What happens when a resource-rich country loses its economic guardrails? Venezuela had oil. It had wealth. It had potential. What it lost was institutional discipline, and the consequences were devastating. In this episode of SA Explained, Francis Herd and Aakash Bramdeo unpack what really went wrong in Venezuela, why hyperinflation and collapse followed, and the hard lessons South Africa cannot afford to ignore. This is not ideology. It’s a warning; grounded in economics, history, and lived rea
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What happens when a resource-rich country loses its economic guardrails? Venezuela had oil. It had wealth. It had potential. What it lost was institutional discipline, and the
eNCAnews. . What happens when a resource-rich country loses its economic guardrails? Venezuela had oil. It had wealth. It had potential. What it lost was institutional discipline, and the consequences were devastating. In this episode of SA Explained, Francis Herd and Aakash Bramdeo unpack what really went wrong in Venezuela, why hyperinflation ...
9.1K views1 month ago
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