Venezuela crisis deepening Watch

Rock Fan
  • TSR Support Team
Badges: 20
Rep:
?
#1
Report Thread starter 2 years ago
#1
Real problems in Venezuela with their economy collapsing and a big food shortage, there is even cases of people killing zoo animals to get food, what do you make of it all?

http://edition.cnn.com/2016/08/05/op...inion-vivanco/

http://www.miamiherald.com/news/nati...e93889342.html

http://www.ibtimes.co.uk/animals-lef...a-zoos-1572941
1
reply
jgjog3
Badges: 2
Rep:
?
#2
Report 2 years ago
#2
Horrible situation to watch.
I thought venezuela had rainforest and agricultural field.
What's even more mind boggling is all these aid agencies go to the most remote places on earth to feed people, where are they in Venezuela?
I just seen a news report of *local* aid in the country who would only give food to people who supported and voted for the socialist party.

what do you make of it?
2
reply
Pulse.
Badges: 18
Rep:
?
#3
Report 2 years ago
#3
It's only going to get remarkably worser before it gets better for Venezuela.

Posted from TSR Mobile
1
reply
JohanGRK
Badges: 20
Rep:
?
#4
Report 2 years ago
#4
Another victory for central planning and state control over key industries.

But I'm sure the West is to blame for installing a useless govt and lowering oil pric- oh wait.
1
reply
The_Opinion
Badges: 6
Rep:
?
#5
Report 2 years ago
#5
Ahhhhh Socialism, working again
3
reply
remiremi
Badges: 3
Rep:
?
#6
Report 2 years ago
#6
One of my best mates still lives in a wealthy suburb in Caracas

Even he who is decently paid and middle class; has to deal with random power blackouts and can't walk out alone at night. Some days at the supermarket the only thing he can buy is fruit...

Literally sometimes the shelves are empty and you can't buy certain foods, he snapchatted me a rather large bag of oranges the other week (it was the only thing he could buy at the local store).
0
reply
Alex from almanis
Badges: 1
Rep:
?
#7
Report 2 years ago
#7
It's a terrible crisis. About a 50-50 chance they will default as well: https://app.almanis.com/#/outcomes/380
Might be better to default and try to reset. Apparently the government has blocked some aid from coming into the country which is pretty terrible if true: http://fusion.net/story/308479/venez...-gets-crazier/
0
reply
KimKallstrom
Badges: 14
Rep:
?
#8
Report 2 years ago
#8
(Original post by remiremi)
One of my best mates still lives in a wealthy suburb in Caracas

Even he who is decently paid and middle class; has to deal with random power blackouts and can't walk out alone at night. Some days at the supermarket the only thing he can buy is fruit...

Literally sometimes the shelves are empty and you can't buy certain foods, he snapchatted me a rather large bag of oranges the other week (it was the only thing he could buy at the local store).
I also have a middle-class Venezuelan mate but he left a few years ago as the government made the country even more crap than it was already.*
0
reply
KimKallstrom
Badges: 14
Rep:
?
#9
Report 2 years ago
#9
(Original post by JohnGreek)
Another victory for central planning and state control over key industries.

But I'm sure the West is to blame for installing a useless govt and lowering oil pric- oh wait.
With their wealth in natural resources, Venezuela ought to be richer than Dubai and Qatar. But since they instead decided to implement probably the most retarded policies known to man, they now are in a perpetual state of economic chaos. And this was the regime Corbyn, Abbott et all lauded as being the true way. I'm not even joking, both of them are on record as saying we should be like them. I know some people (including them probably) who will blame Venezuela's woes on us and America anyway instead of their dumb policies that everyone with common sense knew would lead to this but hey ho.......
4
reply
chemting
Badges: 16
Rep:
?
#10
Report 2 years ago
#10
http://data.worldbank.org/indicator/...igh_desc=false
(Venezuela ranked 184)

http://www.transparency.org/cpi2015#results-table
(Venezuela ranked 158)


oShahpo, remember you were asking why Venezuela aren't richer than Saudi Arabia... it turns out, there are worse (and more corrupt) countries than KSA
0
reply
caravaggio2
Badges: 12
Rep:
?
#11
Report 2 years ago
#11
(Original post by The_Opinion)
Ahhhhh Socialism, working again
Yeh but, no but, yeh but, no but!
0
reply
Dez
Badges: 20
Rep:
?
#12
Report 2 years ago
#12
(Original post by jgjog3)
I thought venezuela had rainforest and agricultural field.
The problem is that Venezuela just doesn't have the infrastructure or experienced workforce to actually produce food any more. They've been importing produce (and plenty of other things, like medicine) for years now, relying on oil exports to cover the cost. This was economically viable, for a time, but by putting all their eggs in one basket they've been utterly screwed over by the falling oil prices.

