas pirado
*our* country
Aww yea we all Venezuelans here đ»đȘ
@@fabmario You got the point. No need to be nitpicky
A bit simplistic explanation for the sake of time, but perfectly valid for someone who is not Venezuelan to start to understand what's going on there in 10 minutes. Excellent job doing this video and without any bias.
There is bias because they don't mention US interventionalism/imperialism. For example, the Bay of Piglets and the unilateral sanctions on the nation which under UN convention is criminal.
@@binnahgondwe5158 I'm Venezuelan, you not.
And Venezuelans in Venezuela don't want the opposition in power. They may not like Maduro, but they don't want anyone else either.
@F P Isn't so easy. They want Platanote out, but the problem is about the opposition itself, there's no unity between the different factions, and that makes it easier for him. If there's unity and the right strategies, then the opposition could have a real shot to take power. They wasted every opportunity and the next electoral cycle will be another failure thanks to their lack of unity.
@@rrnunez Iâm Venezuelan also, and there were biases for sure, but nothing that important. A good video overall.
My wife is from Venezuela. She has told me about the brutality, suffering, and how the hyperinflation ruined the nation. Yet I still want to visit the country.
never go there
Venezuelan here, make no mistake that military dictatorship that ended on 1958 was the most prosperous time on our country history, the dictator back then Marco Perez Jimenez left institutions and the best infrastructure that is still standing to this day, our money back then was worth even more than the US dollar for a time, he was replaced for a extremely corrupt bipartidism political system that destroyed everything he did and created social unrest, that social unrest let to people voting for Chavez because they wanted to go back to the good old stable times with a military leader, but people didnÂŽt saw his socialist tendencies, he was elected and slowly transition the country into a socialist state stealing billions of dollars in the process...
YEAH BUT LEFT THE POOR POORER
MR. IM VENEZUELAN
CHAVEZ WAS THE GREATEST THING TO VENEZUELA SINCE SIMON BOLIVAR
venezuelan fascist who has an overly romanticized view of the past, more like
A couple of goverment lackeys got upset
Exactly.
Iâm not a fascist but fascism > communism most of the time, especially in societies with endemic corruption. Too bad the Venezuelans thought they needed either.
Great video!
I am impressed by how unbiased it was and didnât know much about this before.
One of the best videos so far!
I like how the infographics show always give information on history like this, watching these videos is the best way to spend time on CZcams
@@paytonkruse9745 That's far from true.
They completely ignored the impact of the sanctions put on the country. Which was either very ignorant or very dishonest.
@@tobythompson199x True, good point. Although the video is more unbiased than most.
@@deteon1418 Don't get me wrong, they do a a lot of good and unbiased work. But they also do some seriously ignorant and one sided videos as well. Just shows you can't ever rely on a single source for your information.
Thank you for such a great snapshot of history. I immensely enjoy your narrative and the way you break it down, so easy to absorb! Super sad for the Venezuelan people though.. was running parallels with Russia.
Very accurate! Thank you so much for taking the to create this video. đ
I am Venezuelan and im really glad to see that somebody has taken notice to our country as much as I would like to go back to my country it went from a great beautiful place to a broke dangerous place
American friends learn from this video, this is true, living here is a nightmare. Please the next time you want to give your opinion and support the government just keep your mouth close!!
Most of us Americans hate our government. It's a circus
The scary thing is that the same thing is happening in the US. Bernie Sanders is a straight up Communist and made a near good run for President on the same promises. The young people believe these lies and don't even know about the Cold War and how evil the Communists are/were. They are too busy being taught to hate themselves if they are white and their parents work for a living. Good luck. I worked in your country a few times just before Chavez and live in Colombia now. My heart really goes out for you
@@geoffwalters3662 I can assure you the current snakes in power will never allow bernie a chance. He isn't establishment enough nor suits their agenda
@@brettcatterall7761 No most of us Americans do not hate our government.
@@kappadarwin9476 i use to work for our local government. Watched millions disappear into pockets. Over ordering and over paying for chemicals just to be thrown away or give to employees for kickbacks. What's not to love about the US government. I love when tax payers money is pocketed. Said nobody
As fascinating as it is to hear about how economic and societal collapses like this happen, like watching a plane crash in slow motion, it saddens me to think how many people like myself have been left ruined with no clear way out of their situation. I hope that someday soon the people of Venezuela can rebuild for the better.
