About 1.9 million Venezuelans have fled their collapsing nation since 2015 in one of the largest migrations in the world in recent years.

the collapse of Oil Prices, the government was subsidizing everything regular people need (gasoline at pennies per liter, etc) in order to stay popular, and when the profits collapsed with the price collapse (because they didn't bank anything) the economy collapsed Stupid economic policy will collapse any government. It almost did in Russia too, and they were better prepared.