Analysis: Economy

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

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Ryan Mallett-Outtrim gives a run-down of the root causes of Venezuela's economic problems, arguing that the government's maintenance of exchange controls, not socialism, has sunk the country into a financial black hole.

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Economist Mark Weisbrot argues that fixing Venezuela's broken currency exchange system may be the only way for the Maduro government to regain popularity and stay in power amid a right-wing offensive. 

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Mainstream critics of the Bolivarian government have systematically ignored the role of US imperialism and Venezuela's rentier oligarchy in fomenting the country's current economic crisis. 

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In this interview, investigator and former Mining and Basic Industries Minister, Victor Alvarez, argues that the government must implement an economic stabilisation plan with social welfare before it is too late.

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