The Impending Collapse of Venezuela || Peter Zeihan

After years of mismanagement and corruption, Venezuela may have finally reached its tipping point.

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#venezuela #oil #maduro #collapse

[Rgdonaire_]

Venezuelan here living abroad. Venezuela ended up worst than Cuba. Power cuts, corruption, mediocre administration, authoritarism and the list goes on. Chavez and his cronies put the country on a deep crisis unseen before. We were not a perfect country before, far from it, but the decline has been brutal the past 20 years. I really hope we don’t end up in a deeper crisis and I hope your predictions don’t become a reality.

[sheikhboyardee]

I lived in Venezuela from '90 to '94, two years in Caracas & two years in Maracaibo. It was a corrupt democracy & much was stolen by politicians but much also got through to the citizens. The good news was that everyone had a job & there was upward mobility within the jobs & the stores had every consumer good you can imagine, especially food. The people wanted "something better" so they voted in the socialists & everything has turned to crap over the past 20 years. That's the bad news. Now there are no more zoo animals because they have all been eaten, no stray dogs or cats because they met the same fate, most people have lost 20-40 pounds due to a lack of food, & 1/3 of the citizens have fled the country. remember this next time you vote, no matter what country you live in.

[moon_knight]

for all those fans of Authoritarians (of any ilk) this is where it eventually ends up.
so have a good hard think on this.

[Zsty_Str]

Venezuela collapsed years ago.. i had a boss from Venezuela working in the UK, and he would say that he wouldnt go back to Venezuela if you put a gun to his head...

[anjuro]

In 2006-2007 I was attending a management course in Vancouver. Two of my classmates were a married couple, chemical engineers from Venezuela. They didn't have a single good word about Chavez, Chavistas, PDVS and everything that went with them. Couldn't stop patting themselves on the back for having been able to get out. I bet they're looking back and thinking it was the best decision in their life.

[jackp]

It's so sad. Been to Venezuela in the 70s, people were very nice, culture all over. I can't imagine what they're going through.

[davidklausen]

Teetering on the brink of being a broken state? Venezuela was a broken state 15 years ago. What's happening now is the rotting and putrefaction of a corpse that's been dead for some time.

[lloyddossantos]

Went there twice once in 2012 when Chavez was in power and it was a very scenic country with good infrastructure and lovely cuisine. Returned with my wife 2 and half years later to a place of such destruction and seeing the start of what is now bordering on to a failed state. 😢

[malinamorales]

I thank God every day my father left Venezuela and had me in the USA

[AZ]

I had a job in Venezuela in '98 working in a shipyard near La Guira/Caracas. An astonishing country that made quite the impression on me. Things I clearly remember:
The people (most of them) are the loveliest you could hope to meet.
Avocados the size of footballs
Petrol was almost free, something like 4c a litre
Excellent quality rum!
The centre of Caracas glittered like Milan, but surrounded by some of the most dangerous shanty towns you could imagine.
Most of the men had knife scars
I saw my first dead body
The food was amazing
Crazy place, hope they manage to rebuild somehow...

[blueyhis.zarsoff]

They ran out of other peoples money...

[joseangelucci]

As a Venezuelan we have been waiting for this moment for a while. But how can they allow democratic elections IF they run the biggest Cartel in Venezuela.

[thermalreboot]

Sean Penn owes the people of Venezuela an apology.

[nagasako]

The fact that violence in Caracas is worse than the most gnarly parts of Gangland Cape Town / Sinaloa is telling. The Resource curse is real.

[gagenater]

If you are wondering where all the professionals that used to be Venezuelans are, take a visit to little Venezeula in Houston - we have a huge number of expats, mostly engineers, doctors, lawyers, and other educated people.

[jessejohnson]

This is where Peter is at his best, intelligently talking about macro logistics.

[pbreedu]

Their are a lot of Venezuelan oil experts in Fort McMurray home of the Alberta, Canada oil sands. The oil sands companies even sponsored a program to teach them how to deal with very cold winters.

[PeterSonners]

There should be a show called, "Where in the World is Peter Zeihan?"

[EugeneHorak]

Please do some episodes about the future of south africa

I've noticed that Left-wingers, especially here in the States, are more than willing to throw all the blame for Venezuela at the feet of the USA for x, y, z but Peter gives a well thought-out explanation. Who knew centering your nation's economy around a single export and then mismanaging that export could have negative consequences?