The Explanation
Aug 2, 2023
How has Venezuela, home to the world's largest oil reserves, become crippled with food and medicine shortages, hyper-inflation, violence and corruption? Hugo Chavez promised a socialist revolution in the 1990s, using high oil prices to fund his economic developments. However, during his time in power, he became increasingly autocratic and the economy slumped. Following Chavez’s death, Nicolas Maduro, also from the socialist PSUV party, became President but global oil prices began to plummet. The economy went into freefall and controversial elections in 2018 have led to ongoing political unrest. Jorge Pérez, a BBC Mundo journalist, explains how Venezuela descended into chaos.
The President's Path: Does Zelensky have the upper hand in the Ukraine war?
Caitríona Perry and Bernd Debusmann discuss President Zelensky's visit to Washington, where he pushed for greater US support to bolster Ukraine's air defences. They examine whether relations between Trump and Zelensky are warming, and what this renewed diplomatic effort, along with a new package of sanctions on Russia, could mean for the war in Ukraine.
Every weekend, The President’s Path explores the state of US politics — in Washington and beyond. We dig into the key issues shaping America and uncover what’s on the minds of those closest to power. You can contact us at: [email protected]
The President's Path: The US-Saudi nuclear deal
Sumi Somaskanda, Caitríona Perry and Bernd Debusmann discuss what we know about the US-Saudi Arabia nuclear deal, the implications for the fragile balance of power in the Middle East, and the fact that Israel could now make or break the agreement.
Every weekend, The President’s Path explores the state of US politics — in Washington and beyond. We dig into the key issues shaping America and uncover what’s on the minds of those closest to power. You can contact us at: [email protected]
