Photographer: Noah Friedman-Rudovsky/Bloomberg

First Venezuela Lost the Concorde, Now It's Losing to Bolivia

The country's vast oil reserves aren't saving Venezuela from a plunge in growth

Back in the late 1970s, when Venezuela’s oil wealth fueled the supersonic Concorde’s flights from Paris to Caracas, the idea that a poverty-stricken, landlocked nation known for bowler hats and coca leaves would someday surpass it was unthinkable. How times have changed.

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