The Real Problem is Waste
Venezuela's real problem isn't that "we don't have enough dollars." The real problem is waste. Rampant, crazy, senseless, useless waste.
Explainer: What's the Big Deal About Default
Wondering why exactly economists are so freaked out about a possible default? You're in luck. Here's a 100% jargon-free Explainer anyone can understand.
Subsidizing Fuel: Still The Worst of Our Policies
The Boston Globe shows why Fuel Subsidies are a global problem, and why Venezuela urgently needs to quit fooling around and end its own.
Clash of powers...but not as you know it.
With CNE now officially asking the Supreme Tribunal to dismiss challenges over null voting, a whole new kind of "conflicto de poderes" looms.
Sooner Than You Think
Mark your calendars, folks. By 2023, the bottom could fall out of the oil market...permanently.
The Opposite of Constitutional
The Supreme Tribunal outdoes itself once more with a decision on the National Assembly's oversight powers that would have made George Orwell proud.
Dispatch from a Normal Petrostate
When oil prices collapsed, the Canadian dollar took a tumble. Consumers took a hit, but for businesses, it was a big boost. Walk with me on a tour of macroeconomic adjustment in a petrostate run by sane people.
Good luck seizing our accounts in China, suckers!
Turns out los rusos tambien juegan. In this case, we're the rusos. And who are we playing with? The Chinese. Confused? Read on...
Zikand Tired
The government's characteristically bungled response to the Zika epidemic comes in for a withering assessment in the Washington Post.
Buh-Bye Luis, it's been real
Just over a month after he was appointed Vice-President in charge of the Economy, Luis Salas has been fired in favor of Miguel Pérez Abad.
Caracas Chronicles is 100% reader-supported.
We’ve been able to hang on for 22 years in one of the craziest media landscapes in the world. We’ve seen different media outlets in Venezuela (and abroad) closing shop, something we’re looking to avoid at all costs. Your collaboration goes a long way in helping us weather the storm.
Donate