Venezuela crisis in a nutshell Hi, today I want to talk about a topic that I don't like too much. Politics. I'll try to explain briefly what it's happening now in Venezuela and how affects to Colombia. Remember this is my personal opinion and I'ĺl try to be the more objective as I can. Venezuela used to be one of the most richest countries here in South America. The country have huge oil reserves even more than Arabic countries but about twenty years ago a army commander Hugo Chavez took the power in a coup d'état. His political thinking was mainly communist so he tried to implant communist in Venezuela. Private companies were closed or the government takes control of them. So bad management of public resources, corruption in the government and an economic dependent almost 100% of oil, it drove to the country to poverty and a super high inflation. The good's prices skyrocketed and the currency lost value in the market. After Chavez's death, Nicolas Maduro (former bus driver) was entitled president. Nothing changed and the country is still poor and dangerous. People had to have run away from their home and they have been migrating to neighbor countries like Peru or Colombia. As always thanks for reading and correcting my entry.