Sorry, but you’re totally uninformed. Venezuela has 20thousands murders
s a year, an inflation of ~20%, right now the wage of the college teachers is around the minimum wage, toilette paper shortage, corn flour, butter, milk, constant blackouts, cement and so on.
The only thing that went up in venezuela is consumism that was fuelled by the overvalued currency supported by the oil prices, this helped to slowly kill national industries as it’s cheaper to export (if you find enough official dollars, that is), the dollars control almost everytime leads to one of this:
1. the lack of it leads business to buy dollars in the black market to reach demand increasing the price of the products leading to inflation.
2. business cannot reach demand due to lack of dollars and this in itself makes the prices to rise.
Even though venezuela is one of the “richest” countries of the world, we cannot keep up in term of poverty reduction with the other countries on the region. If we keep the economical measures we have been following for a few years I’m sure we will reach hyperinflation just as brazil once did.
