Parking in Caracas is getting harder
Almost a year ago, I wrote a post about the ordeal that drivers in Caracas and other Venezuelan cities face every day just to find an available parking...
Economy
Bandes's not-so-great overseas adventures
Back in 2006, the Venezuelan state’s development bank BANDES decided to expand its operations overseas by starting a commercial branch in Uruguay. Five years later, Bandes Uruguay announced...
Scarcity was much cooler under Chávez
During the last presidential campaign, I took to highlighting the differences between a Chavez-led race and a Chávez –less one. For the sake of consistency, indulge me while...
The victim of my rant of the day: the Associated Press
Clever use of puns aside (“Venezuela hopes to wipe out toilet paper shortage by importing 50m rolls,” chuckle chuckle), I have a small beef to raise about this...
Micro-managing the downfall
Economists sometimes use the term “bounded rationality” to explain the impossibility managers have in understanding reality in all its complexity. Basically, bounded rationality says that managers and economic...
Gas prices and car ownership
An interesting post about Venezuelan gasoline consumption from UC Berkeley Professor of Economics Lucas Davis. He says that Venezuelans don’t own more cars per capita than comparable countries...
Lorenzo Mendoza, prophet of privatization
Lorenzo Mendoza, CEO of Venezuela’s largest private company (Polar), gave a searing press conference yesterday. In it, Mendoza thoroughly debunked the myth that people can’t find corn flour...
A whole LOTTTa trouble
A year ago, Hugo Chávez wrote a little big law that has made it very difficult for companies to do business in Venezuela. Written from his sick bed,...
It's the economy, Nicolás
Inflation, scarcity, crime, and those damn numbers on people’s arms. I shoot off over at the Transitions blog. My money quote: Taming inflation would require the government to...
Food sovereignty: Still a mere formality
The government has raised the official subsidy paid to domestic rice producers – from 2,50 Bolivars per Kilo to 3,60 Bs. In spite of this, our producers shouldn’t feel...
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