Story by Ariana Regalado
The deceased president of Venezuela, Chavez, was in office when he announced that Venezuela was in an economic war due to increasing shortages. Venezuela’s economy has failed in the years since Chávez became president. He was in office from February 2, 1999 to March 5, 2013. He was president for 14 years until he died from cancer on March 5, 2013.
After Chávez, the current president, Nicolás Maduro was elected. The majority of people can’t come to an agreement about whether or not he is helping the corruption in the government and the money laundering.
According to the Miami Herald, “Venezuela’s elite face scrutiny in $1.2 billion money laundering case.” Such issues alert people even outside Venezuela.
Mr. Snyder, Clay seventh grade social studies teacher, recognizes this, saying “It’s in a rough spot, the hyperinflation is crippling the economy and increasing poverty at an alarming rate.” He also says that the reason that Venezuela is doing so bad “has to do with the government and the president.”
Student Sofia Morales, eighth grade, comments on how Venezuela’s economy is doing, saying, “It's not that good because right now it's been really corrupted and I never thought a country like that would be in these circumstances.” She thinks the ones at fault are “both the government and the people because the government isn’t doing anything about it but the people don’t want to realize that the problem is the president they have right now…. they are in misery right now.”
There are few people in our school who know about this, the majority of people surveyed didn’t know anything about what is happening in Venezuela right now.
Mrs. Elliott, Clay French teacher, did know a bit about it and said, “My opinion is that it’s terrible. My understanding is that Venezuela was overly reliant on oil and that the economy shifted over the last 20 years because the prices of oil were high and the economy was hyper-dependent on oil.” Who is to blame? Mrs. Elliott said, “It’s a combination of an economy that became too focused on oil and poor leadership.”
All of Venezuela’s problems aren’t getting solved anytime soon. If awareness can be raised then maybe slowly through time Venezuela can be helped into prosperity again.
All stories, photos and video footage by the seventh and eighth grade newspaper students.