Oil wealth advice: Don’t be a democracy if you can help it

Venezuela and Saudi Arabia have the biggest oil reserves in the world and about the same population. But one country is rich and one is poor. Why?

A Venezuelan anti-government protest in February 2014. Protests have heated up again recently in the face of food shortages.Photo courtesy of Nelson Dordelly-Rosales

PUBLISHED :Wednesday, June 29, 2016 12:00 AM

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