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The Resource Curse

Dispatches from Venezuela: Red roofs and the new ogling

by Scott Tong

Feb 17, 2016

From the notebook of Marketplace correspondent Scott Tong, on the ground in Venezuela.

The higher you climb in Venezuela's barrios, the poorer the people are who live there.

Jorge Galindo/Marketplace

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The Resource Curse

For Venezuela, oil is a resource curse

by Scott Tong

Jan 11, 2016

Over-reliance on oil, and subsidies for the masses, leave Venezuela in a desperate economic crisis

Supporters of Venezuela's late President Hugo Chavez and current President Nicolas Maduro accompany United Socialist Party (PSUV) deputies, outside the Supreme Court of Justice in Caracas on January 7, 2016. Venezuela's political crisis deepened Thursday as the government vowed to stop the center-right opposition using its new legislative powers to try and oust President Nicolas Maduro.

FEDERICO PARRA/AFP/Getty Images

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