By Gregory Wilpert, TeleSur English , Nov 23rd 2015
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.
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.
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.
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.
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.
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.
By Reinaldo Iturriza and Omar Vazquez Heredia – El Otro Saber y Poder and La Pipa Rota, Oct 21st 2015
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".