I just returned from 11 days in Venezuela, my sixth trip there since 2005. Basic necessities like oil and food are in short supply. A man looks upward during protests in Venezuela in 2014. Venezuela’s economy has shrunk to half its size since 2014, it is the most indebted country in the world, and oil production has plummeted to levels not seen in more than 50 years. The problem has some Venezuelans, especially in urban slums, praying to criminals instead of saints. There are severe food and medicine shortages. Tom Phillips, the Guardian’s Latin America correspondent, is back in Venezuela a year after the start of a dramatic, but so far unsuccessful, attempt to topple Nicolás Maduro. There is a crisis in Venezuela. Venezuela has been thrust into uncharted territory — with political tensions approaching boiling point ahead of two nationwide anti-government protests this week. Venezuela’s economy has shrunk to half its size since 2014, it is the most indebted country in the world, and oil production has plummeted to levels not seen in more than 50 years. Political parties are fighting over rewriting the Constitution while citizens turn to gas smuggling, bitcoin, and selling their hair to get by. Many people have asked me how they can understand what’s really happening in Venezuela based on information from public institutions such as the U.S. government and the mainstream media. People are starting to think about what it’s going to look like if Venezuela is run by a dictator. The economy in Venezuela isn't doing well. This Is What's Happening in Venezuela Right Now. With our country making headlines recently, Venezuelans have found themselves taking on an additional, challenging task: explaining what exactly is happening in Venezuela. Venezuela is at a tipping point: too socialist to thrive in the global system, still too dependent on capitalism to break with it. People are going hungry and seeing their family members die in hospitals due to a lack of medications. Photo by Flickr user andresAzp. Venezuela's crisis explained from the beginning. By Matt Essert. A basic guide to what has been happening in Venezuela, once one of Latin America's most prosperous countries, where a political and economic crisis has reached new heights. A look at the country's ongoing protests against the government of President Maduro and the current political situation. People are going hungry and seeing their family members die in hospitals due to a lack of medications. What Is Happening in Venezuela? Venezuela is in South America and has a population of 31.5 million. Venezuela's murder rate is among the highest in the world. The country had experienced turmoil long before the most recent political confrontation between the National Assembly and the Supreme Court. The once booming economy is near collapse. What is happening in Venezuela? Grassroots organizations are doing their best to confront the escalating levels of violence. There are severe food and medicine shortages.

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