How has a country so rich in natural resources ended up so poor? That’s the question Owen Bennett Jones and his guests are discussing in this week’s Newshour Extra. Venezuela’s economy is in freefall, the shops are empty of even the most basic commodities, and its people are desperate. For a nation blessed with vast oil wealth, the descent into chaos has been spectacular. President Maduro’s government is widely blamed for the mess, but how much does the fault lie with the policies of former president Hugo Chavez, and, more recently, the low price of oil? Join Owen and his panel as they analyse these issues, and ask - what possible hope is there for a recovery in Venezuela?
(A child stands in front of graffiti in the 23 de Enero neighbourhood in Caracas, where the remains of late Venezuelan President Hugo Chavez are kept. Photo credit: Getty Images)