The Guacamaya

Millionaires of the Revolution

21 min · 14. juli 2026
episode Millionaires of the Revolution cover

Description

Episode 14  |  How did Hugo Chávez’s socialist revolution create a new class of millionaires?  This episode explains how CADIVI, Fonden, and Venezuela’s historic oil boom became engines of corruption—and how loyalty to Chávez gave insiders access to cheap dollars, government contracts, and impunity—giving rise to a new oligarchy in Venezuela: the Bolivarian bourgeoisie.

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