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How Severe Is Venezuela’s Crisis? | The Nation

By Gabriel Hetland

According to The New York Times, Venezuela is “a country that is in a state of total collapse,” with shuttered government offices, widespread hunger, and failing hospitals that resemble “hell on earth.” There is reportedly “often little traffic in Caracas simply because so few people, either for lack of money or work, are going out.” The Washington Post, which has repeatedly called for foreign intervention against Venezuela, describes the country using similar, at times identical, language of “collapse,” “catastrophe,” “complete disaster,” and “failed state.” A recent Post article describes a “McDonald’s, empty of customers because runaway inflation means a Happy Meal costs nearly a third of an average monthly wage.” NPR reports “Venezuela is Running Out of Beer Amid Severe Economic Crisis”. When Coca-Cola announced plans to halt production due to a lack of sugar, Forbes dubbed Venezuela “the Country With No Coke.” The Wall Street Journal reports on fears that people will “die of hunger.”

Is Venezuela descending into a nightmarish scenario, as these stories suggest? To answer this question I’ve spent the last three weeks talking to dozens of people—rich and poor, Chavista and opposition, urban and rural—across Venezuela. My investigation leaves little doubt that Venezuela is in the midst of a severe crisis, characterized by triple-digit inflation, scarcities of basic goods, widespread changes in food-consumption patterns, and mounting social and political discontent. Yet mainstream media have consistently misrepresented and significantly exaggerated the severity of the crisis. It’s real and should by no means be minimized, but Venezuela is not in a state of cataclysmic collapse.

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