S8 Ep211: VENEZUELA'S TRAGIC DECLINE FROM PROSPERITY TO AUTHORITARIANISM Colleague Professor Evan Ellis. Historical imagery reveals Venezuela's transformation from a prosperous, modern nation in the 1

VENEZUELA'S TRAGIC DECLINE FROM PROSPERITY TO AUTHORITARIANISM Colleague Professor Evan Ellis. Historical imagery reveals Venezuela's transformation from a prosperous, modern nation in the 1950s to a ruined state today. Deep inequality and corruption in the pre-Chavez era alienated the poor, allowing Hugo Chavez to capitalize on their frustration and dismantle the free market system, leading to the current crisis. NUMBER 6 1948 CARACAS