Venezuela: No Food, No Electricity, No Hope?

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

CARACAS, VENEZUELA -- Venezuela, a place known as one of the world's top oil producers, with picture perfect landscapes and among the most diverse countries in the world!

At least, it used to be.

Sadly, starvation, protests and blackouts are all we know of Venezuela today. Government offices? Closed.  Supermarkets? Shelves are bare. The health care system? Collapsed.

But the one question that's on everyone's mind is, how could this happen?

In a word: socialism.

The government has its hands in everything, especially the country’s biggest industry: oil. And when the price of oil fell it crippled Venezuela.

So how is this affecting the daily life of Venezuelans? Well, dramatically. Store shelves are empty, malnutrition is at an all-time high, peopled are angry and hungry, and that has resulted in many demonstrations.  Also, schools are now closed on Fridays to help with the electricity problem and they are out of basic materials causing factories to shut down.

In the end, none of these problems for Venezuela are new, they have been going on for years but as you know, when it rains it pours and Venezuela is drowning.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.