Home
/
RELIGION & LIBERTY ONLINE
/
In the wake of socialism, Venezuela’s black-market capitalists meet community needs
In the wake of socialism, Venezuela’s black-market capitalists meet community needs
Oct 10, 2024 5:31 AM

The Venezuelan people continue to struggle and sufferunder the weight of severe socialist policies—facing increased poverty and hunger, swelling suicide rates, and widespread social unrest.

Yet even as its president admits to anationwide economic emergency, the government continues to celebrate the very drivers behind the collapse,blaminglow oil prices and “global capitalism,” instead.

Meanwhile, amid the turmoil and desperation, Venezuela’s localcapitalism is beginning to emerge as a solution to the woes of socialism. According to Patricia Laya at Bloomberg, the country is seeing a renewed movement of ground-up creativity and experimentation geared toward rebuilding after the destruction of top-down control and mismanagement.

“Hyperinflation and scarcity have the Bolivarian revolution’s socialist heart pulsing with entrepreneurship,” writes Laya. “Desperate citizens are eking out a living with ventures such as digging home water wells, bartering bananas for haircuts and muters in animal-cargo trucks. Theeconomy’s erosion has created markets and market players where none existed.”

Laya highlights several of the country’s burgeoning black-market entrepreneurs, many of whom repair or restore broken or used goods and resell them for a profit. Although the government hoped to snuff out independent industry, the effect is quite opposite. As economist Omar Zambrano explains in the article, “This Draconian effort to expand the state’s influence over any and every circle of life and business has created a black market for everything it touches.”

For Yessica Vaamonde and her husband, Jose Ramirez, an opportunity was found in repairing damaged light bulbs. Vaamonde now spends her days walking through the slums of Caracas collecting bulbs and bringing them back to her husband, who repairs up to 50 per day and turns them for a profit. “I had to improvise in this crisis,” says Ramirez. “Many people today have to pick food over buying things like lightbulbs. I do things well, and I help them afford a good product that will last.”

For Yhoan Guerrero, the economic collapse meant leaving his job as a paramedic to repair tires, which paid much better. But more than the money, much like Vaamonde and Ramirez, Guerrero is finding new meaning and purpose in developing a new solution to munity problem. He’s meeting real human needs with his own initiative, creativity, and capacity:

Noticing the rising price of car tires, the father of one learned to sew, patch, fill and shape busted tires and now makes almost four times as much. He calls the process plete tire surgery.”

“We save people around here,” said Guerrero, his hands darkened with grease and rubber, while using his weight to pry a tire from its rim. “With the country being how it is, no one can afford a new tire. I’ve built a loyal clientele in the past seven months. They want no one else touching their tires.”

…Often people e in begging for a cheap fix, he said. In those cases, he’ll fill their tires with plastic foam and melt it with gasoline; other times he’ll use sawdust and liquid soap. “It gets them moving again.”

Far from being crushed by the decades-long abuses of an oppressive socialist regime, Venezuela’s emerging entrepreneurs are demonstrating the real solution to economic scarcity and social desperation: human ingenuity creativity freely expressed in the service of others.

In doing so, these entrepreneurs remind us, yet again, of the inherent, God-given dignity and creative capacity of the human person. These are features that exist and endure, not fading or deteriorating according to the economic, social, and political dysfunction that surrounds us.

No matter how much our governments and economic institutions may fail, those basic human attributes and gifts remain, and the human calling to create and serve will eventually reawaken and renew.

“Most Venezuelans didn’t have to struggle to make it because they lived off of oil for a very long time,” says historian Tomas Straka, a professor at Andres Bello Catholic University in Caracas. “We’re seeing a new phenomenon under the worst of circumstances.”

Read the full article here.

