Can Venezuela Be Great Again?
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- เผยแพร่เมื่อ 7 ม.ค. 2025
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Production: Hubert Walas
Research & analysis: Adam Volf - Czech Republic, freelance writer specialising in global geopolitics and EU relations with the world. Editor-in-chief of the ‘Libertas’ blog on EU affairs. Ambassador of the Irish language and culture.
Editing: Hubert Walas
Video production: Kacper Machniowski
Voiceover: Hubert Walas
Music: Cody Martin - Tesseract
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Can lake Chad be Megachad again?
As a Venezuelan who is living in Denmark, no...
The culture towards authoritarianism and entitlement is too strong and the delusion of wealth makes everything worse.
-"why we should work if we have oil?"
-"why we should pay taxes if we have oil?"
-"Why we should invest money if we have oil?"
-"Why I should follow laws if I have money?"
I remember hearing this bulls**** when i was a child and nothing has changed since. A Republic only works when its citizens know their duties and rights.... but in Venezuela the cultural greed for "easy wealth" and social status is what fuels the dictatorship.
That's stupid that's what the USA is currently doing
Unfortunately, even Venezuelans in South America, most of them basically homeless, keep saying the same and being arrogant despite their situation
Same thing venezuelans do when they come Trinidad to live they act as they better than us because the country big and have oil and want to talk down to is while being in our country to survive
Well, thanks for making it clear :(
Sad, but true.
Seems very similar in the GCC, where Saudi/Kuwaiti/Emirati/Qatari citizens will end up similarly unproductive and uncompetitive when they finally can't pay migrant workers to do everything for them.
Sitting on natural resources doesn't make a country great, Having the intellectual ability to innovate and to create a government system that can keep grift and corruption at bay makes a country great.
You need a smart government for more than a decade to get the country stable and diversify diversify diversify your economy
So Venezuelans are doomed 😆
It's competent and trusted _institutions_ that are the key, which often happen through establishment in a difficult resource-poor locale. Hence why the modern world generally praises nations like Japan, Singapore, Botswana, and Uruguay over their larger, more endowed, but more corrupt neighbors (China, Indonesia, South Africa, Brazil).
@@charlesbranscomb8493 Indeed Venezuela is a one horse economy, oil. And it will likely always be. Unless of course you want to include a economy based on tourism. If they can get people to come.
It is not about the intellectual ability. It’s simply to have the desire to do so.
Most oil tycoons of back then knew they could make money with oil, so they set out to find some and get rich. They were not “intellectually” gifted in any way-they just had the drive, the desire to get rich off of oil
Nobody is running away from Norway due to oil.
Cause Norway doesn't fund 80% of its budget and social services with oil, so when the price drops they still survive. 😂
@@kzazazazk Don't they pretty much fund everything from the interest from their oil trust fund
@@dean_l33 Nah. It is predominantly a pension fund, so they do use it to invest in local and global businesses but it's not tied to government spending at all. In terms of direct investment the pension fund has nothing to do with it, that's just state and private spending. Petroleum makes up 9 percent of Norway's total economy and they've divested heavily. If oil prices ever did topple they'd still be alright, and if they had to they could vote on liquidating some of the pension fund to maintain social services, but they haven't ever done so before and it takes a massive vote of majority and process, the government can't actually touch it otherwise.
They have also switched mostly to natural gas rather than oil, the oil fund is there as a plan b as well and to fund the welfare state if need be, fortunately they dont need to. Norway and norwegians didnt get rich until recently and living generations still know that fishing and sheeps are not preferable.
@@dean_l33it's retirement money for Notwegians
I still think it's quite funny that overreliance on resource extraction is called Dutch disease, when it happened in the netherlands it was a really minor case compared to many other countries
Yeah but the name stuck. It an actually only describes the effect on the exchange rate not all what comes with it.
Much like the spanish flue wasn't spanish at all. Only the conditions were there to study it
As a Norwegian who has been to Venezuela several times it is heartbreaking to see how different our societies has handled finding oil. Norway has a long history of democracy and equality going back centuries, all the way back to the Viking age and even before. Venezuela on the other hand is a much younger country that has a colonial history with a lot of inequality. Trust between citizens and to the institutions is a key in my opinion. If you compare our two countries Venezuela has much better climate and much larger natural resources. When they day comes that Venezuela once again gets it freedom, building trust and transparent institutions will be the thee key to a better future. For the wonderful people of Venezuela I hope that day will come soon and that they will build a new and stronger future for themselves and their children, grandchildren and future generations.