You could have a 10 second video that sums all of this up in a single word. What went wrong with Venezuela? Same thing that has gone wrong in every other successful or poor nation in the world:
*Politicians*
So you would rather we be just hunters and gatherers than, gotcha.
US covert interference and sanctions
My countryđ„șđ»đȘâ€ïž
I am sorry
@@PrtapayEscapeAST it's not your fult it's your gaverment fult
@@user-sq3pw9oi8g huh
đđđđ
Itâs so sad to see whatâs happening in our country
When your country rely on one income itâs always goes down this road eventually
Norway wanted to buy 40% of Volvo back in 1978. Payment for the 40% would be 200 million crowns and 10% of all oil and gas found in Norway, in perpetuity. Volvo turned down the deal...
And I think other Oil Rich countries should take note of that.
Create a Backup Plan for the economy, when the oil runs out.
Thanks for that information!
Amazing video and great editing
They nationalized their natural gas and oil industry, and suddenly they couldn't keep up with prices due to this, and everything fell apart starting in 2014
@Shamohhh no
Venezuela failed because of US sanctions. Nobody was allowed to buy anything from Venezuela including oil which collapsed the country and its economy. It's just like if you put sanctions on Saudi Arabia the same thing would happen to them. Without sanctions for two decades Venezuela would be just fine.
@@lukemurray4950 that would be true, except everything began to fail starting around 2015 and us sanctions didnt begin until 2019. Good try though.
...
@@tdmuck5701 that is a lie. America have had different forms of sanctions on Venezuela since 2000. This is how little people know. They have been trying to control the government with attempts on leaders lives since the 90s. If you haven't realized yet America must control all the oil.
It's very simple if they are allowed to sell their oil freely then they get money, if they can't then they don't have money. Same thing would happen to the Saudi. This is all because they wouldn't sell the oil in the dollar and Saudi will.
Plus even if what you say was true then why stick sanctions on a country that needs money??? FYI the 2019 sanctions were about stopping imports to Venezuela which America hoped would lead to a food crisis but Venezuela have enough food grown to feed it's people. The oil sanctions have been on for years like I say among other sanctions.
Media tried to its classic "he is starving his people" move not knowing they had enough food without imports, it's just certain goods people can't get.
Infographics makes history more important to learn from.
This isn't history it's almost propaganda. Venezuela failed because of US sanctions. Nobody was allowed to buy anything from Venezuela including oil which collapsed the country and its economy. It's just like if you put sanctions on Saudi Arabia the same thing would happen to them. Without sanctions for two decades Venezuela would be just fine.
@@lukemurray4950 how come Venezuela doesn't sell oil to UK or China? Those countries use a ton of oil. Venezuela has long lines at the gas station even though they had huge refineries before socialism took over. They can't even sell the oil to themselves. The people have money to buy oil which is why they waited in the lines to begin with. Production is the problem and socialism always politicizes the industry and efficiency suffers for it.
@@lukemurray4950 Jesus. đ
@@vitalstatistix1933 nothing to say? Didn't think so.
@@lukemurray4950 Sweetheart, you impress no one. Shove your opinion back up your ***. đ
This video is the best video on what happened to Venezuela that I have found and like most things in life itâs more complex that it looks
It is so fkn rare to find anything these days that is truthfully unbiased... I'm amazed. Thank you
It isnt that it is unbiased, it is that it represented the bias of both sides well.
Some aspects resemble Erdogan's Turkey. Hope it doesn't end in a similar way.
Both communist, Turkey is only of the few countrys in the world that still does businesses with Venezuela, alongside China and Russia
India too., Except oil industry is replaced with services.
Pretty sure Turkey is on the same path , Erdogan also thinks it'a good idea to print money .
I visited Turkey in the early 90's. Beautiful country. The people deserve better than dictator Erdogan.
Erdogan's Turkey is everything that Chavez's presidency was except without the social welfare to at least disguise the terrible situation.
I have a Venezuelan friend
Its a chaos in all senses
Iâm Venezuelan, this video is the best/most to the point/less biased video Iâve seen. Great job!
