Venezuela: a study in what not to do economically

If we needed another example of what not to do, Venezuela provided it for us

  1. article Completed

    Venezuela Is Running Out Of Beer Amid Severe Economic Crisis

    Lorenzo Mendoza greets and kisses worker at his shuttered brewery in Caracas, Venezuela. He's trying to boost morale. Mendoza is the chief executive of Venezuelan food giant Empresas Polar, which was founded in 1941 and is now the largest private company in this socialist country.

    Edit Remove Move
  2. article Completed

    Price Controls Are Disastrous for Venezuela, and Everywhere Else

    Images of citizens waiting in lines to get basic goods - toilet paper, flour, milk - throughout supermarkets in Venezuela abound across the internet. Such surreal imagery is the norm in present-day Venezuela. From the 1950s to the late 1990s, Venezuela was Latin America's most economically and politically stable country.

    Edit Remove Move
  3. link Completed

    4 Steps To Fix Venezuela's Economy

    Acclaimed economist Mark Weisbrot outlines a string of measures to resolve Venezuela's economic crisis, including instituting direct subsidies to poor and working class families, eliminating exchange and price controls, and diversifying the economy.

    Edit Remove Move
  4. article Completed

    Venezuela Gov't Doubles Down on Policies Blamed for 'Economic Disaster'

    Mexico City ( - The administration of Venezuela's socialist President Nicolas Maduro is doubling down on policies blamed by some for the country's massive recession and widespread shortages of food and medicines, according to a Caracas business leader. "The government has become more radical," Victor Maldonado, executive director of the Chamber of Commerce, Industry and Services told by phone from Caracas.

    Edit Remove Move
  5. video Completed

    2013: Venezuela pushing for price controls

    NOTE THE YEAR: Martin Markovitz reports from Caracas, Venezuela where the government has recently accused retailers of raising prices.

    Edit Remove Move
  6. video Completed

    Price controls fuel illegal trade in Venezuela

    Uploaded by International Daily News on 2016-02-06.

    Edit Remove Move
  7. video Completed

    Life on the line: Inside Venezuela's crisis - Talk to Al Jazeera (In the Field)

    From above, Caracas' skyline still hints at the opulence that once characterised oil-rich Venezuela, but at ground level there's no hiding today's reality: people are queuing all night for food and medicine; inflation is with over 700 percent the highest in the world; and murders and kidnappings are spiralling out of control.

    Edit Remove Move
  8. article Completed

    Blame capitalism not socialism for Venezuela's crisis

    Your thoughts on this counter argument? The right argue that if we vote for a socialist such as Jeremy Corbyn then Britain will end up like Venezuela. But Venezuela's problem isn't too much socialism-it's not enough. The country, whose former president Hugo Chavez proclaimed "21st century socialism ", is deep in crisis.

    Edit Remove Move

Continue learning by following more paths or create your own. Join for FREE

By clicking 'Get Started Free' you agree to our Terms of Service and Privacy Policy