“A trending video on social media illustrated that in some states of Venezuela, people are using gold for their everyday transactions. In fact, it shows that they are using the domestic currency to wrap the grams of Gold. It is that worthless.”
By all economic and social accounts, Chile has been the most successful Latin American country of the last generation.
Since forever, Latin America has been in a perpetual state of political turmoil and social unrest. The consequences of this are multiple.
Court-packing fundamentally transform the institution into a political actor, no longer capable of acting as an impartial referee.
“La Resistencia es Libertad,” a new message heard all over Venezuela.
On Tuesday, Maduro proposed new legislation that encompasses the privatization of the oil industry, the possibility of returning expropriated companies to their original owners, and the free trade of strategy goods, such as fuel.
Venezuela is constantly over the news given its unprecedented economic collapse. Yet, numerous people still think that the country’s economic hardships were caused by external factors, such as declining oil prices or financial sanctions from the international community. When in reality, the Venezuelan collapse is the direct consequence of the country’s inefficient, distorted, and hostile business environment.
There is a dramatic and worrying informational blackout in Venezuela. The regime censored all traditional media outlets. Social media has become more deception than information. And as if these problems were not enough, most Venezuelans don't even have internet access.