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Ted Cruz: “In 1950, Venezuela had the fourth highest GDP per capita in…”

Featuring: Ted Cruz, Republican | U.S. Senate, Texas

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Venezuela Victory Part 2–Historically Transforming Latin America & What Happens Next

Published | Video Starts at 38:41

They could get their economy up and roaring and the people could have a great life. And they used to have that. By the way, in Venezuela, people forget that. Yeah. Remember In 1950, Venezuela had the fourth highest GDP per capita in the world. The United States was first, then Switzerland, then New Zealand, and Venezuela was number four. That's what these communists screwed up. (38:41–38:47)

CLAIM

Asserts that Venezuela ranked fourth in GDP per capita in 1950.

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