Venezuela is an impoverished economy and when you see a wealthy Venezuelan is a sight of suspicion, however there are "legal" ways to become a millionaire in Venezuela?
The "tragedy of the commons" is an expression to explain selfish decisions that benefit individuals but harm the collective in the long run. Is that what happened in Venezuela?
The BRICS group held their summit last Thursday in Johannesburg, South Africa and added 6 nations as new members, however Venezuela is not one of them.