Agree with you that the whole socio-political culture makes the ideal scenario less likely. The moment the Chavez system is dismantled, some elites and their ground supporters are just going to get a huge chunk of the goodies.🙄🙄
Norway is capitalism perfected
@@rockstar450 it’s not capitalism perfected.. that would be laissez-faire. Norway is a social democracy as is painfully anti-male.
@oppionatedindividual8256 Norway is NOT socialist 🤣 it's a FREE MARKET which allows PRIVATE ownership. The definition of capitalist. It isn't centrally managed except for services (paid for by high taxes) and a sovereign wealth fund. Ask any Scandinavian and they'll tell you their counties are capitalist. Even their universities are privately owned for competition (capitalist competition to promote innovstion). I love how Socialists need to steal capitalism to get a W lol
All south america wants venezuela to be great again, so venezuelans can leave us in peace
What problems they cause In your country
@wisenup4541 organized crime became a common thing, and a terrible culture in general, very annoying and hostiles.
And the US. They are causing chaos right now. Literally, only Venezuelan and then that makes others look bad because people think it's all South American immigrants.
😭 how often do you shave your skröppel a year?
@@wisenup4541a bunch of CRIMINALS from Venezuela are coming here! It’s awful!!! STAY THERE!!!!
I hope Venezuela can free itself from authoritarianism.
They will, sooner or later, let's hope sooner.
I hope we do....
Once socialist ideology leaves the state, maybe the people have a chance
6 days left, we’ll see what will happen in January 10th.
I lived in Venezuela for one year in 1986 I was a 16 years old Canadian in a student exchange.
I remember distinctly that the gaps between poor and rich was quite large. How the rich were so condescending at the time was also remarkable. I was living in a family whom, before the oil price collapse in early 1980, were going on shopping spree in miami for a weekend then back to work on monday.
I remember being dismissed when I saying "your country isn't rich there's so many poor people" by this answer "those aren't from Venezuela they are columbian illegals"
Anyhow at this time and being a Venezuelan, I would probably had welcome the Chavez revolution not knowing any better
Good point that you make about the $$$ gap. For the lower end, it's either the Chavez system that at least gives them some goodies or a so-called free market system where they may get nothing. 🙄🙄
And the poor became even poorer and more desperate than ever before.
The iron law of oligarchy.
@@tkm238-d4rThe poor had plenty of social programs from the 60s and 70s, the economic crisis of the 80s forced public spending cuts, add a failed push to industrialize the country with state owned heavy industry companies that mostly failed and left the country endebted.
That's funny I feel like I hear this line in America too
Well if we're being honest here Venezuela is about the earliest examples of what happens to a nation with cultural diversity.
Back in the 1950s Venezuela had some very tight immigration laws but once the military government fell the bureaucrats opened borders and everyone was allowed in, millions of Europeans flooded the country, impoverishing the people and bastardizing the culture, spreading their socialist ideologies and ultimately using poor Colombian migrants as fuel for their socialists Revolution.
If you see venezuelan elites there's not one who's family existed in Venezuela before 1960, none.
So the Venezuelan socialist revolution was not pushed by venezuelans but by foreigners, both rich and poor.
Venezuela is kind of a non island Tropico 😂
Ok?? What does that have anything to do with the video?
Shared and liked. Another example of 'Putins useful idiots'.
What? Shared and liked?
For sure they can, just get rid of Maduro, do not use the oil money directly (use it on investment) and that's it.
yeah lmao if it was that simple we would've done that ages ago
Yeah but what other dictatorships w americas support was free and liberal 🤔 🤣
As a Venezuelan there is only one way to make Venezuela greater than ever, we need to belive and get together and defeats our demons for good and thats not going to be easy but the promise land is there waiting to be taken back.
Answer: not with Maduro.
Venezuela is a clear example of the resource curse, where a country rich in natural resources finds itself in a tough spot. The wealth generated from these resources reduces the need for citizens to engage in revenue generation. With minimal reliance on tax income, the government often neglects the needs of its people, resulting in a decline in quality of life and stunted economic growth.
