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Analysis: Economy

Venezuela's Economic Crisis: Does It Mean That the Left Has Failed?

A woman shakes a bag of corn flour, shouting "Why is it so difficult for me to buy this?" as hundreds of people wait i

Unifying Venezuela's multiple exchange rates is not "neoliberal", argues Mark Weisbrot. It's the only solution to the country's deep crisis. 

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Despite Profit Motive, US Banks and Markets Squeezing Venezuela's Economy

In the latest measure to cut off Venezuelan from international finance, Citibank announced it would no longer issue Venezuelan b

Pablo Vivanco inquires if international banks are colluding with the US government to deny credit to Venezuela like in Chile under Allende.

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Steve Ellner Part II: Is the Bolivarian Revolution a Populist Failure?

Steve Ellner addresses a forum in 2014 on Chavismo in Caracas, Venezuela. (Archive)

Universidad de Oriente Professor Steve Ellner discusses a range of key issues in Venezuela, including the efficacy of state social programs such as the CLAPs, the Maduro government’s controversial Mining Arc, and the role of international solidarity. 

 

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Steve Ellner: Democratization of PSUV is Key to Chavismo’s Future

Professor Steve Ellner. (Ángel Dejesús)

Distinguished Venezuelan history and politics professor Steve Ellner examines the current state of Venezuela's Bolivarian Revolution at the crossroads of a deep economic crisis and an opposition-led presidential recall effort. 

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Critiquing Chavismo's Shortcomings: An Interview with Miguel Rodriguez Torres

Miguel Rodriguez Torres. (Archive)

The former interior minister and close Chávez confidant analyzes the trajectory of the Bolivarian Revolution, critiquing its errors and proposing solutions to the present crisis. 

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Default: A Self-Defense Measure

(Archive)

Defaulting on Venezuela’s massive foreign debt and devoting the resources to social spending is the only solution to the South American country’s economic crisis, argues Marea Socialista researcher Carlos Carcione.

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What Happens if Venezuela Doesn't Pay its Foreign Debt?

(Archive)

Venezuelan economist Victor Alvarez explores the roots of the country’s critical financial situation and the consequences of placing a moratorium on its external debt. 

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Chavismo Must Stop the Economic Bleeding

(Aporrea)

Emersberger argues that UNASUR’s detailed plan is the answer to Venezuela's economic woes.

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Special Report: Hunger in Venezuela? A Look Beyond the Spin

Local and national vendors sell vegetables, fruits and prepared foods at a festival in Caracas. (Christina Schiavoni)

Cristina Schiavoni and William Camacaro go in-depth to report on Venezuela and the state of its food and agricultural system.

 

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Venezuela After Chávez

President Nicolas Maduro together with Socialist Party Vice-President Diosdado Cabello (R) next to a portrait of Hugo Chávez. (

Professor Julia Buxton argues that the Bolivarian Revolution's weakness was its inability to institutionalize the radical popular energies it unleashed in a new order, a failing that has led to the present crisis. 

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The Venezuela Problem: Hyper-Politicization and Fragmentation in Mercosur

Venezuelan President Nicolas Maduro alongside Brazil's Dilma Rousseff. (AVN)

Eli Cain and Erika Sato argue that economic cooperation in Mercosur has become increasingly more difficult given political circumstances in the region and some of the bloc's own protocols. 

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Social Movements Accompany Venezuela in Mercosur and Fight for Decision Making Power

Ricardo Guerrero of Big Little World at a an event commemorating International Day for People with Dwarfism in Venezuela. (Kevin

In this interview Ricardo Guerrero reflects on the struggle for social inclusion in economic policies and his experience in the differently abled movement.

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How Severe Is Venezuela’s Crisis?

People buy food at a market in Caracas, Venezuela on June 21, 2016 (Mariana Bazo / Reuters).

Gabriel Hetland concludes that the mainstream media has consistently exaggerated the extent of Venezuela's current economic crisis following a three week visit to the South American country. In this piece, he draws on a number of interviews with social movement activists to answer the question: just how bad is Venezuela's current crisis? 

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What’s Going on in the Barracks?

President Maduro with Admiral in Chief Diego Molero Bellavia. (AP)

Venezuela's armed forces could determine the fate of the Maduro government. 

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Beyond the Boliburguesía Thesis

(servirlpeuple.blogspot)

Steve Ellner explains why critics of Chavismo are wrong to suggest that socialism is to blame for corruption in Venezuela

 

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