The Big Picture examines the present-day crisis in Venezuela by exploring the divisions rooted in its past.
Venezuela is gripped by crisis. Economic collapse and political meltdown have devastated a country that was once the wealthiest in the region, and still, today boasts the world's largest oil reserves.
Latin America's once 'model democracy' now struggles to maintain order and feed a divided people.
But the seeds of its current demise were sewn a century ago, when the events of its formative years ensured that the fate of Venezuela would be written in oil.
But the seeds of its current demise were sewn a century ago, when the events of its formative years ensured that the fate of Venezuela would be written in oil.
As the country developed into a functioning "petrostate", other vital elements of its modernisation were left distinctly under-developed.
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