Sunday, October 30, 2016

The Sorry State of Venezuela

Venezuela has been in and out of the news lately. A country which has supposedly the world’s largest oil reserves is in such a dire strait that people have no hope left in and whoever can is trying to migrate. According to news reports they have the highest inflation rate in the world with food supplies shrinking and crime is at the highest level in the world. It is just in a sorry state of affairs that a news report has said that they have the highest infant mortality rate in the world even higher than Syria which is in the midst of a brutal civil war. Medicines are in short supply and so does every other essential thing there is. Since it imports everything from outside, the currency reserves have dwindled to such an extent that they can’t import anything. Even the state oil company does not have the funds to fix its infrastructure and ramp up its production. Right now there seems to be no solution in sight as people are just protesting against the government but it seems like everybody for himself situation. The opposition is in disarray and does not have the strength to mount a challenge to the government. Corruption is rampant and it seems that nobody from outside the country has the courage or the interest to intervene in its affairs and it seems that people of Venezuela would have to sort this mess out by themselves either through negotiations or through violent means.

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