As Venezuela crumbles, the regime digs in
Nicolás Maduro draws the wrong conclusions from the economic crisis
EVERY weekday morning, a queue of several dozen forlorn people forms outside the dingy headquarters of SAIME, Venezuela’s passport agency. As shortages and violence have made life in the country less bearable, more people are applying for passports so they can go somewhere else. Most will be turned away. The government ran out of plastic for laminating new passports in September. “I’ve just been told I might need to wait eight months!” says Martín, a frustrated applicant. A $250 bribe would shorten the wait.
As desperation rises, so does the intransigence of Venezuela’s “Bolivarian” regime, whose policies have ruined the economy and sabotaged democracy. The economy shrank by 18.6% last year, according to an estimate by the central bank, leaked this month to Reuters, a news agency (see chart). Inflation was 800%.
This article appeared in the The Americas section of the print edition under the headline "Maduro’s dance of disaster"
More from The Americas
Why Ecuador risked global condemnation to storm Mexico’s embassy
Jorge Glas, who had claimed asylum from Mexico, is accused of abetting drug networks
The world’s insatiable appetite for Canada’s maple syrup
Production is booming, but climate change is making output more erratic
Elon Musk is feuding with Brazil’s powerful Supreme Court
The court has become the de facto regulator of social media in the country