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Transcripts For BLOOMBERG Bloomberg BusinessWeek 20170430

Businessweek editor chief megan murphy. For story we look at, venezuela. If you went back 10 years ago, it was an emerging market firing on all cylinders. Megan incredibly different story. The thing i like about this piece is exactly that issue you bring up. There is a quote that says they cant picture a country that has fallen so quickly, so fast, not just economically or markets, but the actual impact on people. It is so alarming. The average venezuelan is losing 19 pounds, the struggle to get access to food. Oliver does this signal a change of ideology or regime shift in terms of political ideology within latin america . Megan absolutely. You have hugo chavez of the most prominent example of someone who swept in on this populist hide. Latin america was populist long before we were populist. They were traditionally left somewhat alone. Venezuela had the advantage of having a huge oil economy that was such a large exporter when we had oil prices where they were at the time above 100.

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