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economic crisis 2017

Venezuela’s ANC Calls for Economic Diversification

ANC head Delcy Rodriguez addresses a joint meeting with a the National Council of the Productive Economy. (@DrodriguezVen)

Venezuela’s national constituent assembly called Wednesday for an end to the country’s dependence on oil, and a diversification of the economy.

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What’s Left of the Bolivarian Revolution?

A barrio in Caracas, Venezuela. (Christian Madsen/Wikimedia Commons)

In difficult times, life histories by grassroots Venezuelan activists illuminate valuable lessons from the Bolivarian Revolution, argues Sujatha Fernandes.

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Venezuela’s Currency Nosedives, Maduro Cracks Down on Telecommunications Price Hike

(Reuters/Ueslei Marcelino)
Venezuela’s troubled currency has lost twice its own value over the past two months, according to the latest black market data.

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75% of Venezuelans Support Socialism: Poll

"Another world is possible, if it's socialist." (Archive)

The majority of Venezuelans believe in a socialist economy, but want the government to be more efficient and promote private investment, a top pollster said Wednesday.

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Pope Francis’ Call for Dialogue In Venezuela Should Be Heeded, to Avoid Civil War

(Russia Today)

Economist Mark Weisbrot argues that talks between the national government and opposition must happen if Venezuela is to avoid a repeat of the civil wars that engulfed Central America in the 1980s.

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Reinaldo Iturriza: "What Is at Stake Is the Fate of Venezuela’s Revolutionary Democratic Experiment"

Working class unity behind the National Constituent Assembly is the condition for both its success and the survival of the Bolivarian Revolution, argues the former communes minister. 

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Down from the Mountain

President Hugo Chávez with residents of the Caracas barrio of Antímano. (Archive)

Hugo Chávez never wavered in his commitment to Venezuela's popular movements, argues historian Greg Grandin in his review of Ignacio Ramonet's new Chávez biography My First Life

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Venezuelan Grassroots Socialist on the Challenges Facing the Bolivarian Process

Stalin Perez Borges. (Green Left Weekly)

Green Left Weekly’s Federico Fuentes interviews socialist activist Stalin Perez Borges from the United League of Chavista Socialists (LUCHAS) on the challenges facing the Bolivarian revolution. 

 

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Will Venezuela’s Latest Exchange Rate Reforms Help?

The new reform is intended to halt the further devaluation of Venezuela's bolivar. (Archive)

VA's Ryan Mallett-Outtrim weighs the potential pros and cons of Venezuela's latest currency exchange reform, arguing that only a free floating exchange rate will save the country's crisis-ridden economy. 

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Venezuela’s New Forex System Launches

(El Nacional)

Venezuela was set Thursday to hold its first currency auction under its newly reformed foreign exchange system, which the government says will be more transparent and effective than its predecessors.

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