RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: More 'Joys of Socialism': Venezuelans' long waits yield soap, and intelligence agents Mon Feb 23, 2015 1:29 am | |
| With long, everyday waits in line to buy milk or toilet paper, Venezuela's economic crisis is proving ever more painful, as President Nicolas Maduro's socialist government struggles with the inflation-wracked, collapsing economy.
"This country never was like this. Before, we had the freedom to buy, invest, to grow," said a man who only gave his first name Hernando, perched on a lawn chair to soften the hours-long wait expected outside a Caracas market.
Venezuela sits atop the world's largest oil reserves, and is an OPEC member state. But Caracas's long dependence on oil to fund its budget -- and long delay in diversification -- has been rocked by sliding oil prices.
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