Venezuela: How A Rich Country Collapsed
Venezuela: How A Rich Country Collapsed
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...
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...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."...