Venezuela: Crisis and Resilience

Venezuela's current crisis stems from a combination of economic mismanagement, political instability, and global oil dependency. Under Hugo Chávez, socialist policies thrived on high oil revenues, but the collapse in oil prices under Nicolás Maduro led to hyperinflation and severe shortages of basic necessities. Political turmoil intensified when Maduro's 2018 re-election was widely condemned as fraudulent, sparking massive protests and international sanctions. Despite these challenges, grassroots organizations and international aid have provided some relief, highlighting the resilience of the Venezuelan people. The future hinges on significant reforms and international cooperation to stabilize the nation.