I'm venezuelan and socialism had directly much responsibility about our crisis. When ChĂĄvez came to power, as this video describes but unfortunately not in a very detailed way, he started a gradual but fundamental process of intervention in the economy by hands of the state, gradually, the government suppressed private sector, made more bureaucratic having a private business, nacionalized thousands of privates goods, enterprises, properties and while Venezuela increased public spending they intervened our currency, establishing exchange control who were very negative and provoqued the hiperinflation. In certain point, Venezuela became adiccted to print money, specially in the years 2013-2014, when oil prices fell and venezuelan dependence became more dangerous. What Venezuela needs is no more populism, tyrants who don't want to leave the power like chavistas, a diversified economy, reduction of bureaucracy and, for example, solid/eficcent institutions. We need a liberal free market economy with good public services. In a certain point, countries like Australia or Singapore are a good example about what we have to do in our ruined nation...
Why does what you are describing sound like communism and not socialism?
Hopefully, the country of Venezuela will become healthier and well conditioned for living life in the future. They need a fairer and a more freedom based government system.
Sending positivity to the Venezuelan citizens from my home country of the United States of America. đșđž
I am a very young natural born U.S.A citizen and I strongly advocate for freedom.
Americans need some freedom, last I checked the US govt has a 20% approval rating. One day someone will export 'freedom' to the americand and liberate them from their dystopian regime đ
@@xerogue yup, but 4 years of "rabble rabble Trump" has ruined people's perspective.
@@twuandixon8675 US govt approval has always been consistently under 50% đ Trump Biden Obama Bush all the same
@@xerogue that's what,these Americans wants to spread freedom to others when their whole political situation is equally chaos for example private people controlling their banks and medias and medias helping elect the president by launching campaign against their opponent and we all know what they did in Afghanistan and Iraq
@@giggitygiggity5986 couldn't have said it better
One of the most accurate explanations I have seen to this day.
Venezuelan here, Iâm 27 lived in the US since I was 8. Trying to get informed about my country of origin. Thanks for all the easy to digest info!
They forgot to mention how Cubas involvement is another reason venezuela went down the drain
Jesus loves you
I heard from the CZcams and Quora propagandists that it was America.
They also completely failed to explain the impact of the sanctions.
@@tobythompson199x Venezuela isn;t prohibited from buying food or medicine OR to trade with every other country in the world. Is just that USA dosen't buy venezuelan oil anymore.
Is ironic, that you say that socialist Venezuela needs to rely on capitalist America in order to survive? Just like Cuba... they both can trade with everyone else, but you are butthurt because USA dosen't want to buy from them...
@@vic8695 Wow you aren't very smart are you? I'm betting you don't even know what socialism actually is. Lol capitalist America?
Another Venezuelan here! Amazing video!! Thanks for explaining this with such accuracy! Actually my profile picture was taken on 2017 during one of the most intense protest against the âgovernmentâ thatâs me!
Thanks again Infographic show! Been a fan since you guys started!
Are those rocks effective? Have they thought about banning rocks? Or are the criminals going to have rocks anyways, therefore it makes no sense to ban rocks? đ
@Hero I donât think he lives there anymore because over there itâs so expensive he wouldnât afford internet and stuff
@Hero basically east Germany it just exist no government
Good, thorough explanation and history lesson. Many people blame Chavez and Maduro which is fair but Chavez and Maduro didn't just happen for no reason. People like that never do. The downward slide started long before they came on scene. Plenty of blame to go around.
Great video
As a Venezuelan loving abroad⊠great video! Good research.
1. Dont put all your eggs in one basket.
2. Invest in yourself.
3. Dont accept help from loansharks.
4. Dont spend what you don't have.
Got it.
Great summary.
Invest in yourself?If ya gonna do it do it 100%
When did they talk about loan sharks?
@@GusOfTheDorks the IMF's
@@kevineknar9136 the IMF didn't to anything wrong. Why would you give someone a loan if you know they're just going to blow the loan and completely waste the money? The IMF telling them to do all that stuff is like telling a bankrupt person they have to get rid of their bad drinking habits before you give them more cash.
