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475. Threat From South America | Axel Kaiser

The Jordan B. Peterson Podcast

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Venezuela's Fall: From Prosperity to Crisis

This chapter explores Venezuela's economic and political transformation, tracing its rise to prosperity in the 1970s and the subsequent decline following the nationalization of the oil industry. It discusses the impacts of socialism under leaders like Hugo Chávez and Nicolás Maduro, contrasting Venezuela's situation with the economic successes of Nordic countries. Additionally, it examines the region's geopolitical landscape, touching on issues such as corruption, mismanagement, and the ramifications of alliances with authoritarian regimes.

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