Nicolas Maduro

On Sunday's Last Week Tonight, HBO's John Oliver blamed oil prices for the current chaos in Venezuela: "What is wrong with Venezuela? Well, the short answer is everything. The low price of oil, which accounts for 96 percent of Venezuela's exports, has triggered an economic collapse — causing massive inflation and shortages of food and medicine." While Oliver rightly mocked Venezuelan President…

Venezuela's hyperinflationary economic crisis has gotten worse in one very important and apparently unprecedented sense than even the one seen in Weimar Germany in the 1920s. Yet the Associated Press and the New York Times apparently have no interest in telling their readers, listeners or viewers about it. In the post-World War I German Weimar Republic, the situation became so out of control…

If form holds, the Democratic Party's presidential candidates in the U.S. will continue to spout various forms of socialism and class warfare as the answers to this nation's woes in hopes of buying enough "free stuff" votes to hang on to the White House. Venezuela's apparent imminent economic collapse poses a problem for this strategy. The country's problems are the direct result of 15 years of…

On Thursday, Venezuela's Supreme Court decided to grant Bolivarian socialist "President" Nicolas Maduro what an unbylined Associated Press report described as "broad decree powers" to deal with the economic crisis and humanitarian nightmare he and his predecessor Hugo Chavez created. Maduro's government now for all practical purposes has total control of that nation's economy, which in the…

In trying to explain the current situation in Venezuela, the Washington Post's Matt O'Brien, in a post at the paper's Wonkblog, also inadvertently identified two reasons why authoritarian socialist tyrants like Huge Chavez and Nicolas Maduro are able to achieve and retain power. The formula is simple: When you first gain power, garner international and media goodwill by giving stuff away, like…

When the Associated Press issues a brief unbylined report on an obviously important matter, one's first instinct should always be to ask: "What are they deciding not to tell us?" More often than not, the answer is "Plenty." An example justifying the need to look further appeared this morning when the wire service published a five-paragraph report on inflation in Venezuela's economy:

On the eve of the National Assembly elections of Venezuela in which many observers expect voters to express their extreme dissatisfaction with the the Socialist policies of the ruling Chavistas which have completely ruined the economy of that oil rich nation, The Guardian of the UK has found a villain. A wealthy elite living in a state of priveleged luxury. A normal person would expect the…

Venezuela's Nicolas Maduro presides over a country which is falling apart thanks to the socialist policies of his government and that of his predecessor Hugo Chavez. The Economist describes the period since Chavez took over in 1998 as that of "authoritarian misrule" characterized by "by shortages of everything from poultry to pharmaceuticals, by inflation approaching 200% and by rampant…

As Venezuela's Chavista economy under Nicolas Maduro continues to crumble, the Associated Press and others in the media to describe its problems as if they came out of nowhere instead of originating with its statist, oppressive government. Examples follow the jump.

A Reuters report published late Saturday evening ("Obama meets Venezuela's Maduro at time of high tensions") is astonishing for what it ignores. The unbylined report from Panama City opens by referring to how "the United States recently placed sanctions on Venezuela." Indeed, President Barack Obama did just that in an executive order on March 9, stating that he was "declaring a national…

Three results returned in a search at the Associated Press's national site on "Venezuela" tell us almost nothing about that country's deepening economic crisis. An unbylined January 10 item reports on the visit of Nicolas Maduro, the country's de facto dictator, to Iran in hopes of "stabilizing" (i.e., raising) oil prices. A second unbylined report on January 9 tells readers that there's really…

The broadcast networks may not want to give credit to hydraulic fracturing for increasing U.S. oil production and lowering global oil prices, but at least one angry world leader did just that. Venezuelan President Nicolas Maduro complained that fracking in the U.S. has “flooded” the world market and contributed to lower oil prices, a connection that broadcast networks’ evening news reports…

It's amazing how any reporter can cover the deepening economic crisis in Venezuela without saying a word about how the country got there. But Associated Press reporter Hannah Dreier was up to the task. In a bizarre, sickening November 20 report on how its people are having to get "creative" in the face of chronic shortages of basic goods to get by, she acted as if those shortages — and the over…

On April 1 for its April 2 print edition, the New York Times allowed Venezuelan dictator Nicolas Maduro to hold forth in an op-ed about how wondrously the country has been ruled since 1998, mostly by the late Bolivarian thug Hugo Chavez and during the past year by himself. Maduro's piece made the Times's print edition. The Times posted letters objecting to Maduro's characterizations of his…