Very informative. Thank you for the content. One small thing...most of the flags pictured are of the Colombian flag. No shade at all, I just happened to notice because I'm Colombian â€ïž
Hey don't contradict this video! They said they used UNBIASED people to research it, so that means they didn't get anything wrong. When people say they're unbiased they MEAN IT, so you better believe what they say, or be censored..........um, I mean "canceled".
@@jameseverett4976 spirit can't be "cancelled"... James
@@jhoney8870 He's being sarcastic... obviously.
Yes, darling, "obviously".
@@OhHamburgers0258 lol...ok baby
Brilliant Video
How i didn't see this video before... I'm Venezuelan and u just explained as clear as possible what is the problem and what is been happening through the years, GOOD WORK!!!
*Venezuela will be in my thoughts and prayers!*
I love your channel and the quality of your work. As a Venezuelan who scaped to Argentina I deeply appreciate that you made this video and seriously studied about what actually happened and keeping it so objective and on point.
I really appreciate and thank you for doing such a great job, because this is one of the very few channels that actually cares about information and facts instead of an agenda. Keep it up man, you're awesome!! :)
But now Argentina is going the same way down đą
Oh dear, i see you're really haunted by inflation in your life
I taken exception as your snide pejorative terminology: trickle-down economics. It's called supply-side economics and it did work
I love your videos! I wish you had spanish version so we can share and educate our community a little bit!
I'm reminded of Trotsky's assessment of the 'congenital incapacity of the proletariat to become a ruling class'. Any socialist efforts that rely on an unbridled party bureaucracy will inevitably lead to stagnation, privation and rampant corruption.
I'm from Brazil and I saw so many migrants from Venezuela. It was the first time i saw entire families asking for money at the trafficlight until almost midnight which is a very dangerous thing to do.
@infographics the video is crystal clear. Also please do a Video on how Venezuela can recover from the current crisis. What are the steps it needs to follow to avoid this situation? Kindly do â€ïžđđ»
This cannel has taught me so much its wild I watch a video a day at this point lol
Venezuela is like the Detroit of America. Detroit's dependence on the motor industry was their downfall. Now they are expanding their horizon to other industries.
Democrat policies where responsible for Detroit downfall. Raise taxes .... Spend money you don't have... What could go wrong.
@@liviubajan6804 I agree and those riots too.
And now theyâre all on Old School RuneScape
I see u in the comment section my manđ
Finally well represented. Thank you
I was there during Caracazo in 1989. I remember while taking an English course in a private school was suddenly told to leave. My aunt and sister were there and we had to escape to the nearby subway station. On the street I see protesters throwing rocks and bus flipped on the street set on fire.
8:52 he taxed small businesses to the point they couldn't operate anymore and the small business owners were unable to keep their employees because he demanded better benefits to make himself look like the good guy, instead of helping the people that are actually trying to keep the country moving and produce not consume
Wow, one of the best videos on the Venezuelan crisis Iâve seen on CZcams, very well made. Liked
I'm venezuelan and all I can say is, this is on point, good job guys!
From my experience as a Venezuelan, I can tell you that the root of the problem here (and in Latin America in general but with a different name in each country) that has been present for more than a century is the "viveza criolla" (look it up online), all of the things that you're mentioning are important causes but still secondary behind that.
Exactly
I'm surprised up until now it's not mentioned
But who was the clever person or which country was the clever country who is the greatest seller of petroleum now who stands to gain the most whilst some things are true that's not the cause of the problem it's a man made problem deliberately made from outside
Wow! I just looked it up and it actually makes a lot of senseđ. It even succinctly explains my own views on the issues with many Latin American countries. It also explains why there is a high level of mistrust between the populous and the ruling class in much of Latin America. Venezuela's problems stem from the same problems plaguing much of Latin America. They were colonized by Spain and, as such, inherited Spain's terrible administrative processes. The Spanish and Portuguese, during their age of empire, were mainly focused on resource and human exploitation and used a feudal system of administration. This is in contrast to the British and French who, while having the same mind for resource and human exploitation, actually transplanted their more liberal-minded and economic methods of administration. The Spanish sent the elites to rule over various colonies they conquered or acquired while the British sent members of the lower and middle classes to work and build up the lands and territories they conquered and acquired. This had the effect making Spanish colonies two-tiered and more like feudal states compared to the more progressively-run and capitalistic (by contrast) British colonies. After colonialism, Latin America kept this model and it resulted in the current state of issues they face while British colonies in North America fared better by comparison.
