Steve Ellner: The Hardship Imposed on the Venezuelan People by US-Canadian Sanctions.
Talk, discussion with Steve Ellner - author of numerous books and professor at Universidad De Oriente in Venezuela from 1977 to 2003, is touring the US to give a presentation on the recent events in Venezuela and how people there are coping with hyper-inflation as well as food and medicine shortages.
Brought by Campaign to End US-Canadian Sanctions Against Venezuela, Chicago ALBA Solidarity. Sponsored here by PCASC, Workers World, ILPS, Portland Jobs with Justice. Donations to cover costs, support campaign.
The Bolivarian Revolution, started by Hugo Chavez in 1999, and now led by President Nicolas Maduro, has been in the bulls-eye of attacks by the Venezuelan opposition, the US administration, and the European Union. The US and European sanctions have been an economic strangle hold that has caused the Venezuelan economy to crumble. Economic sanctions prevent the normal flow of payments for goods; causing shortages and hyper-inflation, as much as more than 1,000%. Venezuelans have resorted to migration to neighboring countries to look for a better life, this has created a shortage of human talent in Venezuela which affects infrastructure (water, electricity, gas). The main Venezuelan industry, oil, due to lack of talented resources, cut production in half.