Maduro’s new economic proposals entail the deepening of Venezuela’s implicit dollarization, and the Soviet-style privatization of strategic economic sectors, such as the country's oil industry.
Biden’s stimulus program could compromise the monetary stability of the United States.
This essay discusses the political consequences that the pandemic has brought to countries under authoritarian regimes, such as China, Russia, and Venezuela.
Subhead: Contrary to Biden’s thinking, the M
“Democracies do not die on specific dates or when specific laws are passed in congress. Democracies die in a more subtle manner. They die gradually; not when certain politicians are elected, but when certain ideas permeate the public discourse of an entire country.”
“La Resistencia es Libertad,” a new message heard all over Venezuela.
Last week, Venezuela experienced its latest sham election. This time is an “election” to renew the country’s national assembly, which is the only institution controlled by the opposition, and the only institution recognized by the international community.
In this week’s column, Jorge Jraissati studies the relationship between the COVID-19 crisis and the consumer price index in Spain. Jorge has been hearing anecdotes about price increases in Spain, which contradicts the macroeconomic indicators of the country.
In the middle of the biggest economic collapse of any nation in modern times, Venezuela is experiencing a fundamental, and perhaps irreversible, change within its economic system. Since 2019, Venezuela has been driving full throttle towards an economic phenomenon, which I refer to as implicit dollarization.
Pope Francis has manifested on numerous occasions his anti-capitalist vision of the world. In his latest encyclical, entitled Fratelli Tutti, Francis argues that the COVID-19 crisis exposed inherent problems of the free market system.