- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Venezuela is on a complete economic and political collapse, which has been building up since the early days of Bolivarian Socialism. Hyperinflation In Venezuela Is a result of their socialist platform. Lower oil prices and hyperinflation have had wide-reaching consequences for the entire population, which include government imposed limits on food supplies, electricity black out. In past ,the Venezuelan economy is driven by oil. It has the world’s largest oil reserves. But today, Venezuela is suffering due to low global crude oil prices. In 2003, the Chavez government set price controls on about 400 food items , in an effort to “protect the poor”. Price controls led to supply shortages. A few of the supermarkets that could manage to get i...