@@orboakin8074 the British and French exterminated the indigenous population. They didn't mix with the natives because they did not considered them humans. So they didn't have to evangelize and educate them. They didn't build universities, schools, hospitals, 700 cities in a century for everyone. They didn't create a new culture.
I'm Venezuelan, and I left my country in 2017. I can totally say that your conclusions are accurate and totally right regardless of the political party you see them from since it is based on facts (not on biased polĂtical perspective). Well done! đđŒđđŒđđŒ
Venezuelan here ! The video is perfect and the most accurate I've seen so far. Except for rhe flag !! It has an arch with 8 stars on the blue stripe, without the stars it's just the colombian flag and not Venezuela's. Thank you.
the actual flag has 7 stars.. the 8th star was added by the communists.
@@piero_hernandez I know and I agree and it should be 7 but the fact is that it now has 8 so... We can't do anything about and it has 8 whether we like it or not
As a Venezuelan, I thank you for this video. It's extremely accurate. You have done an excellent research. Thank you very much!!!
Me and you should run off to Jamaica and get married.
@@johnutube1894 i fell in love
@@devtekve1396 đđđ
Please do one from El Salvador đžđ» how the country went from being the most violent to one of the most safe countries in LatinAmerica
Saudi Arabia: We have the largest oil plants
Venezuela: Actually I beg to differ
Qatar: *Hold my halal food*
Qtar has gas
But Venezuela has more oil
Venezuela also has a lot of resources like gold diamonds uranium and a lot more
Saudi Arabia invested all the oil money while Venezuela wasted it.
@@staC-wh6ik saudi arabia was an ally of the US and Venezuela was not.
That's the only important factor.
Venezuela was the most prosperous nation before the great recession caused by the western powers.
@Shamohhh Stop spamming dude, you risk loosing your channel.
Its really hard for them to really get out of this situation for I see really. They might have a large oil reserve which they could sell completely or a large percentage of it to get money and diversify the economy. But doing that might make the corrupt politicians spend on themselves forget the economy and once again crash the economy and make the people pay the price.
Amo a mi familia Venezolana! đ»đȘ đ
Good video
Make videos on US pullout from afganistan
American channel wouldn't đ
Dark humor is a lot like food in Venezuela
Most people don't get it
Stalin jokes are like children in communist countries.. most never grew old
ItÂŽs a discussion we repeat around the dinner table over and over and over again. Just to never forget again.
This sounds like the most unbiased explanation I've heard so far
Thank you for making a video about my country, I used to be a fan now Iâm whole A/C unit đ€Ł
Sad, so much of this is happening at home here. I met one of my now best friends online gaming from Venezuela. He constantly messages me worried about the censorship happening in the US. He talks about the people losing their voice there and sees it here.
Private businesses are allowed to censor you. The government is not, which is something someone should have told Trump when he was attacking the the first amendment during his presidency.
@@kappadarwin9476 Who said anything about Trump? I was simply sharing my friends comments that went through censorship. It doesnât matter where it comes from, itâs wrong.
@@kappadarwin9476 JOE BIDEN ADMITTED OUR GOVERNMENT IS WORKING WITH FACEBOOK TO CENSOR AMERICANS, IN WHAT WAY DID TRUMP TRY TO CENSOR AMERICANS???
@@bobspizza7444 Provide the source. I would love for everyone to read that.
@@AlE-kc7yw they admitted months ago. Jen psaki said they are working together. Just look it up
I love this channel. But the lack of stars in the venezuelan flags in the video is driving me crazy
Did a project on Venezuela in the 5th grade sad to see this happen now đ
Oh man, Venezuelans know how relatable it is to have gone to a supermarket and finding like 3 corridors filled with empty shelves.
The worst part is, one of the reasons why Venezuela hasnât changed for the better is because people care more about what theyâre going to eat the next day rather than the popular politician.
The country should just be destroyed if you ask me since there is NO hope for it.
The scarcity of those days actually has ended for the most part, the problem is just being able to afford it now. This is because the country is now dollarized and everything is ran by dollars but getting dollars legally is still an issue.
