Tag: Venezuela
When Government Fails—Venezuela Edition

Whenever Venezuela comes up in the news the story is rarely good. From massive civil unrest, to rampant shortages, to hyper-inflation, to stories of squatters, the country is probably not on the top of many people’s “places I’d like to visit” list. While we may look at the situation in Venezuela and think, “wow,…
Read More »

The Prime Importance of Private Property Rights

Imagine for a moment you decide to rent out a room in your home to another person. There are two parties in the contract—the landlord (you) and the tenant. You both agree to the lease and sign the contract. Things are going fine, but then, your tenant stops paying their rent. The solution to…
Read More »

Galeano vs. Rangel: A Conflict of Visions in Latin America

In 2009, President Hugo Chávez caused a stir when he presented President Barack Obama with a literary gift titled Open Veins of Latin America. The author, Uruguayan writer Eduardo Galeano, an icon of the left, died last month. It so happens that 2015 is also the fortieth anniversary one of the best books about…
Read More »

Venezuelan Dictator Nicolas Maduro Tightens His Grip

Venezuela’s tyrant, Nicolás Maduro, has a habit of surpassing his own repressive feats every now and then. The latest wave of repression gives a stunning indication of how far he is prepared to go to hold on to power in the face of massive rejection. At the end of January, Maduro’s government gave the…
Read More »

What Makes a Miserable Country?

Venezuela is the world’s most miserable country, according to a team of researchers at Johns Hopkins University who have calculated a World Misery Index. “Misery” is measured as the sum of a country’s inflation rate, unemployment rate, and interest rate, minus the annual percentage change in real GDP per capita. The higher the total…
Read More »

Oil and Dictators

Will the collapse of oil prices benefit or erode petrodictators in the Middle East, Eurasia, Africa, and Latin America? At first glance, the answer would seem obvious. Venezuela, Nigeria, and Iran need crude prices as high as $110 per barrel to fund their states in their present condition. Russia, half of whose government budget…
Read More »

Leopoldo Lopez: Venezuela’s “Dangerous Man”

After several days in hiding, Leopoldo López, one of the leaders of Venezuela’s resistance movement, turned himself in at a massive protest rally and proclaimed: “If my imprisonment serves to wake up people…it will have been worth it.” The Chavista dictatorship headed by Nicolás Maduro has charged him with acts of violence related to…
Read More »

Venezuela: The End of Newspapers?

I recently got a call from the owner and editor of “El Nacional,” the longstanding Venezuelan daily, in which Miguel Henrique Otero told me that things are even worse than what has been reported in relation to his country’s newspaper industry. Since the end of last year, the government has refused to allow the…
Read More »

Venezuela’s Price Police

The Venezuelan government’s war on price inflation is not a metaphorical one—last weekend President Maduro, who owes his title to April’s rigged election, ordered the military takeover of Daka, a chain of electronic stores, and the arrest of several managers from that and other retail companies. The rhetoric employed by Maduro was inevitably interpreted…
Read More »

Independent Institute Fellow Victim of Chavez’s Abuses

On the evening of May 25, Independent Institute Senior Fellow Alvaro Vargas Llosa was detained for questioning for almost three hours by Venezuelan authorities following his arrival at the Caracas International Airport. Since the officers in charge of his custody forgot to take away his cell phone, he was able to answer a call…
Read More »

  • Catalyst
  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org