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Analysis: Economy

The Economist’s Latest Whoppers on Venezuela

Venezuela's President Hugo Chavez (R) gestures next to Nicolas Maduro. Both Venezuelan president have been targets of disho

Joe Emersberger debunks The Economist's latest distorted coverage of Venezuela, including its claims that Venezuelan poverty failed to drop under Chavismo, that Venezuela is the worst performing economy in the world, and that press freedom is under attack. 

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How Bad is Venezuela's Economic Situation?

(AVN)

Ryan Mallett-Outtrim runs readers through an indepth breakdown of the current economic situation in Venezuela. He argues that despite the dire outlook, not all is lost.

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Economism in Venezuela: Theory and Practice

President Maduro. (VTV)

Chris Gilbert argues that the Venezuelan leftist leadership must first overcome its economism if it is to resolve the country's current economic and political crisis. 

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Venezuela: Potential Paths out of the Economic Crisis

Samples of Venezuela's currencies are displayed at the Central Bank building in Caracas February 10, 2015.
(JORGE SILVA/Re

What should be done, what can be done, and what is likely to be done? James Suggett reviews solutions proposed by Venezuelans on the ground that fall into five broad categories: neoliberalism, market-based reform, correction and maintenance of current policies, socialism with the state, and socialism without the state.

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Political Tendencies in Post-6D Venezuela

(AVN/Archive)

Ryan Mallett-Outtrim evaluates the challenges facing the opposition and Chavismo following the former's landslide victory in December 6th parliamentary elections, arguing that without cooperation between the two blocs, the Venezuela's economy will likely descend into deeper crisis. 

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The End of Chavismo? Why Venezuela’s Ruling Party Lost Big, and What Comes Next

 A pro-government supporter wears a T-Shirt with image of Venezuela's late President Hugo Chávez, as he waits for results

Even Chavistas are fed up with the economic crisis and want change. But unlike the right, grassroots leaders are calling for more popular control and collective decision-making.

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Venezuela and Poverty: Has the International Media’s Foolishness Reached an All-Time High?

Petare, Caracas. (Ryan Mallett-Outtrim)

Political analyst Joe Emersberger dissects a new study claiming that income poverty in Venezuela has reached an historic high of 73%, demonstrating that such a figure is incompatible with statistics proffered by the IMF and Bank of America. 

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The Roots of the Current Situation in Venezuela

(AP)

Venezuelanalysis's Gregory Wilpert breaks down the causes of the current difficulties in Venezuela, arguing that they can be traced to the currency control measures implemented in 2003 - designed to defend the government against a capitalist attack on its currency.

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Venezuela at an Impasse: Crisis and Community Solutions

"Make socialism fly".

With parliamentary elections fast approaching, VA's Z.C. Dutka looks at Venezuela's current economic crisis and the emerging responses from below, examining grassroots initiatives to build a new productive economy in the oil-exporting nation, one based on solidarity and participatory democracy. 

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Iturriza vs. the "Young Communists": Political Responsibility and Leftist Critique in Venezuela

Graffiti in Mérida, Venezuela (Max Berman)

In yet another heated controversy on the chavista left, Venezuelan Culture Minister Reinaldo Iturriza mounts a critique of certain "young communists" for their leftwing attacks against the Bolivarian government. In response, one of the young communists accuses Iturriza of red-baiting in a bid to silence debate around the government's "reactionary economic adjustments". 

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Ernesto Villegas: Bachaqueo is the Free Market in its Worst Dimension

Ernesto Villegas (Photo: AVN)

The renowned Venezuelan journalist and politician Eneresto Villegas discusses bachaqueo, or the widespread practice of reselling food items, from a Marxist perspective.

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It is Necessary to Contextualize the Pragmatic and Populist Policies of the Chavista Government: An Interview with Steve Ellner, Part II

Steve Ellner is a well-known analyst of Venezuelan and Latin American politics and is a retired professor at the Universidad de

In the second part of the interview, Ellner argues that populist policies also have to be contextualized in order to be objectively analyzed. At the same time, he calls for a critical examination of the assertion that the government’s social programs and labor policies have generated low levels of productivity.

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Another Beer is Possible: Venezuela's Grassroots Take On the Polar Brewing Monopoly

The polar bear is the symbol for Polar enterprises, one of the largest monopolies in Latin America dominating over half the coun

The beer business in Venezuela was strategically designed so that that only three brewing companies could become part it, which with the passing of time became two: that of the Mendoza family– Polar– and that of the Cisneros–Regional/Zulia. But if the course of the revolutionary process has taught us something it is that nothing has been so well designed– by the dominant classes– that the organized people can’t transform it.

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Venezuela Takes Control of Its Border as Bogotá and Caracas Bring Their Cases to UNASUR

President Maduro speaking at the march against paramilitarism in Caracas.

The author argues that chronic shortages in Venezuela are a direct result of cross-border smuggling networks, which are the target of President Maduro's recent anti-contraband offensive in the Colombian-Venezuelan border zone. 

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The Communal Levels of the War

Graffiti on Venezuelan street likens bachacos or resellers, to thieves. (Mision Verdad)

As the Maduro government cracks down on contraband and speculation, communes and communal councils are taking the lead as a key front in the economic war. 

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