Conspiracy theories are a standard way for populists to distract citizens and stoke up their base. But the governments in Argentina, Ecuador and—particularly—Venezuela have turned it into a real art form.
Huffington Post interviewed LatinAmericaGoesGlobal editor Chris Sabatini on the economic situation in Venezuela. We read a lot in the press about Venezuela’s unusual currency system, which can be confusing to outsiders. What is the Venezuelan government trying to do? Basically there’s a three-tiered system and a black market system. At the top tier, the rate […]
Venezuela’s recently announced legislative elections (in November or December this year) represent one of the last opportunities for the country (and the region) to find an exit to its political and economic deterioration.
Even if you don’t agree with the Venezuelan opposition’s call for “la salida” of President Maduro, leaders like Leopoldo Lopez, now in prison almost 15 months, still have the right to demand the resignation of a president–a right Brazilian President Dilma Rousseff rightly supported in her country. Here’s his parents’ story.
Falling global oil prices are wreaking havoc on Latin America far beyond the economic mess in Venezuela. True, the near-60-percent drop in the price of a barrel of oil since June 2014 has compounded Venezuela’s problems—hyperinflation and deteriorating finances—that resulted from decades of mismanagement. But other countries with more prudent economic policies, including Brazil and […]