Why did Venezuela collapse? Watch this short excellent explainer video
by Mark Frauenfelder from on (#4TNV3)
Venezuela, one the wealthiest countries in Latin America, has collapsed. The economy is in shambles and people are starving. What happened? I watched this 7-minute explainer by Vox and feel much less ignorant than I did. I also see many parallels between what happened in there and what is starting to happen in the United States. Venezuela's problem doesn't have anything to do with it being an ostensibly socialist government. It has to do with the rise of authoritarianism.
Image: YouTube/Vox