Venezuela: How a Rich Country Collapsed | Oil, Power & Politics
Автор: ExplainIt Telugu
Загружено: 2026-01-21
Просмотров: 3
Описание:
Once upon a time, Venezuela was one of the richest countries in the world — richer than Dubai and Saudi Arabia, thanks to its massive oil reserves.
With 303 billion barrels of oil, Venezuela had everything a nation could dream of.
Yet today, the country is struggling with inflation, poverty, shortages, and economic collapse.
So what went wrong?
In this video, we break down:
How oil made Venezuela rich
The role of American oil companies
Hugo Chávez’s rise and policy decisions
Why oil nationalization backfired
How production collapsed and debt exploded
Why the U.S. still cares about Venezuela
The geopolitical angle involving China, Russia, and Iran
This is not just Venezuela’s story —
it’s a lesson for every resource-rich country.
👉 Watch till the end for key takeaways.
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