The Paradox of Prosperity: How Oil Became Venezuela's Downfall
Venezuela's journey from oil-rich prosperity to economic and political collapse is a stark reminder of how a single resource can become both a blessing and a curse. This article explores how the nation's vast oil reserves, once a source of immense wealth, ultimately contributed to its downfall, leading to a dictatorship, hyperinflation, and external pressures, echoing a half-century-old warning about the "devil's excrement."