Boiling Point: The Venezuelan Oil Crisis
Boiling Point: The Venezuelan Oil Crisis J.M. Rogers ... The current crisis in Venezuela is not an unfamiliar scene. Countries in social and political disarray are scattered throughout the world, all of them caught in the downward spiral of their sinking economies. Some of those countries will be able to stabilize before the citizenry is completely consumed by the vortex of poverty. Some of those countries will have friends who can bail them out when they are in a pinch. But, some of those countries will sink without good fortune or the help of allies. Plagued by astronomical inflation, rising crime rates, civil unrest over the political establishment, and a one-dimensional economy; Venezuela is staring into the abyss and has been since 1999. The cause of this strife is ironic, and sadly so, as poverty is born not only from an excessive wealth of one of the most valuable resources in the world but also from a leader’s misguided attempt to curb poverty through the inconsistent ...