It was prosperous and communism destroyed it. Venezuela seemed the same, same journey. I'll tell you an amazing stat in 1950. Do you know that Venezuela had the fourth highest GDP per capita of any country on planet Earth in 1950. Number one was the United States. Right. Number two was Switzerland. Number three was New Zealand. And number four was Venezuela. They've got the largest proven oil reserves of any country on Earth. (05:29–05:37)
CLAIM
Claims Venezuela had the fourth highest GDP per capita globally in 1950.
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