Is Venezuela on the brink of collapse?
The Briefing Room
BBC
4.8 • 731 Ratings
🗓️ 10 August 2017
⏱️ 28 minutes
🧾️ Download transcript
Summary
How did the oil rich state of Venezuela see such a rapid economic decline? Poverty is rife, inflation is running at more than 700 per cent and protests are widespread. President Nicolás Maduro is tightening his hold on power following the appointment of a new national assembly, charged with writing a new constitution.
In this week's programme David Aaronovitch asks whether former president Hugo Chavez and president Maduro played a role in compounding the crisis and asks if Venezuela might become a failed state.
CONTRIBUTORS Dany Bahar, The Brookings Institution
Andrea Murta, Adrienne Arsht Latin America Center of the Atlantic Council
Miguel Tinker-Salas, Pomona College, California
Katy Watson, BBC
Vladimir Hernandez, BBC.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to the briefing room with me, David Aronovich. |
| 0:07.0 | This week I'll find out just why the oil-rich state of Venezuela is in crisis. |
| 0:19.4 | You may well have heard of the Simon Bolivar Symphony Orchestra. |
| 0:23.6 | It's given some of the poorest youngsters in Venezuela |
| 0:27.6 | the chance to play music around the world |
| 0:29.6 | thanks to funding from the country's socialist government. |
| 0:33.6 | To many, the orchestra was a hopeful metaphor for an alternative society where the poor could flourish. |
| 0:40.3 | One of the violinists was 18-year-old Armando Canisales. |
| 0:46.3 | This year, he joined a protest against the government. |
| 1:03.0 | He was shot in the street and rushed into an ambulance. Armando died. |
| 1:05.0 | The orchestra's conductor, Gustavo Doudamel, denounced violence saying, nothing justifies bloodshed. |
| 1:11.6 | Enough is enough. |
| 1:13.6 | At least 120 people have been killed in political violence |
| 1:17.6 | in the last few months. |
| 1:19.6 | There are desperate shortages of food and medicine. |
| 1:22.6 | Step into the briefing room where we'll explore |
| 1:25.6 | why Venezuela is in crisis and look at what can be done to prevent a total collapse. |
| 1:34.3 | To understand the current turbulence will be looking at the history of the country and the ideas behind what's known |
| 1:45.3 | as the Bolivarian Revolution. This political program, characterised by generous social spending |
| 1:52.0 | and nationalisation of much of the economy, was named by former President Chavez after the |
| 1:58.0 | country's 19th century independence hero, Simon Bolivar. |
| 2:02.8 | Our correspondent, Vladimir, was born in Venezuela and went back recently to document the crisis. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from BBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of BBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

