"As poverty increased, resentment intensified. Polarization resulted, with the middle class pitted against the poor. As so often occurs in countries whose economies depend on oil production, demographics radically shifted. The sinking economy took its toll on the middle class, and many fell into the ranks of the poor. The new demographics set the stage for Chavez — - and for conflict with Washington..."
January 1, 1970
https://en.wikiquote.org/wiki/Confessions_of_an_Economic_Hit_Man