logo
episode-header-image
Aug 2024
16m 42s

The Most Mismanaged Economy in the World

Economics Explained
About this episode
Venezuela, a nation blessed with the largest oil reserves in the world, has shockingly transformed from potential powerhouse to 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 count ... Show More
Up next
Jun 1
Why Essential Workers Are Going Extinct
📫 6,700+ read our free newsletter that has weekly original stories Sign up: → https://economics-explained-tv-program.beehiiv.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices 
16m 28s
May 29
MIT Just Found The Cause Of The AI Bubble
📫 6,700+ read our free newsletter that has weekly original stories Sign up: → https://economics-explained-tv-program.beehiiv.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices 
17m 46s
May 25
Has the World Become Uninsurable?
📫 6,700+ read our free newsletter that has weekly original stories Sign up: → https://economics-explained-tv-program.beehiiv.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices 
16m 56s
Recommended Episodes
May 2024
#470 | The Collapse Of Venezuela
In this episode, we'll explore how the country with the largest oil reserves in the world managed to implode, plunging its citizens into extreme poverty. We'll discover how a mixture of economic decisions, political ideologies, and external pressures contributed to the country's ... Show More
20m 55s
Aug 2021
BONUS: Venezuela's Rise and Fall
Venezuela is facing an economic and humanitarian crisis as extreme poverty and violence have forced many to flee the country in recent years. How did a country once wealthy with oil resources fall into such turmoil? See pcm.adswizz.com for information about our collection and use ... Show More
55m 6s
May 2020
Venezuela: 'The world's weakest economy?'
A third of Venezuela's population is at risk of malnutrition, according to the UN and the latest gasoline crisis could weaken the country's economy further. Entire villages are said to have been cut off from food supplies because trucks can't get fuel to deliver to them. That’s t ... Show More
17m 28s
Sep 2013
Venezuela - Out of Stock
Despite its massive natural oil wealth, Venezuela is a country sliding into recession, and has one of the highest inflation rates in the world. With prices of some products rising as much as 50% or more annually, the crisis presents a simple human predicament - how to lay your ha ... Show More
28m 8s
Oct 2024
How Venezuela imploded (update)
(Note: A version of this episode originally ran in 2016.)Back in 2016, things were pretty bad in Venezuela. Grocery stores didn't have enough food. Hospitals didn't have basic supplies, like gauze. Child mortality was spiking. Businesses were shuttering. It's one of the epic econ ... Show More
23m 9s
May 2019
El Libertador
Venezuela is facing an economic and humanitarian crisis as extreme poverty and violence have forced many to flee the country in recent years. How did a country once wealthy with oil resources fall into such turmoil? Through the lives of two revolutionaries turned authoritarian le ... Show More
54m 39s
Jan 2019
Ep. 47 | Venezuela's Utterly Avoidable Catastrophe | Guest: Brian Brushwood
Venezuela's economy hit rock bottom, then just kept digging straight to the septic tank. Now there are rival presidents vying for power over a starving populace. Magician and deputized foreign policy expert Brian Brushwood joins Heaton to assess the once-wealthy nation's plunge i ... Show More
1h 3m
Aug 2022
War in Ukraine: Venezuela's oil opportunity?
Russian aggression in Ukraine and the world's quest to end the dependence on Russian oil and gas has created an opportunity for Venezuela to negotiate an easing of the US-imposed oil sanctions. But, as Ivana Davidovic discovers, there are also many pitfalls on that journey.Venezu ... Show More
18m 4s
May 2024
What’s holding Latin America back?
It's a region blessed with incredible natural resources, from copper to lithium to rich agricultural lands. It’s home to vibrant cultures, amazing music and creative and talented people.And yet it has never fulfilled its enormous economic potential. All too often it’s lurched fro ... Show More
20m 45s