This situation frequently leads to the establishment of an aristocratic or dictatorial government, as the ruling elite can maintain control without needing the support of the general populace. Ultimately, the principle is that loyalty often depends on financial incentives; when the military and police are well-paid by the ruling party, they are more likely to support that regime rather than consider any other alternatives.
Thank you for reporting the Lighter/Better Quality nature of the oil from the Starbuck Fields off Guyana, makes more sense now…
Your videos are impressive and well-executed. I look forward to seeing more.
Ugo Havez really put this country on a path to the stone age. Good luck compadres.
Brother, the word is 'Venezuelan', not 'Venezuelian'.
beautiful work
excellent as always
Venezuela? Or Venezuelia??
Make Venezuela Great Again
Arp den schaufel arp den twut?
this was way too funny
Tell us, when was Venezuela ever great???😂
@@MisterSplendy back in the twutties yes
@@MisterSplendy SplenTWUT
maduro and the communists must go
You can just say communist must go
Ironically, the Communist Party is at odds with Maduro and several communist are imprisoned.
I visited Venezuela in in 1999, Chavez just got elected and didn’t implement any of his policies yet and already saw a country in trouble. The country looked like a museum of the US 1970’s with extreme income gaps. Almost no own industrial production as if having oil was enough. But still, the country was in good spirits. Later on, I made Venezuelan friends at work and from neighboring countries that had visited the country. Venezuela was not great at all, except for a few. Chavez election was a mislead response to a bad situation and he and later Maduro then made everything much worse.
Something worth pointing out, Venezuela has a lot of oil, but it is generally of very poor quality. It has a lot of admixture that damages the systems it is used within. So yes, high quantity/low quality oil is what you find in Venezuela.
I like when Hubert narrating
Nice work
Well done
Blaming oil is crazy. There's only one thing to blame - bad management.
and the bad management is attracted by the oil because it's cheap money
Oil is a causality by effect that human nature of greed is more prone to happen.
A sovereign fund like in Norway would never work in any Latin American country. You can save for decades, then a politician will come along and say: "elect me and get free money" and it's gone. The saving for the future mentality is not existent in the culture, and any pile of money laying around will only be a focus center for intense corruption. Best to have bilateral agreements with the West for development of physical infrastructure that will remain with the people.
Venezuela could be great with its resources, weather, climate and tropical weather. Could be the leaders of green architecture, green design and biomimicry and bio diversity. So much potential that we probably won’t see it In our lifetime.
Many people blame the government but its not just their fault but the petrols dependency as well
Daaamn, Venezuela had such a BIG chance to revive their Oil sector, wren ruZia attacked Ukraine and the West stoped buying ruZian oil!!!
If Venezuela then in 2022 used this chance, they would be way b etter off right now....but seems that they blew it...
Maduro is a Putin ally, what do you expect?
In this case, you need the thing that took you out. You definitely need to restart production, but, learn from what happened and expand into other things. The key question is, does this depend on a new regime or not? Probably.
Just for the record, Venezuela has always been slightly fucked. Yea, we've had oil bonanzas, but wealth has never been distributed properly. We're just really fucked up now. I'd say the question is "Can Venezuela ever be great?"
That voice is powerful
Venezuela 🥺
Yeah they can wind up like utopian right wing country Argentina!
Actually that would be a better starting point than what we got, we have no functioning public healthcare system or education, its de facto privatized.
Do not mistake the benefits of the era for your personal qualities.
I have doubts democracy will return to here.
With good politicians YES
When a communist runs a country, consider it lost.
Venezuela isn't communist is socialist w a capitalist economy
Do a video about the soon to be kurdistan
I thought I had bugs running across my screen. 😆
The Short answer is "no"
The long answer is "Absolutely not lol"
Venezuela like all south american nations are what ine calls "colonial cultures" people exists within very strict social classes and people are taught from birth that they were born to be part of said class by an authoritarian detail they chose, often times is race, rarely however is ideology or family.
This types of cultures historically only dies through war and struggle, one example is russia how this type of culture only died after ww1 and the Soviet revolution only for decades of safety turned the Russian into a slave once more.
But south america has the curse of Peace, geographically too safe, racially too logical, and historically, too unimportant.
The perfect place for eternal peace and as a result this culture hasn't died even after their Independence.
So the only way for south america to prosper is to be ruled by foreigners, not locals.
