Coups and countercoups. Crackdowns. Economic crackups. Seven cents for a tube of toothpaste and $755 for a box of condoms. Falling oil prices. The arrest of an opposition leader. Washington plots. Human Rights Watch tweets. South America rallies.... Greg Grandin talks to a panel of experts to find out what really is going on in Venezuela.
Deivi Peña argues that increasing the price of gasoline will give the Venezuelan oligarchy an excuse to intenify the economic war by setting off a further spiral of inflation that will harm working class people.
The Venezuelan Central Bank has announced the creation of a new currency exchange entity known as SIMADI, which will allow dollars to be sold and purchased legally according to “market rates”. The new mechanism will operate alongside SICAD I and SICAD II, which will continue to sell dollars at an exchange rate set by the government.
While the shortages and long-lines are creating serious inconveniences and undeniable burdens on most Venezuelans, beyond the frustration, the voices of grassroots Venezuelans are getting lost beneath negative predictions of macroeconomic collapse. In this oral history collage, members of the Venezuelan grassroots and popular movements speak for themselves about the roots of the economic war, their strategies in the face of it, and the solutions that they propose.