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The Roots of the Current Situation in Venezuela


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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Caracas Farmers’ Market Showcases Grassroots Responses to Economic War

A woman sells fresh produce at the Caracas farmers' market. (Lucas Koerner)

Hundreds gathered in Los Caobos park in downtown Caracas on Saturday morning for an ecological farmers’ market organized by grassroots organizations and cooperatives.

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Venezuelan Authorities Uncover 2,500 Kilos of Expired Flour in Kraft Plant

On Saturday, a cache of 30 tons of corn flour were uncovered by Venezuelan Armed Forces officials in Zulia state as part of anti

Venezuelan authorities discovered 2,500 kilos of expired wheat flour at a plant belonging to the US multinational Kraft Foods in the northwestern city of Barquisimeto. The wheat flour was imported by the food and beverage conglomerate using preferential dollars provided by the Venezuelan state, which are exclusively reserved for importing food and medicines.

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Venezuela Says Oil Glut a Political Strategy as OPEC Leaders Determine Next Step


During a Tuesday live broadcast, Venezuelan President Nicolas Maduro announced that the country’s heavy crude oil was selling for a six-year low of $37.95 a barrel and claimed outside forces would try driving the price to $20 before the December 6th parliamentary elections.

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Venezuela Sues Miami-based Currency Website Dollar Today over Alleged Cyberterrorism

Exchange rates listed on Dollar Today twitter account (Twitter/@DolarToday)

The Venezuelan Central Bank (BCV) opened a lawsuit in a US federal court in Delaware on Friday against the Miami-based currency website Dollar Today, which it accuses of destabilizing the Venezuelan economy by publishing false exchange rate data.

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Maduro Makes Moves toward Economic Reform as New Poll Predicts PSUV Win

President Nicolas Maduro made a series of economic announcements while visiting an industrial site in the Venezuelan state of Ba

Venezuelan President Nicolas Maduro unveiled  a series of economic measures on Tuesday following the release of a new poll predicting a victory for the ruling United Socialist Party (PSUV) in December parliamentary elections.

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2016 Budget Unveiled as Venezuela Pushes for Price Ceiling at OPEC Meeting

(La Patilla/archive)

On Tuesday, Venezuelan officials outlined the 2016 budget, making emphasis on debt payment, while synchronous steps in oil diplomacy reveal an ongoing attempt to raise global prices. 

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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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Facing Stagnant Oil Market, Venezuela Diversifies Exports by up to 75%

Workers harvesting cacao at the Monterosa plantation in Choroni, Venezuela. (Photo: Meridith Kohut/ The New York Times)

Amid economic crisis fueled by stagnant oil prices, Venezuela is set to increase its non-oil exports by 75% in 2015. 

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