The Jordan Harbinger Show

Venezuela's collapse is about way more than socialism and oil. Ryan McBeth breaks down how a resource-rich nation became a cautionary tale on our doorstep.Welcome to what we're calling our "Out of the Loop" episodes, where we dig a little deeper into fascinating current events that may only register as a blip on the media's news cycle and have conversations with the people who find themselves immersed in them.Full show notes and resources can be found here: jordanharbinger.com/1269On This Episode of Out of the Loop:Venezuela's collapse wasn't caused by a single villain or policy — it happened because oil money replaced accountability. Institutions were hollowed out, competence was swapped for loyalty, and when the cash dried up, the regime compensated with control instead of reform.Hugo Chavez's "Bolivarian Revolution" brought real benefits early on — redistributing oil wealth and challenging entrenched elites. But the gains depended entirely on high oil prices, and when those collapsed around 2010, hyperinfl