Thread: Venezuela food crisis, why is it under the radar?

Most of South America gets very little press here. Venezuela is in a very serious economic crisis - they have essentially only one product - oil, and import almost everything else, most critically, including most food. The price of oil has halved in the last couple of years, but the response of the government to this has been hyperinflation plus price controls - with the mandated selling price of food well below the cost of importing it, needless to say there is a food shortage.

In the last few days the army has started to carry out countrywide 'exercises', that look very like preparing for a military coup. The parliament is trying to remove the president, and the president is trying to dispense with parliament.

John