Uploaded June 2025 | Updated September 2026, 2 weeks ago
Between 2012 and 2020, Venezuela’s per capita GDP fell by a staggering 71.5%—the equivalent of three consecutive Great Depressions, according to economist Francisco Rodríguez. He calls it the largest documented peacetime economic collapse in world history.
Rodríguez argues that roughly half of this collapse can be traced to US-led sanctions, including trade and financial restrictions, as well as measures like the U.S. recognizing the Venezuelan opposition and handing it control of international reserves.
#Venezuela #Sanctions #economiccollapse #NonzeroPodcast #shorts #ussanctions #maduro
Between 2012 and 2020, Venezuela’s per capita GDP fell by a staggering 71.5%—the equivalent of three consecutive Great Depressions, according to economist Francisco Rodríguez. He calls it the largest documented peacetime economic collapse in world history.
Rodríguez argues that roughly half of this collapse can be traced to US-led sanctions, including trade and financial restrictions, as well as measures like the U.S. recognizing the Venezuelan opposition and handing it control of international reserves.
#Venezuela #Sanctions #economiccollapse #NonzeroPodcast #shorts #ussanctions #maduro
