How Venezuela's Economy Became a Disaster

Get a free 14-day trial of Odoo’s all-in-one business solution and see how it can make your life easier! Check it out at → https://www.odoo.com/r/nag Venezuela, a nation blessed with the largest oil reserves in the world, has shockingly transformed from a potential powerhouse to an economic disaster. In this video, we dive into the mismanagement that led to a collapse so severe that international agencies stopped tracking it. Explore how internal failures and external pressures pushed this once-promising country to the brink, and whether there's any chance left for a recovery. This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️   / economicsexplained   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Check out our other channels ▶️ Epic Economics @EconomicsIsEpic Context Matters @Context.Matters And our Language Channels → WirtschaftsWissen (GER) -    / @wirtschafts-wissen   L'Économie Expliquée (FRE) -    / @economie-expliquee   Economia Explicada (POR) -    / @economiaexplicada-cz7zi   Economía Explicada (SPA) -    / @economia-explicada   اقتصاد العالم (AR) -    / @aqtisadalealam   経済会話 (JP) -    / @keizaikaiwa   ✉️ Business Enquiries → [email protected] 🎧 Listen to EE on Spotify! 👉 https://open.spotify.com/show/5TFVUEJ... Also on Apple Podcasts or anywhere else you listen! #EconomicsExplained #Venezuela #Odoo ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉   / economicsexplained   👑 ROYALTY CLASS 👑 Juan Benet UPPER CLASS Valkmit, Randall, Charles Youngs, Jeromy Johnson UPPER MIDDLE CLASS jenni himelic, Tarun B, Ernest Hua, Michael Wakim, Pineapples&bricks, Robert Abraham, Peter Wesselius, Michael Ling, Frank Soltero, Jay Eno, Grégoire Duchéne, Sophie G, Brett Jubinville, Anthony Roberts, Nathan Ngumi, JKH, Post Apocalyptic In Missouri, Laor Glukhovsky, Forodon, Paul Ashworth, Wendover Productions, Andrew Harrison, Shane Wailes, Igor Bazarny MIDDLE CLASS Julian Gilyadov, Eric, Larry Brown, Rudy Salazar, Bill Calkins, Per von Zweigbergk, Malleus Flavus, Backartoffel, Andy Giesen, Christopher Kastensn, Aryan, William Sherlock, Gerhardus, URtheOneNemo, Chris, Brian, Vladimir Zotov, Seth, Jason, Jamie Costello, Leah Klearman, PsOFa, Abel, Randall Sylvia, Eric Slimko, Empyre18, Kieran VR, Thomas Davenport, Kim Brand, Ted Marcy, Joe Ryan, Wees Kendall, Shane Guthrie, Karan Mehta, ToGER, Randy Cleary, Arjan, Liubov Zvereva, Michael D. Hall, Long Phan, Craig Mews, Kent Klatchuk, Roman~1, Wesley Fite, David Mcllveen, Anthony, Daniel Alberto VAjzqu, Kamil Sicinski, Dodd Willingham, Leo Vassershteyn, Michael KAYarbis, Hugh Harris, David W., DarH, will, Kheng Lai Tan, David Taylor, Scott Greenwood, Jane Walerud, Zachary Demko, Michael Wolff, Siegfried Eggt, PM, michael, Franklin, Trevor, Marcel Roquette, Daniel Hall, Connor Costello, Kevin Macintyre, Travis Thompson, Matthew Eggleston, Kenneth Lum, Zachary Kasow, Reuben Field, Nigel Pauli, Jacob, ABS, Matt McKee, Victor T., John c, Rimvydas, John Downie, Donald Wedington, Demo sthenes, Ed The Economic Explained team uses Statista to conduct our research. Check out their YouTube channel:    / @statistaofficial