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Venezuela: How A Rich Country Collapsed

By Patrick Gillespie, Marilia Brocchetto and Paula Newton

AS/COA's Eric Farnsworth commented on the crisis in Venezuela, saying "I would call Venezuela a failing state."

Venezuela is running out of food. Hospitals are overcrowded with sick children while doctors don't have enough medicine or X-ray machines. Electricity isn't guaranteed.

About the only thing Venezuela has in abundance is chaos.

The economy has spiraled toward collapse, and a humanitarian crisis has plunged hordes into needless sickness and starvation...


Lea el artículo en español aquí.


...For several years, Maduro has had a stark choice: Pay down debts to China, Russia and foreign investors -- or buy food and medicine from abroad. He has chosen to pay the bills. The result: Starving Venezuelans and soaring deaths in hospitals. Food shortages are so severe that the average Venezuelan living in extreme poverty lost 19 pounds last year, according to a national poll...

"There are people in Venezuela who are literally starving. This is apocalyptic stuff," says Eric Farnsworth, vice president at the Council of the Americas, a business organization. "I would call Venezuela a failing state."...

Read the full article here.

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