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.
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.
“Do you see these men with their eyes closed and heads tilted?” My uncle asked my brother and I.
The main constraint for growth in Venezuela is not related to market failures nor any purely economic issue, but to the political institutions of the country. As a result, Venezuela exemplifies that the economic issues of most nations are a result of their bad governance.
Last month, I wrote an article about Venezuela’s business environment
The Nord Stream 2 (NS2) gas pipeline project, which has been planned since
In Belarus people have been taking the streets for weeks against a dictator who is trying to suppress the protests with all the harshness of the state apparatus. Despite all the reprisals against the own population, they behave peacefully during all protests.
PLAN VICTORY - published by NEXTA Network
