Sem categoria - 31 de agosto de 2020

venezuela collapse

From the peaks of the Andes to Venezuela’s sweltering southern savannahs, the collapse of basic services including power, telephone and internet has left many towns struggling to survive. Most of his community’s diet now consists of wild fruits, fried corn pastries and bone broth, residents said.Farther from the state capital, conditions are worse.Toas Island, once a touristic idyll of about 12,000 residents spread over fishing hamlets, has been largely abandoned.“There’s no local, regional or national government here,” said José Espina, a motorbike taxi driver there. The bolivar has lost 99% of its value since Maduro took office in 2013. He now collects wild plums to sell for a few cents in the city’s parks. Ultimately, this meant the collapse of the state. In April, one kilo (2.2 pounds) of beans was worth the equivalent of $3.00. It’s more than a blockade, it’s persecution.”Shortages have sunk much of the population in a deepening humanitarian crisis, though a core group of military top brass and high-level officials who remain loyal to Mr. Maduro are able to tap into the remaining resources to survive — or Venezuela has the world’s largest proven oil reserves. “Money doesn’t buy anything so it’s better for people to bring food so we can give them fish,” he said, while cleaning bonefish, known for abundant bones and limited commercial value. I don’t have enough (money) to buy a shirt or a pair of shorts,” said a fisherman in Patanemo who identified himself only as Luis. When the markets decided that Venezuela’s debt was too big, they stopped lending, and the price of oil collapsed. Butchers have stopped selling meat cuts in favor of offal, fat shavings and cow hooves, the only animal protein many of their customers can afford.MARACAIBO, Venezuela — Zimbabwe’s collapse under Robert Mugabe. But the state’s presence is melting in the hinterlands, an absence that has been particularly glaring in Zulia, Venezuela’s most populous state.Its capital, Maracaibo, was once Venezuela’s oil powerhouse. “The fish that we catch is to exchange or give away,” said Yofran Arias, one of 15 fishermen who have grown accustomed to a rustic existence even though they live a 15-minute drive from Venezuela’s main port of Puerto Cabello.

The subsistence economy stands in stark contrast to the oil boom years when abundance seeped into the most remote reaches of what was once Latin America’s richest nation. That explains why the shortage of foreign exchange is so severe. “Based on the cost of the product, we agree with the customer on the kilos or number of bags of coffee that they have to pay,” said hardware store manager Haideliz Linares.

Residents of the coffee-growing region now exchange roasted beans for anything from haircuts to spare parts for agricultural machinery. The fall of the Soviet Union. But its oil output, once Latin America’s largest, has fallen faster in the past year than Iraq’s after the American invasion in 2003, according to data from the Organization of Petroleum Exporting Countries.Venezuela has lost a tenth of its population in the past two years as people fled, even Venezuela’s hyperinflation, expected to reach 10 million percent this year according to the I.M.F., is on track to become the longest period of runaway price rises since that in the Democratic Republic of Congo in the 1990s.“This is essentially a total collapse in consumption,” said Sergi Lanau, deputy chief economist at the Institute of International Finance, a financial trade association.The institute estimates that the drop in Venezuela’s economic output under Mr. Maduro has undergone the steepest decline by any country not at war since at least 1975.By year’s end, Venezuela’s gross domestic product will have shrunk by 62 percent since the beginning of the recession in 2013, which coincided with Mr. Maduro coming to power, according to the finance institute’s estimates. The boat that provided regular service to the mainland broke down last month. With bank notes made useless by hyperinflation, and no easy access to the debit card terminals widely used to conduct transactions in urban areas, residents of Patanemo rely mainly on barter. “This will be a touchstone of disastrous policies for decades to come.”To find similar levels of economic devastation, economists at the I.M.F. About the only thing Venezuela has in abundance is chaos. In the mountains of the central state of Lara, residents of the town of Guarico this year found a different way of paying bills - coffee beans. The last person to be hospitalized died in agony a day later without treatment for her kidney disease, doctors at the hospital said.As Toas hospital’s beds stand empty, 2-year-old Anailin Nava is wasting away in a nearby hut from malnutrition and treatable muscular paralysis.

“I tell the guys that I’m swapping passion fruit for something else, they spread the word and someone always comes,” said the 55-year-old woman. In El Tocuyo, another town in Lara state, three 100 kilo sacks of coffee buy 200 liters (53 gallons) of gasoline, which is in increasingly short supply in the OPEC nation due to chronic operational problems at state oil company PDVSA. Her mother, Maibeli Nava, does not have money to take her to Colombia for treatment, she said.The four stone quarries that are the island’s only industry have been idle since robbers stole all power cables connecting them to the grid last year.

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