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  • Home
  • Black History
    • Black History: 400 Years
    • Our President Barack Obama
    • Our Journey Continues
  • HBCU's
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Business

How Venezuela went from South America's richest to poorest economy despite massive oil reserves

Details
18 January 2026
Decades of nationalization, socialism, crony hiring and money printing turned Venezuela’s oil sector into a hollow shell, shrinking output, crushing incomes and forcing a historic exodus.

Original Source:

https://www.foxbusiness.com/fox-news-world/how-venezuela-went-from-south-americas-richest-poorest-economy-despite-massive-oil-reserves

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