Skip to Navigation

Analysis: Economy

The Silent Success Of Cooperatives In The Bolivarian Revolution

The CECOSESOLA (Cooperatives of Social Services of Lara State) food co-op consists of 538 worker-members who sell to 60,000 shop

Dada Maheshvarananda presents how cooperatives are a strong force of community empowerment that are transforming people's values from being self-centered to actively working for the common good in Venezuela.

» read more

Venezuela’s Decision Not to Devalue Its Currency Raises Questions

José Khan, Director of the Central Bank of Venezuela (BCV) stated that Venezuela will not devalue the bolivar currency (El Univ

Cory Fischer Hoffman looks at the pressures facing the Venezuelan economy and the questions raised by the decision of President Nicolas Maduro’s government not to adjust (devalue) the country’s exchange rate in the near future.

» read more

The Corporate Assault on Latin American Democracy

ICSID logo (archive)

In recent years, the ever-aggressive corporate war on Latin American societies has entered a new phase, one in which major battles are being decided on the fourth floor of the World Bank headquarters in Washington, by an obscure and increasingly powerful institution known as the International Center for the Settlement of Investment Disputes.

» read more

The Limits of Changes – Venezuela: Terminal Crisis of the Rentier Petro-State?

Caracas, Venezuela (archive)

Venezuelan author Edgardo Landar reviews recent and long term developments in the country’s politics and economy, and argues that the Bolivarian project must move beyond the “petro-state” in order to make further progress toward its transformative goals.

» read more

Bolivia-Venezuela Comparisons Should be Very Helpful to Radical Chavistas

Bolivian president Evo Morles (left) and Venezuelan president Nicolas Maduro (La Prensa / EFE)

Emersberger responds to the recent opinion article “Paralysed Venezuela vs Thriving Bolivia”, arguing: “Maduro’s government, like that of Chavez before him, is facing an economic war and other forms of destabilization. The lesson from Bolivia isn’t that it must try harder to win over foreign and domestic elites.  On the contrary, Bolivia’s example offers ways to fight more effectively.”

» read more

Planting the People's Seed Law in Venezuela

Anti-GMO Stencil on a building in Bellas Artes, Caracas. (Photo: Cory Fischer-Hoffman for Venezuelanalysis.com)

The battle against Genetically Modified Organisms (GMOs) is central in the ongoing fight between transnational corporations and the health and sovereignty of the people of Venezuela.

» read more

Paralysed Venezuela vs Thriving Bolivia: Two Faces of Socialism

La Paz, Bolivia (archive)

Hernán Luis Torres Núñez, a frequent economics commentator on leftist Venezuelan community forum Aporrea, argues that Venezuela should learn from Bolivian president Evo Morales’ pragmatic style of governance for “21st century socialism”.

» read more

The Professor & The President: Who’s the Bully?

Ricardo Hausmann (prodavinci.com)

Suren reviews the inflammatory Sep 5th opinion piece by Harvard economist Ricardo Hausmann, titled Should Venezuela Default? The article caused interest rates on Venezuelan bonds to temporarily soar as investors balked at Hausmann’s calculated commentary regarding the nation he once served as planning minister, during Venezuela's era of neoliberal reign known as the 4th Republic.

» read more

Venezuela, Country of Overwhelming Riches and Intense Contrast

Smuggling toilet paper across the Simon Bolivar bridge, between Venezuela and Colombia. (Ramón Lepage / Orinoquiaphoto)

Quechua anthropologist Ollantay Itzamná writes of his crossing from Baranquilla, Colombia to Venezuela. After choosing not to heed the colorful warnings of famine and crime parroted by Colombian taxi drivers, Itzamná finds as he draws closer to the border that he is just one foreigner among hundreds of Colombians who cross over daily to fill their bags with low-priced goods.

» read more

Why Venezuela Should Not Default

(archive)

In a provocative article published last week Venezuelan economists Ricardo Hausmann and Miguel Angel Santos make an argument that if authorities adopted a set of common-sense policies, they argue, these would include defaulting on the country’s foreign debt and making bondholders bear part of the burden of adjustment. Francisco Rodríguez  argues that Venezuela should not default on its debt because default Venezuela is not insolvent.

» read more

Briefcase Companies and Phantom Importers

Luis Britto Garcia (courtesy)

Venezuelan writer Luis Britto Garcia argues that even before we critique the misuse of dollars by Venezuela’s flourishing phantom companies, we must look at what legitimate transnationals are allotted the most dollars through the government subsidy, and what their offered services say about the government’s priorities.

» read more

Venezuelan Voices, Part II: An Inflammatory Question

A PDVSA [state] truck transporting gasoline in Caracas (AVN)

As Venezuelan president Nicolas Maduro combats corruption, reassigns half of ministry positions, launches “a new stage of the revolution,” and even hints at a minimum wage increase for November, the question remains what economic steps will be taken to reverse the high inflation that critics are quick to associate with his leadership.

» read more

Venezuelans Protest Big Business for their Role in the Economic War

Cory Fischer-Hoffman/Venezuelanalysis

Amidst the ongoing “economic war” in Venezuela, 200 people from various political collectives marched to Fedecamaras headquarters to place a spotlight on how the largest business confederation may be contributing to scarcity, inflation and speculation in Venezuela. 

» read more

“A Daunting Situation”: Doctor Zaira Medina Speaks about Venezuela’s Medicine Shortages

Medina (left) (Correo del Orinoco)

In an interview with the radio program “Ajicero” last Friday, Zaira Medina, a doctor and the director of the Pérez de León Hospital in Petare, Caracas, speaks with Carlos Novella and Miguel Denis about current shortages of drugs and medical supplies in Venezuela.

» read more

Snapshot from the Economic War in Venezuela

Johnny Moreno (left) teaching a Mision Robinson [literacy] class in 2004, in El Valle, Caracas. (Sujatha Fernandes)

Sujatha tells the dark understory of the economic war in Venezuela- the human side of the struggle against corruption that can hardly be expressed through graphs and charts.

» read more

Syndicate content