The political climate in America may be tense at the moment, but it’s nothing compared to what’s happening in Venezuela. The South American nation is in such a state of chaos that authorities in the city of Valencia have seized a General Motors plant, forcing the automaker to suspend operations there for the foreseeable future.
A complicated situation
The troubles in Venezuela are complex, but they’re largely rooted in the country’s heavy dependence on oil exports.
When crude prices were high, the situation in Venezuela was better, but since oil began its sharp plunge in the summer of 2014, the economy has been in a tailspin. Inflation has surged, reaching 800 percent last December.
The financial troubles have had a direct effect on everyday Venezuelans. The country has become an outrageously dangerous place–the most murderous on Planet Earth–and the U.S. State Department has warned travelers about visiting Venezuela “due