Political uncertainty continues Venezuela

24 years ago on this day scores of Venezuelans descended from the hillside slums of Caracas , burning cars and looting to protest a hike in gasoline prices, the last straw in a series of austerity measures. What followed was the worst massacre in Venezuelan history. While many believe today's situation is very different, some citizens concede that this month's sharp devaluation of Venezuela's currency is bad news. Prices have been going up steadily, and the black market price of the dollar, which many use to gauge prices, is still four times the official value, even after the devaluation. Al Jazeera's Lucia Newman reports from Caracas.

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  News & Politics

[John Mitchell]

See_the_truth dot webs dot com

[Evergr3entree]

Chile has the most free market in Latin America, and it also has the highest HDI in the region at 0.805 (very high); while Venezuela's HDI is 0.735. Meanwhile, 15% of Chileans are below the poverty line, and in Venezuela, poverty is at 27%...

[Galonodel738]

This is what happens when you allow a government with a communist agenda to rule for so long. We are starting to see the system that they have espoused fail on multiple levels because the government of Venezuela cannot hope to maintain enough income to sustain subsidizing all the industries that it effectively controls.

[jdn42y11]

Did you know that gasoline is 26 cent a gallon to the people of Venezuela.

[kurtilein3]

maybe because its at the moment cheaper than water? and because having gas being cheaper than water isnt sustainable anymore in the modern world.

[cchessmaster]

Their banks are controlled by the Red Shield just like the rest of the enslaved world.

[wolfengheist]

How the hell are there gas hikes in a oil rich nation like Venezuela ?

[Delta4ms]

"2:00" Gas is practically free in Venezuela. Interesting.