@@Mario87456 i think the same ...they are awfull people..they have what they diserve
8:10. Supply side economics worked quite well for Ronald Reagan. And JFK.
A good friend of mine from school actually moved from Venezuela like 2 or 3 years ago. The situation round there is super screwy
I was teen in the 80âs in Venezuela. For a short video and 10000 meter point of view this analysis is accurate, however, the devil is in the details. Things to consider: The Caracazo event was promoted by Venezuelan left and Cuba, the new government had only 45 days in, gas price increments were going to be implemented gradually, there are several books written on the subject; the IMF was not the main reason for economical changes, it was to emulate the recent âsuccessesâ of counties that applied similar policies, a weak and naive political/military class was not able to handle the Caracazo and ChĂĄvez coup properly. Iâm sure there are some other things, but the mistakes that lead to rise of Hugo ChĂĄvez to power are critical inflection points of the current crisis.
Unbiased and informative. Thank you infographics.
Someone in your teams should get a paid cut just because they don't know the difference between the Colombian flag and the Venezuela one.
all it takes is one click towards wikipedia
They might have decided to leave the stars out for some reason, but the stripes are right on point. In the Colombian flag the yellow stripe is wider than the other two. In the Venezuelan flag the three stripes have the same width.
Very good explanation! With apples and animated so everyone can understand something that is difficult even for Venezuelans.
A very interesting and informative video. Not only has it given insight into the current situation in Venezuela and the reasons that things are the way the are, but it is also quite right about how political pundits of the two major polarities have used this issue as a political football in order to help further their agendas. I wish to highlight one aspect of the Venezuelan scenario, as it relates to the political climate in the USA, with impending ramifications for, the rest of the world. Hugo Chavez, as an officer in the Venezuelan air-force had tried to stage a military coup against the then democratically elected government, only to be voted into power a few years afterwards. With the wind of popular-ism behind his back he was then able to ignore the constitution, and get his own way with regards to public policy. It all seems similar to the current situation in the USA where the leader of one of the two main political parties that comprise the government, has tried to do the same, by trying to prevent the peaceful transition of political power, after losing the 2020 elections. it is said that a word to the wise ought to be sufficient. Along with the rest of the free and democratic world, I now wait with an abated breath to see what will transpire, and the consequential repercussions to follow not only for the USA and Americans, but for the whole of human civilisation.
Awesome English video about the contemporary history of my country; my younger children recommend me this video, my heart always is broken đ and I have my beautiful country in my thoughts every day! Now, Iâm living in Canada with my family but my heart is on đ»đȘ. The worst thing that happened in my country was the socialist and dictatorial government that destroyed our country.
Ceasing private property gee I wonder what thatâs called?
A mix of communism and populism
@@Howtohandlemebaby8173 communism is what comes after socialism! Communism is a moneyless classless society with no hierarchies. In a real communist society there is no government! Go and read up on the differences between socialism and communism!
@@abdimohamed1315 you're right: it's anarchy
@@LadyVader33 no itâs not, you can look it up in 2 minutes
@@eidjdusiksox190 that's what communism creates. And that's the disaster in Venezuela
Exactly tht situation in Nigeria right now
this is so accurate
Excellent video. One thing though: âTrickle downâ economics is a gross misunderstanding of supply side economics.
Tricke down works because a company that makes profit can pay its employees more. A company that is in dire threat of being regulated by the government will spend that money to bribe politicians to avoid the regulation. Socialism is a giant government regulation that is difficult to bribe away so they just collapse instead
@@funveeable trickle down economics doesn't work according to literally all the economic literature.
@@xerogue *that youâve read
@@benrosauer297 link me some where there is unequivocal evidence in favour of trickle down economics.
@@xerogue Google the âReagan Boomâ and there are plenty
That's not Venezuela's flag....
Venezuela đ»đȘ
nope, it is the flag of colombia
Other than the colombian looking Flag, is a pretty good and direct telling of what has happened to this day...
All one can hope is that people take notes and learn from this
So pretty much Venezuelan politicians are like politicians everywhere else. Power and money corrupts them all and the regular citizens pay the price.I hope the good people of Venezuela and the rest of the world can somehow find a way to thrive.