poverty_venezuela

Who can stop the plunge? (Updated)

Here is the Economist Intelligence Unit in 2015: Caracas is one of the cheapest cities in the world. Here is the same source just two years ago, in 2013: Caracas is the most expensive city in the hemisphere. The reason for the dramatic change? The massive devaluation currently under way in Venezuela. Now, you may…

Presidente-Hugo-Chavez-Calvario

The underachiever

Tomorrow is the second anniversary of Hugo Chávez’s death. We all remember him as a legend, an electoral behemoth who could conjure up adoring masses and fawning headlines seemingly at will. But you know what? It seems as though the emperor had no clothes. Our friend Francisco Monaldi puts things into perspective in this article for Prodavinci.…

PrincessContest_Ziegler.sized

The legislative elections and the principal-agent problem

Venezuela is supposed to hold legislative elections this year … emphasis on the word “supposed.” As Quico explained, the government has all the incentives not to hold the elections. The government is deeply unpopular, and no amount of tinkering with the results could hide the shellacking they’re looking to receive. There is another reason why large scale fraud…

secuestro

A kidnapper speaks

I found this video by Fusion fascinating. The outstanding part for me is how the young thug views this like any other job: he simply wants respect, he wants to move up in the ranks, and he is highly committed to his trade. It’s just that his trade … involves inflicting unspeakable violence on people.…

Doral

Searching for a word in Doral

My stay in Doral has been a strange one. I have enjoyed the familiar sights and sounds of the city, the one with the highest proportion of Venezuelans living in it. The bakeries, the sounds of people chattering, even the way people drive – they all remind me of home. But there is something else…