Or to be destroyed in genicidal wars.
A similar Nation to Venezuela and south America in general is Egypt, they have never prospered under Egyptian rule, but have prospered greatly under nubian, greek, roman, persian and arabic rule, never Egyptian.
Colonial cultures are not capable of creating wealth on their own, they need better peoples to rule them.
Another great example is India, another nation with a colonial culture, and again ni indian local has made india prosper but Afghans, mongols and British have.
If we get a political transition, the profound institutional reforms that had already been called for in the 1980s and initiate an integration with the West, we have a shot at long term prosperity.
That path was denied to us by Chavez and his populist authoritarian rule that unfortunately coincided with the largest oil bonanza that helped him consolidate his regime.
At the moment, we have no roadmap to democracy.
I feel so happy for Norway!
Listen, I just want some cachapa. Ok? Fix the damn economy!
Hey meng
good time bad time
of course, its booming, papasiaa campaign all over the internet hahahah, could be nice if you do a video about lebanon
Was Venezuela ever great? No.
In the 1950s we were one of the biggest global economies and now look at us in the mud thanks to Maduro and Chávez
I hear a lot of people in the comments saying that Venezuela was never big, that's not true in the 50s and 60s the country was among the 5 richest countries in the world per capita And even until 2013 it is the richest country in Latin America per capita, I agree about corruption and bad governance have destroyed Venezuela, but we must also add the illegal sanctions of the United States which prevents Venezuela from trading with the rest of the world
#nikkobriteramos
Well, all their gangsters are moving to the USA, so maybe they venezuela can improve in their absence.
Not just USA. All over the America's.
Thats complete nonsence. If all the gangsters were gone, crime rates in Venezuela wouldnt be so high.
2:02 mm🥚s
Why are these guys like Maduro so ridiculous? Why not just get uber wealthy and go live in the south of France or some other beautiful and comfortable place?
Power for power sake, there is no replacement for that.
Not hardly
It never was.
Dans les années 60 le Venezuela faisait partie des 5 pIn the 60s Venezuela was among the 5 richest countries in the world and even until 2013 it was the richest in Latin America per capita.
Venezuela was never great to begin with.
No, Venezuela will never be great again.
It has never been great.
In the 60s Venezuela was among the 5 richest countries in the world and even until 2013 it was the richest in Latin America per capita.
This comment is too stop sometime getting first.
Can these guys get someone else to narrate, this guy's accent is too strong and annoying.
I WILL CONSIDER LEAVING A LIKE TO AID THEEEE ALGORHYTM.
Never gonna happen
No
We could export some American greatness to our friends in Venezuela. We're overfull at the moment.
Sure let's get a version of the guy who tried to stage a coup in our country. That makes a lot of sense.
American "greatness" under Trump😂😂😂
only if they get rid of maduro
Please make a video about Bolivia's future.
Oooof, I normally like the insights and analysis provided, but talking about South America without mentioning colonization and American imperialism is incredibly myopic. Also, talking about twilighting oil in one breath and then encouraging production in another is insane. Given that this channel has already likened the green energy movement to the opium wars, I'm starting to worry about the turn this channel may be taking.
@@griffenrice2521 It's more myopic to be in your position. My guess is that you live in USA or any other first world country who has colonized- you can correct me if I'm wrong but I'm sure I'm not. The issue of Venezuela is neither imperialism or colonization (which ended 200 years ago). That's an imposed woke agenda from people living in USA/other first worlds pretending to be know it alls of the current situation in Latin America. You know little to nothing bout it mate.
Venezuela needs their own version of Trump, not more Leftist nutjobs
Sure let's get a version of the guy who tried to stage a coup in our country. That makes a lot of sense.
@@anonymousperson9735 calla opofictor que espera sangre gringa, sentado / chavista
Another strongman is not exactly a path to democracy.
the world is already controlled by the right
Why didn't you get into the coming territorial war with their neighbor? Don't you think that will have a big impact on their economy and global politics?
There is no incoming war, the armed forces of Venezuela are utterly uncapable of a military operation of that magnitude, its a glorified praetorian guard.
@XxLIVRAxX they may appear to be very weak compared to most forces, but they are much stronger than their neighbor.
comment 4 the algorythm
Venezuela played around with socialism and got burned
great as always