Now with the constant decline, even if Venezuela wanted to, it's in no fit position to be starting up new industries to try and stimulate the economy and either create new exports or build local industries. It's well and truly a mess.

Then of course, there's the old elephant in the room: massive corruption of the establishment. Again, this has been going on for decades, and now it's come to bite the entire country in the bum. Government officials will likely continue to bleed the economy dry before making out like a bandit when it all finally collapses.
2
reply
Juichiro
Badges: 18
Rep:
?
#13
Report 2 years ago
#13
(Original post by Pulse.)
It's only going to get remarkably worser before it gets better for Venezuela.

Posted from TSR Mobile
1
reply
Pulse.
Badges: 18
Rep:
?
#14
Report 2 years ago
#14
(Original post by Juichiro)
lol I made the same mistake yesterday but in spoken word and was corrected. What are the chances.
0
reply
JamesN88
Badges: 20
Rep:
?
#15
Report 2 years ago
#15
Anyone with a brain knows that decreasing your own agricultural capabilities and relying on food imports linked to oil prices is a disaster waiting to happen.

Like Zimbabwe they should be a wealthy country but the rulers blame "Imperialism" for their own stupidity.
1
reply
oShahpo
Badges: 20
Rep:
?
#16
Report 2 years ago
#16
(Original post by chemting)
http://data.worldbank.org/indicator/...igh_desc=false
(Venezuela ranked 184)

http://www.transparency.org/cpi2015#results-table
(Venezuela ranked 158)


oShahpo, remember you were asking why Venezuela aren't richer than Saudi Arabia... it turns out, there are worse (and more corrupt) countries than KSA
Maybe theocracies aren't that bad after all :P
0
reply
chemting
Badges: 16
Rep:
?
#17
Report 2 years ago
#17
(Original post by oShahpo)
Maybe theocracies aren't that bad after all :P
well... there is Afghanistan, and Mauritania, and Iran, and Pakistan...
0
reply
FadedFlower
Badges: 1
Rep:
?
#18
Report 2 years ago
#18
(Original post by Dez)
The problem is that Venezuela just doesn't have the infrastructure or experienced workforce to actually produce food any more. They've been importing produce (and plenty of other things, like medicine) for years now, relying on oil exports to cover the cost. This was economically viable, for a time, but by putting all their eggs in one basket they've been utterly screwed over by the falling oil prices.

Now with the constant decline, even if Venezuela wanted to, it's in no fit position to be starting up new industries to try and stimulate the economy and either create new exports or build local industries. It's well and truly a mess.

Then of course, there's the old elephant in the room: massive corruption of the establishment. Again, this has been going on for decades, and now it's come to bite the entire country in the bum. Government officials will likely continue to bleed the economy dry before making out like a bandit when it all finally collapses.
Why ain't we sending them food?
0
reply
Dez
Badges: 20
Rep:
?
#19
Report 2 years ago
#19
(Original post by FadedFlower)
Why ain't we sending them food?
There are plenty of places around the world that need aid more than Venezuela does. Also, another poster mentioned that the government may have been blocking aid from coming in. Not sure if that's actually the case or not though.
0
reply
Juichiro
Badges: 18
Rep:
?
#20
Report 2 years ago
#20
(Original post by Dez)
There are plenty of places around the world that need aid more than Venezuela does. Also, another poster mentioned that the government may have been blocking aid from coming in. Not sure if that's actually the case or not though.
What do you base that on?
0
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise

Where do you need more help?

Which Uni should I go to? (160)
18.48%
How successful will I become if I take my planned subjects? (86)
9.93%
How happy will I be if I take this career? (145)
16.74%
How do I achieve my dream Uni placement? (124)
14.32%
What should I study to achieve my dream career? (84)
9.7%
How can I be the best version of myself? (267)
30.83%

Watched Threads

View All