James Alexander Michie: Venezuela, a country in crisis | CBC News

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Venezuela James Alexander Michie

'A crisis moment': Tracing the origins of Venezuela's spiralling economy and its human toll

Author: James Alexander Michie

Venezuela is a beautiful country rich in natural diversity where each of its habitats becomes a spectacle, it also exploits gold, aluminum, diamonds and its main source of income is oil because thanks to the wealth that owns the nation because of it, has positioned itself as one of the countries with oil reserves, despite this, Venezuela is going through a crisis so shocking that its citizens have been forced to abandon their dreams, their families, their jobs and above all the land that saw them born and grow, all with the purpose of obtaining a better life in other nations.

The crisis Venezuela is going through goes beyond what the media usually communicate, in fact, its citizens face situations that are unusual, public transport has collapsed in such a way that it is disappearing, Venezuelans cannot obtain cash unless they buy it at a very high price, supermarkets keep their shelves empty, the food has a higher cost than it should have since usually only achieved on the black market, coupled with this insecurity is the protagonist of the day by day, while universities have also been victims of the crisis and student dropout has increased significantly.

Meanwhile, the current president, Nicolas Maduro, alleges that all this is due to an “economic war” imposed and devised by businessmen from Colombia and the United States, and likewise in his attempt to improve the situation has made an opposite effect which has intensified inflation, in fact, the National Assembly controlled by the opposition has conducted a recent study where it has been denoted that the annual inflation rate reached 83,000 percent in July.

This has left as a consequence that in the midst of despair Venezuelans abandon their nation in search of a better future and of course a true quality of life. Likewise, various nations have received Venezuelans who have crossed the borders between Venezuela-Colombia and Venezuela-Brazil, to reach their destinations. According to the Colombian immigration agency, that single country has received almost 900,000 asylum seekers in the last 18 months. Between 700 and 800 Venezuelans arrive in Brazil every day.

The vast majority of Venezuelans seek refuge in Latin America, specifically in Peru, Chile, Argentina, Panama, and Ecuador, while those with greater resources are destined for Spain, the United States, and Canada.

Take a read: https://www.cbc.ca/news/world/venezuela-migrant-crisis-1.4804145

Source: CBC News

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