Comments by "" (@orboakin8074) on "What Actually Went Wrong With Venezuela" video.

  1. Wow! I just looked it up and it actually makes a lot of sense👍. It even succinctly explains my own views on the issues with many Latin American countries. It also explains why there is a high level of mistrust between the populous and the ruling class in much of Latin America. Venezuela's problems stem from the same problems plaguing much of Latin America. They were colonized by Spain and, as such, inherited Spain's terrible administrative processes. The Spanish and Portuguese, during their age of empire, were mainly focused on resource and human exploitation and used a feudal system of administration. This is in contrast to the British and French who, while having the same mind for resource and human exploitation, actually transplanted their more liberal-minded and economic methods of administration. The Spanish sent the elites to rule over various colonies they conquered or acquired while the British sent members of the lower and middle classes to work and build up the lands and territories they conquered and acquired. This had the effect making Spanish colonies two-tiered and more like feudal states compared to the more progressively-run and capitalistic (by contrast) British colonies. After colonialism, Latin America kept this model and it resulted in the current state of issues they face while British colonies in North America fared better by comparison.
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  2. Venezuela's problems stem from the same problems plaguing much of Latin America. They were colonized by Spain and, as such, inherited Spain's terrible administrative processes. The Spanish and Portuguese, during their age of empire, were mainly focused on resource and human exploitation and used a feudal system of administration. This is in contrast to the British and French who, while having the same mind for resource and human exploitation, actually transplanted their more liberal-minded and economic methods of administration. The Spanish sent the elites to rule over various colonies they conquered or acquired while the British sent members of the lower and middle classes to work and build up the lands and territories they conquered and acquired. This had the effect making Spanish colonies two-tiered and more like feudal states compared to the more progressively-run and capitalistic (by contrast) British colonies. After colonialism, Latin America kept this model and it resulted in the current state of issues they face while British colonies in North America fared better by comparison.
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  3. Well said, friend. Also, don't let people like @Anthony Cruz get to you. There will LAWAYS be people like them who are just blind ideologues who refuse to acknowledge the flaws of socialism and communism even though real evidence and people who have suffered from the two are telling them otherwise.
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