Premium Only Content

The Real Story of Venezuela's Economic Crisis with Ben Norton & Chris Jeffries | HR CLIPS
Ben Norton attributes Venezuela's economic crisis to the US-imposed economic embargo, which prevented the country from producing and exporting its crucially important oil resource. This embargo, coupled with the Dutch disease resulting from Venezuela's reliance on oil and unequal distribution of wealth before Hugo Chavez's presidency, created a dependency on natural resources and hindered the development of other industries. During Chavez's Bolivarian Revolution, oil wealth was used to fund social programs, creating housing units, healthcare, and education for millions. However, when the US imposed sanctions in the late 2010s, the heavy reliance on oil and technology from US companies caused significant problems. While socialist policies were implemented, the crisis was not caused by socialism, and the economic decline served as a warning about the potential dangers of dollarization, or selling oil in a currency other than the US dollar.
Key Moments:
00:00:00 US-imposed economic embargo
00:05:00 Hugo Chávez
#venezuelacrisis #venezuela #caracas #bennorton
John Waters | Legendary Film Maker
https://youtu.be/XttAjMmiPzE
Bill Ayers | Anarchism & Socialism | Weathermen Underground | #98 HR
https://youtu.be/EVz7Xa_6eRg
A Conversation with Cory Doctorow | Author, Journalist & Activist #155 HR
https://youtu.be/wXn9wy5bHq0
Youtube: https://www.youtube.com/c/homelessromantic
HR NEWS: https://medium.com/@chrisjeffrieshomelessromantic
Instagram: https://www.instagram.com/thehomelessromanticpodcast/
Twitter: https://twitter.com/_sleauxmeaux_
https://linktr.ee/ChrisJeffries
https://chris-jeffries.com
DONATE TO US!
https://patreon.com/thehomelessromantic
MUSIC INTRO by @JustinLepard
-
2:16:51
The Homeless Romantic
9 months agoThis Week In Decline
1252 -
2:05:30
Side Scrollers Podcast
19 hours agoEveryone Hates MrBeast + FBI Spends $140k on Pokemon + All Todays News | Side Scrollers Live
106K11 -
11:06
The Pascal Show
13 hours ago $1.32 earned'THEY'RE GETTING DEATH THREATS!' Jake Haro's Lawyer Breaks Silence On Emmanuel Haro's Disappearance!
14K -
LIVE
Lofi Girl
2 years agoSynthwave Radio 🌌 - beats to chill/game to
349 watching -
2:19:32
Badlands Media
1 day agoDEFCON ZERO Ep. 005: False Flags, Cyber Fronts & Global Power Plays
153K62 -
2:35:23
FreshandFit
9 hours agoWhy Black Men Don't Date Black Women Debate
43.5K38 -
2:03:42
Inverted World Live
12 hours agoBigfoot Corpse Coming to the NY State Fair | Ep. 94
111K27 -
6:16:23
SpartakusLIVE
13 hours ago$1,000 Pistol Challenge || #1 ENTERTAINER of The EONS Eradicates BOREDOM
87.4K2 -
2:33:37
TimcastIRL
11 hours agoTrump Orders Review of Smithsonian For Being Woke & Out of Control | Timcast IRL
194K84 -
3:09:10
Barry Cunningham
14 hours agoPRESIDENT TRUMP HAS TAKEN THE MONSTER AWAY FROM THE LEFT! HORROR STORIES WON'T WORK ANYMORE!
85.8K81