In an era of energy transitions and geopolitical uncertainty, Venezuela presents one of the most striking contradictions in the contemporary world. With the largest proven oil reserves at about 303 billion barrels , more than Saudi Arabia and Iran, in theory, the country should be economically viable and geopolitically relevant. Illustration by The Geostrata But the reality stands in antithesis to the expectations, becoming a textbook example of economic collapse, institutio

An epochal building block of a nation’s foundation is its sovereignty. Free from external influence, countries have the authority to...