Venezuela is a Ponzi scheme
(Posted on Foreign Policy´s Transitions blog) A pyramid scheme called Venezuela By Juan Cristobal Nagel Hugo Chávez, Venezuela’s embattled president, is living on borrowed time. The real problem...
Economy
Princess of China
El Nacional continues with its reporting on the push to get China to provide new financing for the Bolivarian Revolution. In a rambling article by Andrés Rojas, we...
The crowded bandwagon (cont)
Note: Long-time reader Dago takes the Torres/Monaldi/Morales/Rodríguez proposal for handing out oil rents to citizens and then taxing them, and frames it in an interesting, approachable way. He...
A timely reminder
This nifty BBC interactive feature serves as a timely reminder: gasoline in Venezuela isn’t so much “cheap” as it is, for all intents and purposes, free. [Hat tip:...
Hugo Chávez, darling of Wall Street
Bloomberg’s Ye Xie and Nathan Crooks have a very interesting article profiling the cozy relationship between Hugo Chávez and his bondholders. They make the case that, in spite...
The bandwagon is getting crowded
Long-time readers know extorres, our frequent (yet annoyingly anonymous) commenter who has been pushing the direct distribution of oil wealth for a loooong time. Today, the Wall Street...
This is what the Paquetazo looks like
As the government finds it has fewer dollars to fund imports of cut-price food, scenes like this one are set to become increasingly “normal”. When people imagine the...
Finding a cure for pessimism in Rio's favelas
(A Spanish version of this post appears in Prodavinci) The New Yorker published a shattering article this week by Jon Lee Anderson, about Caracas’ slow, brutal decadence. The...
G.M.V.V. Chronicles
Last month, after two years of waiting in shelters, 96 displaced families were given the keys of their brand new apartments in a new tower built in Western...
This is your country on shortages
The current problem of food shortages in Venezuela was the subject of a recent report by the Associated Press. One of the persons interviewed calls the experience of...
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