Image: Venezuela man selling razors, 12019(CC0)

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Is de Blasio The New Left?
Peter Beinart at the Daily Beast writes a fascinating article about the way the “left” is currently being reshaped. It seems that young adults in the Democratic Party are far more radical than what America saw in the Clinton White House. In fact, as the article notes, Bill de Blasio’s Democratic Party nomination to run for New York City mayor is a signal of this new direction. If those who love liberty are not paying attention to this shift, they...
Friday Night Videos 9.13.13
Giving (Via: Neatorama) What Surfing Can Teach You about Ownership (Via: Values & Capitalism) John Piper on the Prosperity Gospel (Via: Justin Taylor) ...
Why Has the Economic Recovery Bypassed Young People?
In his latest column, Tyler Cowen points out that whatever economic recovery we’ve experienced has “largely bypassed young people,” arguing that such a development is bound to have an impact for years e: For Americans aged 16 to 24 who aren’t enrolled in school, the employmentpicture is grim. Only36 percent are working full time, down 10 percentage points from 2007. Longer term, the overall labor-force participation rate for that age group has dropped 20 percentage points for men and 14...
Was the Sequester ‘Expansionary Austerity’?
Remember the “fiscal cliff”? It wasn’t a cliff. Over at Neighborhood Effects, James Broughel asks the question, “Has the Sequester Hurt the Economy?” So have the sequester cuts hurt the economy? One possible es from a new paper by Scott Sumner of Bentley University. Sumner argues that cuts to government spending don’t have serious deleterious macroeconomic effects when the Federal Reserve is targeting inflation. This is because the Fed ensures that prices stay stable under an inflation targeting regime, which...
Piper: ‘Work Is a Glorious Thing’
At Desiring God, John Piper explains how both the act and product of work are blessings, and that the God-designed essence of work is creativity — “not aimless, random doing, but creative, productive doing.” In addition to avoiding the hump of idleness, this means being ever diligent, discerning, obedient, and energetic in the work of our hands: When the book of Proverbs tells us to go to the ant and learn how to work hard and work smart (Proverbs 6:6–11),...
HBCU Funding: A Tale of Executive Orders
One of the things I never learned in my U.S. government courses in high school was just how quickly government agencies and programs grow without undergoing Congressional vetting. For example, I recently discovered that there exists a federally-funded White House Initiative on Historically Black Colleges and Universities (HBCU). When did that happen? How did that happen? In fact, a few days ago, the White House announced changes in the leadership of this initiative. President Obama names two dynamic new leaders...
Are Elite Southern College Football Programs Cashing in on Katrina Aid?
At least $8 million will be allocated to fund a new parking garage near David Wade Stadium at Mississippi State University. MSU, which is in Starkville, Miss. and far from the Gulf Coast, is 250 miles from Hurricane Katrina’s landfall. Jeff Amy of the Associated Press has more, Part of a hotel-convention plex planned around a former cotton mill, it’s blocks from Mississippi State’s football stadium. That’s not unlike the condominiums built for University of Alabama football fans in Tuscaloosa...
Poland Attempts To Reduce National Debt By Dipping Into Pension Funds
Poland’s prime minister, Donald Tusk, announced Wednesday that the government would attempt to cut government debt by taking money from its citizens’ private pension funds. Poland currently has a two-fold pension system: mandatory contributions are made to the state pension fund and then to private funds. It is the state funds, known as ZUS, that the Polish government plans to “transfer” money from. According to Reuters: …Prime Minister Donald Tusk said private funds within the state-guaranteed system would have their...
Pope Francis’ Cardinal-shaming Mini-popemobile
A couple of months ago I teased Pope Francis engaging in a “war on the Vatican’s luxury cars” while driving one of the greatest luxury cars of all time — the Popemobile. Although he probably won’t be able to give up his 160 mph, armor-plated, bullet-proof sedia gestatoria anytime soon, he’s make a bold, symbolic point with the latest addition to his fleet: a 1984 Renault 4. Vatican spokesman, the Rev. Ciro Benedettini, says Francis accepted the 1984 Renault 4,...
Support for Obamacare Dwindling
Obamacare, the popular name for the Affordable Health Care Act, continues to find opposition from both individuals and states. The act is scheduled to take effect on October 1, 2013 for most of the country, but a USA Today/Pew Research poll finds that 53 percent of Americans polled oppose Obamacare. The numbers are even lower when one accounts for political parties. Overall, just 13% of Republicans and Republican-leaning independents approve of the law while 85% disapprove. Fewer than half of...
Related Classification
Copyright 2023-2024 - www.mreligion.com All Rights Reserved