Venezuela’s Collapse, Explained by a Venezuelan Economist | Daniel DiMartino
Episode description
Venezuela didn’t collapse overnight — it voted its way there.
In this episode of Ami’s House, we’re joined by Daniel DiMartino, a Venezuelan-born economist and fellow at the Manhattan Institute, to explain how one of the richest countries in the world unraveled into authoritarianism, poverty, and mass exile.
Daniel walks us through what it was actually like to grow up in Venezuela as power slowly centralized, institutions weakened, and socialist policies hollowed out a once-prosperous society — all through democratic means.
We discuss:
How Venezuela went from top-10 in economic freedom to near the bottom
Why oil wealth failed to prevent collapse
The difference between Venezuela and Iraq-style regime change
What American debates about socialism and executive power often ignore
Why Venezuelans overwhelmingly reject the Maduro regime
This is a sober, firsthand conversation about incentives, power, and the slow erosion of democratic guardrails — and why Venezuela matters far beyond South America.
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