How Venezuela Hit Rock Bottom
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How Venezuela Hit Rock Bottom
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About this listen
Back in the 1970s, Venezuelans became famous for their glamorous one-day shopping trips to Miami. "Ta barato, dame dos," the saying went. "That's cheap. I'll take two." Nowadays, the bolivar has lost practically all its value. Max and Stacey are joined by David Papadopoulos to understand what exactly went wrong with the Venezuelan economy. How did the country go from being stable and wealthy to experiencing runaway inflation and rampant poverty? Papadopoulos traces it back to fluctuating oil prices, too much spending and the difficulty of adjusting to a new way of life.
Also, Deena Shanker sits down in the studio to discuss her new story on weight loss drugs and their impact on the food industry. To get with the times, some restaurant are offering up small, high-protein meals. But are they any good? The trio digs in to find out.
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