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cover of episode How Venezuela imploded (update)

How Venezuela imploded (update)

2024/10/2
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Planet Money

AI Deep Dive AI Chapters Transcript
#politics and government#political commentary#political and social commentary#economic theory#transportation and logistics#international relations People
A
Alejandro Velasco
A
Alex Rosenberg
A
Amanda Aronczyk
N
Noel King
R
Robert Smith
Topics
@Robert Smith @Noel King :委内瑞拉经济的崩溃源于其对石油的过度依赖以及政府在石油繁荣时期做出的错误经济决策,包括人为控制汇率、过度支出和缺乏储蓄。这些政策导致国内产业萎缩,过度依赖进口,最终在油价下跌时导致经济崩溃,引发严重的通货膨胀、物资短缺和社会动荡。他们采访了在委内瑞拉工作的医生和进口商,生动地展现了经济崩溃对人民生活造成的巨大影响。 @Amanda Aronczyk :更新部分讲述了委内瑞拉经济在经历了超级通货膨胀后,如何通过美元化和海外汇款等方式实现一定程度的稳定。尽管如此,经济复苏仍然不均衡,大部分民众仍然面临困境,贫富差距进一步扩大。政治局势的动荡也阻碍了经济的进一步发展。 @Alejandro Velasco :作为纽约大学的教授,他分析了委内瑞拉经济崩溃和复苏的深层原因,指出政府对经济的过度控制和对石油的过度依赖是导致危机的根本原因。他还强调了美元化在稳定经济中的作用,以及政治因素对经济复苏的影响。 @Alex Rosenberg :作为委内瑞拉的进口商,他亲身经历了政府对美元交易的严格控制,以及繁琐的审批流程如何阻碍进口,最终导致其业务停滞。他的经历生动地展现了政府政策对企业和民生的负面影响。

Deep Dive

Chapters
Venezuela, once a wealthy nation, faces economic collapse marked by food shortages, failing hospitals, and rising infant mortality. The crisis stems from the government's economic mismanagement, particularly its dependence on oil revenue and flawed currency controls.
  • Hospitals lack basic supplies, patients bring their own food and medical necessities.
  • A neurosurgeon quit due to dangerous hospital conditions, including performing surgery with cell phone flashlights.
  • Venezuela's economic collapse is attributed to poor policy decisions rather than external factors.

Shownotes Transcript

(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 economic collapses of our time. And it was totally avoidable.

Venezuela used to be a relatively rich country. It has just about all the economic advantages a country could ask for: Beautiful beaches and mountains ready for tourism, fertile land good for farming, an educated population, and oil, lots and lots of oil.

But during the boom years, the Venezuelan government made some choices that add up to an economic time bomb.

Today on the show, we have an economic horror story about a country that made all the wrong decisions with its oil money. It's a window into the fundamental way that money works and how when you try to control it, you can lose everything.

Then, an update on Venezuela today. How it went from a downward spiral, to a tentative economic stabilization... amidst political upheaval.

_This original episode is hosted by Robert Smith and Noel King. It was produced by Nick Fountain and Sally Helm. Today's update was hosted by Amanda Aronczyk, produced by Sean Saldana, fact checked by Sierra Juarez, and engineered by Neal Rauch. Alex Goldmark is our Executive Producer.

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