Why Is Venezuela In Crisis?

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1. The price of a barrel of oil is less now then years ago yet the price of gas is still 2.50 per gallon in Pennsylvania, Aside from the highest gas tax in the USA. I still think these oil companies are greedy as hell.
2. Saudi's futuristic inconvenient truth
3. I'd like to clarify something since many people have asked me about the same topic. Venezuela government has ALWAYS funded free health care, state education, food, and gas subsidies. Many people believe that Chavez, the worst thing that has happened in Venezuela for the last 100 years, began this subsides and that's part of the reason of Venezuela's crisis. This is absolutely false!! We've always had these subsides. We've always had public (supported by the government) and private education and health systems, and there is not difference between how these public systems work before and after Chavez.
4. Yes, yes: God damn free education and healthcare.
5. Countries like Iran, Russia and Venezuela are the best illustrations of the resource curse.
6. Venezuela has rich lands where crops grow fine in the whole year, water, lakes, sea, has gold,oil and abundant natural resources, people and manpower , so the only issues is the corruption of the government, plus Socialism combined.
7. In focusing almost exclusively on the oil glut, I fear Seeker missed the majority of the problem. While Venezuela's balance of payments problems resultant from the drop in oil prices have certainly aggravated the situation, there are plenty of other petrol dependent states that have not suffered nearly as badly as Venezuela. The current crisis stems from three major factors in addition to oil prices: an enormous increase in the Venezuelan money supply to monetize the government's obligations, stringent and convoluted currency controls which have limited access to foreign capital and imports, and most damagingly, the use of price controls as a means of fighting the inflation for which the state itself is responsible. While I wholeheartedly appreciate Seeker's attempt to explain the situation to the layperson, I fear the video missed several key points, many of which are actually more important than those it mentioned.
8. Nearly all the Scandinavian countries are socialist. They all have very high taxes, lots of social services and a high degree of state interference in the economy with a combination of free enterprise and open markets.That was what Gorbachev was trying to emulate when he attempted to reform the Soviet Union. But then the KGB tried to get rid of him and Yeltsin betrayed him because he wanted to be president of Russia no matter what. Yeltsin was willing to even willing to break up the Soviet Union in order to achieve that.
9. they dont even mention that venezuelas economy was ruined in the 80 when the us abd saudi arabia fucked up the oil prices. and they dont even mention the smugling and money flight. what a fucking joke.
10. I noticed how you said Maduro was able to secure financial aid to help Venezuela and hearing this kind of bothered me, not exactly because of what you said but because this makes me realize how little people really know about my country's government and how they've destroyed it over the years. He might have gone to those countries asking for money but i can assure you that money will not go to the Venezuelan people. For years they've stole our country's money and have basically ruined it. I know they are not the only reason Venezuela is the way it is right now but they are one of the main reasons. People in my country are starving and dying because of the lack of medicines and all the violence.
11. 1 word- SOCIALISM
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13. One word: Diversify
14. People must understand that there's nothing Free in this world. You have to pay price eventually. Socialism sounds good until the nation runs out of money.
15. I am unsubscribing, he didn't talk about the high corrupcion in venezuela :( , I really loved test tube.... (subscribed in january of 2015). If Evan was the one who did this research, I'm unsubscribing to Nerdwriter1 too. This video shows me that test tube 8seeker Dailey) doesn't give us the full picture. :( i loved your videos..........
16. They failed to develop when they had the chance. Look at Norway - also highly dependent on oil, but they put more emphasis on education. They have fallback. South Korea too puts very heavy emphasis on education and despite having no natural resources have gone through an incredible economic revolution. The way forward is education. DECENT education.
17. Its Nerdwriter!
18. Hey isn't that Nerdwriter?
19. Ya- but we paid like 4 bucks a gallon for 8 years and it crashed our economy, those oil merchants can suck my dick.
20. Free healthcare?? Free education?? Free gas and food subsidies?? you see now how socialism doesn't work???? why can't the world realize this?!!? Arab countries are next, I'm looking at you Saudi Arabia, your days are numbered. It's only a matter of time till you reap what you sow, and let's not forget your little friend Qatar.