Brazil, Argentina and Paraguay account for 76% of world exports of soybean meal and 68% of exports of soybean oil. But as with other natural resources, the source of these riches—the technological advances contained in the seeds—remains out of reach.
Venezuela isn’t a cheesy soft-porn novel. The international community has to realize there are no shades of gray in Venezuela anymore. For all its flaws, one side is democratic; the other is just plain autocratic.
The international community is trying to encourage the Venezuelan government and the opposition to sit down to a dialogue. But democratic dialogue requires commitment to principles, and the government has never shown—nor is showing now—any willingness to commit to those values.
The new majority in the National Assembly has failed in offering economic alternatives and in confronting Venezuela’s political crisis. Despite being a lousy opposition, though, they are still important.
Venezuela is, once again, in the throes of a full-blown electricity crisis. Citizens complain of unannounced blackouts are shutting down factories, forcing shopping malls to close early, and otherwise wreaking havoc on an already-sputtering economy.