Are the venezuelans rich?

Glen Cartwright asked a question: Are the venezuelans rich?
Asked By: Glen Cartwright
Date created: Wed, May 19, 2021 5:24 AM



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Absolutely. When Venezuela was Latin-America’s wealthiest nation, many rich families and individuals were born. Those families learned how to protect their assets, so those families and individuals are still rich today.

Venezuela's rich are indeed insulated from the economic chaos precisely because they're rich. Which is why anyone who is pro-poor should be anti-socialism. Simply because it is those poor who ...

Even rich Venezuelans are affected by the country’s soaring inflation rate. But protected by their US dollars, they are better off than most. For ordinary Venezuelans, “it’s very difficult ...

In 2017, AFP reported the rich Venezuelans were “spending their way through the crisis”, even while most of the nation struggled to buy food and make ends meet.

Venezuela is one of the richest country in the Caribbean and one of the largest producers of crude oil in the world. The country have produced hundreds of Millionaires as a result of the prosperity of the country in the area of majorly oil and gas.

An economy in freefall. The heady days of 2001 – when Venezuela was the richest country on the continent – are long gone. The economy shrank by 18.6% last year. In 2017, it’s 35% smaller than it was in 2013, at least in terms of GDP, and 40% lower in GDP-per-capita terms.

Venezuela was once the richest country in Latin America. Here's how it fell apart. Related: Live Updates from Venezuela . Venezuela's economy: 'It's at the point of no return'

Venezuela is proof that the rich will be insulated from economic ruin Amid a nation crippled with political violence, the rich remain secluded and safe to live their lavish lives

From the vantage point of the well-kept lawns and overstuffed antique chairs of the exclusive Caracas Country Club, Venezuela doesn’t look so bad. Much of the oil-rich country is crippled by ...

Venezuela’s super-rich are enjoying lavish parties and gourmet cuisine, while middle-class people are forced to scavenge for food as the Socialist country’s economy collapses. Home U.K.

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