2min chapter

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Does Anyone Really Know What Socialism Is? (Ep. 408 Rebroadcast)

Freakonomics Radio

CHAPTER

Venezuela - A Country on the Rise

For decades, venezuela was one of the fastest growing countries in the world. Most of this growth was fuelled by the country's great good fortune - massive oil deposits. Venezuela began produce oil way back in the nineteen tens, and it soon became the number one exporter in the world. So how did venezuela get to this point? It's a fascinating story, if a depressing one....

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