Everybody’s Business

How Venezuela Really Hit Rock Bottom

This week on Everybody’s Business, we explore why one of the wealthiest nations became one of the poorest. 

Photographer: Photo illustration by 731 Getty Images (5)

Listen and subscribe to Everybody’s Business on Apple, Spotify, iHeart and the Bloomberg Terminal

The US rendition of Venezuela President Nicolás Maduro has upended the South American country, raised questions about a new era of imperialism (described by Donald Trump as the “Donroe doctrine”) and sent some foreign investors into a frenzy. It also marks the latest chapter in Venezuela’s decades-long economic collapse.