Inflation is the disease and cancer that ravages the body of the economy, and the delay in taking solutions to it will make the possibility of solving any economic problem a real dilemma.
The Venezuela crisis is witnessing a mixture of many crises, the most prominent of which are many internal factors such as corruption and mismanagement, random printing of money and a decline in purchasing power. And many external factors, some related to the nature of the economy and the other political.
It's an extreme example of economic failure.
It didn't stop there, Venezuelans decided to leave their country and look for luck in other countries, because those who have quality feel they don't have a bright future seeing the economic conditions in their country getting worse. In addition, the most basic factor comes from the United States sanctions related to oil production in Venezuela.