Tag / Maduro
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7 Years of Plenty, 70 Years of Famine: Understanding Venezuela’s Crisis
“I’d have been better off broke.” This is how Abraham Shakespeare, a $30 million American lottery winner, described his windfall. “It’s just upheaval that they’re not ready for,” a financial consultant explained. “People have had terrible things happen.” A common “filler” story for news channels is the “Curse of the Lottery.” These cautionary tales warn…
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Venezuela: The anatomy of a failing state
Venezuela is spiraling out of control. Inflation is above 700 percent, and only rising. There are drastic shortages of basic consumer goods. Venezuelans wait in lines several blocks long just to enter grocery stores, only to find empty shelves. Even when certain products are available, the sky-high inflation rate is eating away at Venezuelans’ ability…
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