NO ADVERTISING, GOVERNMENT OR CORPORATE FUNDING
DONATE TODAY
Incest-porn.me many-vids.net HOT TOPICS ▶ Climate Change     Undoing The New Deal     The Real Baltimore     Reality Asserts Itself     United Kingdom    


  June 2, 2016

Is There an Economic and Political War Against Venezuela?


Floating exchange rate and rising oil prices will go a long way to stabilize the Venezuelan economy, but other economic reforms are also necessary, says CEPR economist Mark Weisbrot
Members don't see ads. If you are a member, and you're seeing this appeal, click here
   



audio

Share to Facebook Share to Twitter



I support the Real News Network because of their bravery, integrity, informative and educational - David Pear
Log in and tell us why you support TRNN


biography

Mark Weisbrot is Co-Director of the Center for Economic and Policy Research in Washington, D.C. He received his Ph.D. in economics from the University of Michigan. He is author of the book Failed: What the "Experts" Got Wrong About the Global Economy (Oxford University Press, 2015), co-author, with Dean Baker, of Social Security: The Phony Crisis (University of Chicago Press, 2000), and has written numerous research papers on economic policy. He writes a column on economic and policy issues that is distributed to over 550 newspapers by the Tribune Content Agency. His opinion pieces have appeared in The Guardian, New York Times, the Washington Post, the Los Angeles Times and most major U.S. newspapers, as well as in Brazil's largest newspaper, Folha de Sao Paulo. He appears regularly on national and local television and radio programs. He is also president of Just Foreign Policy.



The U.S. government is in "full regime change mode" and waging "an economic and political war against Venezuela," says Mark Weisbrot, economist for the Center for Economic and Policy Research.

Weisbrot also says the idea that Venezuela is a threat to U.S. national security is "ridiculous."

Despite oil prices having risen to $50 a barrel, Venezuela is undergoing an economic crisis in part due to an inflation spiral.

The country has "to change it's system of relative prices" and "subsidize the majority of people with low cost food and other essential items directly instead of trying to do it indirectly through the exchange rate. That's the most basic reform they need," says Weisbrot.

He also recommends unifying the exchange rate to eliminate the black market for dollars, which is worsening inflation.

Opposition parties have taken initial steps to recall President Nicholas Maduro.

However, from 2002 to 2013, the country saw "an enormous reduction in poverty and improvement in living standards, and that's why the government still has a base of support," says Weisbrot.


Comments

Our automatic spam filter blocks comments with multiple links and multiple users using the same IP address. Please make thoughtful comments with minimal links using only one user name. If you think your comment has been mistakenly removed please email us at contact@therealnews.com

latest stories

Is Russia a Threat?
Wilkerson: The Trump-Netanyahu Iran Plan Means War
President Ramaphosa: From Militant Revolutionary to Corporate Magnate
Were Baltimore's Corrupt Cops High When They Made Attempted Murder Arrest?
Empire Files: In the Deadliest Country for Unions & Social Leaders
A New 'Cancer Alley' for Appalachia
Colombian Peace Agreement with FARC on the Brink of Collapse
Philippine War on Drugs a Cover for President Duterte's Fascism?
Mother of Woman Shot by Baltimore County Police Speaks Out
South Africa: Criminality and Deep Rot in the ANC Will Continue Under New President Ramaphosa (2/2)
Do Russiagate Skeptics Go Too Far?
The Return of Berlusconi: Can A Fractured Left Defeat Him?
Potomac Pipeline Would Be 'Another Contradiction' From Larry Hogan
Police Union Keeps Audit Secret Despite Allegations of Massive Overtime Fraud
Guns, Toxic Masculinity, and the Alt-Right
Zuma's Catastrophic Presidency Ends in Forced Resignation (1/2)
Brother of Crooked Cop Says He Knows Who Killed Detective Suiter
Israeli Strikes in Egypt Kept Secret for Years
As the Opioid Crisis Deepens, Will Maryland Democrats Vote to Save Lives?
The Free Market Threat to Democracy
Finding a SALT Tax Deduction Workaround
Florida Shooter Is MAGA Hat-Wearing White Supremacist Who Said Mexicans Should Be Killed and Black People Should Be in Chains
Charter School Principal: No Evidence Privatization Is Better For Students
Max Blumenthal in Gaza: Netanyahu Faces Scandal, Palestinians a Crisis
Trump's Infrastructure Fantasy a Gift to His Donors
Netanyahu Could Fall for Corruption, Not War Crimes
Climate Change Costs Insurance Companies Billions, And Price is Rising
Trump's Budget Declares War on Forgotten America
West Virginia Woman Removed From Legislature After Exposing Fossil Fuel Contributions to Lawmakers
Leftist Hopeful's Lead Signals Upheaval for Mexico

TheRealNewsNetwork.com, RealNewsNetwork.com, The Real News Network, Real News Network, The Real News, Real News, Real News For Real People, IWT are trademarks and service marks of Independent World Television inc. "The Real News" is the flagship show of IWT and The Real News Network.

All original content on this site is copyright of The Real News Network. Click here for more

Problems with this site? Please let us know

Web Design, Web Development and Managed Hosting