It’s hard to know just how long it will take for Venezuelans to rid themselves of this fifteen-year tyranny. But the process has begun. The government is desperately on the defensive and the opposition has finally reached critical mass. The economy is in free fall, with inflation at more than 60 percent, GDP growth at [...]
One undeniable reason for Venezuela’s dire straits is the way that oil windfall has been used — or misused. Much of the fuel is, in essence, being given away.
Domestic subsidies make filling a car with gasoline “cheaper than a bus ticket.” This deprives the state-owned oil firm of billions, while Venezuela is indirectly underwriting [...]
El Salvador could morph into another Venezuela if the current ruling party retains control in presidential runoff elections next month, a leading expert on the region tells the Washington Free Beacon.
Roger Noriega, former assistant secretary of state for Western Hemisphere affairs in the George W. Bush administration, said in an interview that the Farabundo [...]
“I want to get out of here. I want to leave this country as soon as possible and never come back.”
The text from my friend Luis surprised me. A lawyer by training, he got his masters in urban planning from an elite Manhattan university, and had returned to Venezuela full of hope. He was [...]
There hasn’t been much coverage of these events by the US media of these protests, or of Venezuela’s economic collapse. CNN’s coverage of the shootings in Caracas notes that Maduro alleged that the protests were a “coup,” but otherwise mention little about the economic conditions in the country. Neither does the Associated [...]
Likewise, Venezuela in 2013 is not the country Chávez governed for 14 years. The endemic problems of the Chávez era — like spiralling crime rates that have placed the country among the 10 most dangerous in the world, and high levels of corruption encrusted in the upper echelons of the state apparatus — have grown worse and [...]
The late President Hugo Chavez’s dream of leveraging Venezuela’s oil wealth to spread revolution across Latin America is crumbling under the weight of an economic crisis that is forcing his hand-picked successor to cut back on generous foreign aid.
While Venezuela has fallen behind on payments before, the latest cash crunch is more severe, [...]
Russians arms inventories in Venezuela are blighted by widespread malfunction, breakdown and an endemic lack of operational readiness, opposition critics said.
Amid data indicating Venezuela is now Russia’s largest weapons customer in Latin America, thanks largely to deals reached before former President Hugo Chavez died of cancer in March, the [...]
Calling the main opposition figures thieves and terrorists “prepares the ground for dangerous days in Venezuela.”
Dangerous Days in Venezuela [Nov. 13, 2013]
By describing the three main opposition figures as thieves and terrorists, the government has crossed the line that separates political confrontation, no matter how aggressive, from the criminalization of dissidence and opposition. [...]
In San Cristóbal, people line up for hours to buy a few kilograms of flour. On the Colombian side, that same flour crams storefronts and is hawked by street vendors.
When Maduro talks about economic “warfare” and “sabotage,” Táchira is a frontline.
I wanted statistics on contraband. Several sources told me to ask the Bolivarian [...]