TIME

REQUIEM FOR VENEZUELA

How the nation with more oil than anywhere else in the world fell apart
A street performer works for spare change on a traffic officer’s pedestal in Caracas in June

IN VENEZUELA THE FOOD LINES ARE only the most visible evidence of a nation in free fall. Known as las colas, the lines form before dawn and last until nightfall, several bodies thick and zigzagging for miles in leafy middle-class neighborhoods and ragged slums alike. In a country that sits atop the world’s largest known petroleum reserves, hungry citizens wait on their assigned day for whatever the stores might stock: with luck, corn flour to make arepas, and on a really good day, shampoo.

“I never dreamed it would come to this,” says Yajaira Gutierrez, a 41-year-old accountant, waiting her turn in downtown Caracas. “That in Venezuela, with all our petroleum, we would be struggling to get corn cakes.”

In the capital’s Dr. José María Vargas hospital, a doctor watched a 73-year-old woman die of kidney failure because the hospital lacked the medicine to perform routine dialysis. In a Caracas police station, more than 150 prisoners crowded into a cell made for 36, standing shirtless (there was no room to sit) in the stench of sweat and feces. In arid Lara state, an elementary-school teacher told of children fainting in class from hunger. The economy contracted by almost 6%

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