Normally, we save these “Venezuela on the Web” columns for stuff written in foreign media we want to alert readers to. But now and again something comes out locally we really think you ought to read.

Take this piece by UCAB’s Luis Pedro España in El Estímulo. Discussing the institutional breakdown that’s set off the current hyperinflationary spiral, it airs the kind of dark thoughts we generally keep private, but which the extremes of the crisis threaten to render mainstream. To wit:

Considering what other countries in the region have been through with this issue, and which will surely happen with us, hyperinflation is a kind of cleansing-through-blood, a  learning things the rough way.

It may be that at this stage of decomposition and given the impossibility to dialogue we’re suffering from, the new national consensus we need will come out of an economic shock the likes of which we’ve never seen. Perhaps genteel learning and making changes through the spaces politics opens up, stopped being a real possibility for us a long time ago.

Por lo que ha sido la experiencia de otros países de la región con este tema, y que de seguro ocurrirá con nosotros, la hiperinflación es como un lavatorio de sangre, un aprender por las malas.

Es posible que a las alturas del desajuste que tenemos y de la imposibilidad de diálogo que padecemos, el nuevo acuerdo nacional que necesitamos sea producto de un shock económico que nunca antes habíamos vivido. Quizás ese aprender por las buenas, el hacer los cambios por la vía de la política, desde hace mucho tiempo dejó de ser una posibilidad para nosotros.

It’s an ugly though. But who here hasn’t thought it these last few months?

Oh and, before you go, could you take a minute to tell us what you like of these kinds of posts that mostly just link to outside content we like?

[yop_poll id=”6″]

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  1. It is bad enough that venny newspapers too often skipped math class (eg “wages dropped 150%”), but it is disappointing to see that they may have skipped spanish class as well (“empobrecimiento de el país”.) Unless they are talking about bankrupting the newspaper called “El Pais”, that is sloppy and confidence-sapping.

  2. A few things I like about CC
    – it’s not sensationalist, so when I think “something’s happening” I can come here to see if it’s really happening, or is just smoke and mirrors
    – it has an international flavor (I’m not going to use that “cosmopolitan” word)
    – a variety of authors, so it’s not stuck on “my view of things … the same view of things … and again my view of things”
    – I like the pictures!
    – probably a lot of other things I haven’t noticed I like yet

  3. “last few months.”???

    I have been painfully aware of this for the last few years, recognizing that every month that goes by without a change in the economic model makes the correction that much longer and that much more painful. I have been one of the ones arguing for more urgent action exactly because I am aware of how many more people will die in the process!

    This is not a mere genteel debate among academics. This is not about enduring inconveniences. This is about real lives and real deaths!

  4. I agree with Roy. What’s to stop it from becoming unimaginably bad, then worse, then worse, then worse again? Famines aren’t pretty, you know.

  5. Death by starvation/lack of medicines certainly can be cleansing, so long as it doesn’t happen to me! On the other hand, Luis Pedro Espana’s periodic socio-economic studies are, in my opinion, essential to understanding Venezuela’s problems.

  6. Francisco: These type of post are not only helpful but necessary. Usually the outside reader gets a filtered copy of what is happening through the lens of the blogger or newsperson. Our problems are so huge they are difficult to explain and comprehend by anyone outside. Being exposed to the original source gives credibility. Thanks for your continuous effort to expose the reality.


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