What do the common people think should be done to fix the situation? Or, are they too busy trying to get enough to live on to think about that?
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What do the common people think should be done to fix the situation? Or, are they too busy trying to get enough to live on to think about that?
People respond by buying dollars, or buying objects that in the future can increase their value.
That, speaking of people with high incomes, owners of some company
the people of middle / lower class really live hard trying to get trough the month
So they are basically all scalpers, but then with food instead of luxury products.
That's really sad.
It really is difficult to answer, some do not have the education to understand how it could be arranged, others do not have the time. I'm really not afraid to answer that question, I think the main thing would be to change the government and the people involved in it, for a better management beneficial to the people. Another solution that comes to my mind would dollarize the currency, as Ecuador did.
Maduro the leader of the country is the world’s newest dictator. The people were behind his very charismatic predecessor Chavez and have supported him for a while. It has been proven many times that communism does not work, price controls do not work and stealing from the rich to give to the poor only works until you run out of rich people. Well, now they are reaping what they sowed.
When you are in a hole the first thing you need to do is to stop digging; however when a corrupt politicians control the country and have done many bad things they cannot relinquish power without facing potential prosecution; this means they do everything to stay in power and they are both smart, devious and corrupt. They have surrounded themselves with people who support them. They have out maneuvered the competition many times all while blaming the problems on outsiders. Everyone that opposes them has been eliminated from power.
Ironically, the USA does not need to do much, as laws of economics will naturally cause certain things to happen. We know that it does not matter if you believe in gravity, when you step in a hole gravity still sorta sucks you down. Well, economically, manipulating prices will lead to shortages and non-optimal economic distribution. You have children literally starving while a country subsides, the price of Gasoline at incredibly low prices (<$0.10 USD a gallon?).
Government planners are not smarter than the free market. Ultimately, economics has determined the free market is the best way to decide use of goods, but this does not please the powers that be. They can fight with gravity for a long as they want, it will not change anything.
What is the best thing that could happen? The government needs to get rid of all price controls and get out of the way. The free market will solve the problems. Some have predicted this would only happen with a government default or change in government and they may be right. International agencies -if permitted- would supply some interim humanitarian assistance, but this has not been accepted because of pride. Venezuela would begin to bounce back immediately. It took years to get here, so it will take year to get out; but they have the people, resources and ability to pull out quickly. While Veneuzula’s communism road started about 20 years ago, it really only got bad about 2 years ago. Unfortunately, the changes that are needed may not be real likely to happen. We see where Cuba is today after 50+ years of communism. Venezuela is striving to become like Cuba and they are succeeding. I think Cambodia may be a more realistic model for Venezuela. Cambodia a country that never starved, tried communism and then killed one quarter of the population. It got really bad. Venezuela has a long militant history so war is not out of the question either. Neighboring Columbia just came out of a 20 year fight with rebels.
In fact, if you just look at the murder rate in Venezuela (~30,000 people a year) is double (maybe three times) what it should be (compared to historical or similar countries). This means the crisis is killing 15,000 people a year or 42 a day. The murder rate in Venezuela is about 10 times that of the USA. Yeah, it is bad. Really sad to see.
I hate to see people suffer, but people also reap what they sew. America has fetish with communism and so many people –in Hollywood and elsewhere- think it is cool. Communism is not cool. It hurts people. It doesn’t work. Never has. Never will. But that does not mean people won’t keep trying to play God rather than serve God. And that just does not work so well for countries as history has shown time and time again.
Glad to see you are getting some readership and money on these posts. No doubt you and people in your country need it! Maybe you can introduce steemit to all your friends in school.
On second thoughts, that question (fixing the situation) is perhaps too dangerous to answer. Firstly stay safe. Maybe you can talk more about how people are responding as the local currency is failing. What are they trading instead?