Analysis: Economy

A Multiple Socialist Administration Model and Enterprises of Social Property (ESP) in Venezuela - Success, Difficulties, Prospects

By Rafael Enciso Patiño - workerscontrol.net, Feb 4th 2012

Based on the analysis of the historic experience of what we call the Soviet mode of production – to differentiate it from the socialist mode of production theoretically formulated by Marx, Engels, and Lenin – we here analyze the experience of Venezuela, its process of recuperation of national sovereignty during the government of President Chávez since 1999 and the road traversed with the construction of the material and cultural bases of socialism since his reelection in December 2006 when the chief of state declared socialism as the path of development and the strategic objective to be obtained.

In Defence of Rory Carroll and Venezuela's Persecuted Elite

By Rachael Boothroyd - Venezuelanalysis.com, Feb 1st 2012

The government's Mercal markets have helped reduce infant malnutrition by 58% and boost food consumption in Venezuela over

Even in a regulated economy such as Venezuela, financial traders and the commercial elite, the same bourgeoisie which Carroll continues to cite as a reliable source on all things Venezuelan at the expense of engaging with ordinary citizens, have found a way of speculating and exploiting the economic situation whilst giving the proverbial finger to the majority of Venezuelans and the national government.

New PDVSA Gives Precedence to Social Investment and Integration

By YVKE / AVN / RNV, Nov 22nd 2011

Before the Bolivarian Revolution, Petróleos de Venezuela, S.A. (PDVSA) the Venezuelan state-run oil company, was completely cut off from society and its needs. The strategic guidelines of the country’s oil industry were set abroad to favour large multinationals such as Exxon and Shell, among others.

Praxis, Learning, and New Cooperativism in Venezuela: An Initial Look at Venezuela’s Socialist Production Units

By Manuel Larrabure, Nov 11th 2011

In this paper, I address the question as to the extent to which the participatory and democratic processes taking place as part of Venezuela's new cooperative movement can be said to be a component for the building of social relations that challenge those of capitalism.

Does the Process of Change in Venezuela Resemble a “Permanent Revolution”?

By Steve Ellner - Dialectical Anthropology, Oct 19th 2011

The process of ongoing radicalization over an extended period under the presidency of Hugo Chávez contrasts with revolutions elsewhere throughout history. This paper will focus on the dynamics of radicalization in Venezuela and will examine the factors that contributed to the process.

Demystifying Venezuela’s Inflation: The Opposition’s Red Herring

By Tamara Pearson - Venezuelanalysis.com, Sep 30th 2011

An open air, or roving Mercal, with state produced products in the foreground (Mercal).

In local opposition and international mass media inflation is the buzzword, and because of it, Venezuela is clearly a mess, life is hopeless, and the government has got to go. Yet is inflation really the big evil it’s made out to be? How much does it impact on the lives of Venezuelans? How much worse is it, really, under Chavez, and what is the government trying to do about it and the food situation?

A Summary of a Massive Financial Fraud Campaign Against the Venezuelan State and People

By Arturo Rosales - Axis of Logic, Sep 22nd 2011

As a political actor against the Venezuelan government mainly via its editorials Veneconomy has just published a shameful piece trying to justify the actions of stockbrokers who did irreparable damage to the Venezuelan economy since exchange controls were imposed on January 17th 2003.

Chavez versus Obama: Facing Presidential Elections in 2012

By James Petras, Sep 18th 2011

Two incumbent presidents are running for re-election in 2012, Hugo Chavez in Venezuela and Barack Obama in the United States. What makes these two electoral contests significant is that they represent contrasting responses to the global economic crises.

Communes in Caracas: Communal Organization Includes the City

By Karla Ron - Ciudad CCS, Sep 16th 2011

Among the aims of community organization is that of building the communal State, where power is exercised directly by the people, through self-government, with an economic model of social property and endogenous development.

Panel 3: “Cooperatives” Questions and Answers

By Prout Research Institute of Venezuela (PRIVEN), Sep 2nd 2011

A translation of the questions and answers session from the panel: “Cooperatives: Diagnosis and Solutions in Building Economic Democracy," held at the first global PROUT conference in Caracas at the end of July.

The Ideological Map of the Revolution

By Neftali Reyes - Debate Socialista, Sep 1st 2011

These last twelve years have been in preparation for the “critical point” that inevitably approaches. It is a time that defines society’s direction. Everything done up to this point has been building towards this historic moment.

The “Solidarity Economy” in Venezuela: Questions and Answers

By Prout Research Institute of Venezuela (PRIVEN), Aug 28th 2011

A translation of the questions and answers session from the panel: “Solidarity Economy in Latin America: Lessons and Possibilities from Venezuela, Brazil and Cuba", held at the first global PROUT conference in Caracas at the end of July.

Diagnosis and Perspectives of the Social and Solidarity Economy of Venezuela

By Elvy Monzant, Aug 25th 2011

A discussion by Venezuela's Elvy Monzant, Dean of the School of Communication at the University Cecilio Acosta de Maracaibo and active member of the Gestión Participativa Cooperative. Monzant spoke during the First Global Prout Conference in Venezuela, "Building a Solidarity Economy based on Ethics and Ecology" (July 2011).

Building Socialism through People’s Economic Participation in Venezuela

By Ina Alleco R. Silverio - Bulatlat.com, Jul 15th 2011

In this analysis published by Philippines-based Bulatlat.com, writer Ina Alleco R. Silverio shares ideas with Venezuelan educator and activist Alexis Adarfio on the Venezuelan people's struggle against imperialism and for economic and political sovereignty.

Food in Venezuela is Now Guaranteed

By Venezuela International - MinCI, Jul 14th 2011

The Venezuelan people's access to a healthy balanced diet has been greatly improved by government-backed programs such as P

Venezuelans today not only have a variety of foods at a low cost compared to what their salaries could afford 12 years ago, but they now access more nutritious foods on a daily basis.