We need to talk about Venezuela

On the black market, the same pads would cost $3.50 (£2.20) but such huge price differences and a scarcity of goods are not unusual. Venezuela, located on the north coast of South America, has a diverse landscape including both the Andes mountains and the Amazon basin. President Nicolas Maduro's government blames foreign businesses for deliberately damaging Venezuela's economy by hoarding products and by pricing goods at a cost that is unfair. Endless queues outside supermarkets and police patrolling shops are an every day reality in a country where annual inflation stood at a reported 69% last year (inflation in the UK is about 0%). More…