Alejandro Cegarra’s photo series “State of Decay” is an unflinching portrait of Venezuela’s collapse. How this country went from being one of Latin America’s richest societies to one of its poorest is a disaster of bewildering proportions, one that defies easy explanation. Venezuela has the largest proven oil reserves in the world, but since the 2014 crash in world oil prices, on which Venezuela depended for more than ninety per cent of its export revenues, its economy has contracted continuously, unleashing an economic crisis worse than that experienced by Americans during the Great Depression. In the past five years, three million of Venezuela’s thirty-two million people have fled the country. More than half of all Venezuelans lack enough food to meet their daily needs. The country’s hospital system has all but failed; countless Venezuelans have died owing to a lack of medical attention and the scarcity of medicines for treatable illnesses. Hyperinflation is expected to reach ten million per cent this year. On top of everything else, Venezuela’s murder rate is among the world’s highest, making it one of the most dangerous countries in the world to live in.
