Thursday, August 20, 2015

If Venezuela Implodes, Will Its Neighbors Be Ready?


Venezuela is slipping toward a humanitarian crisis. News of its latest economic low point, or of President Nicolas Maduro's most recent political tantrum, tends to eclipse this slow-motion disaster. Yet the danger of a Venezuelan implosion is growing. Perhaps you're aware that Venezuela has the world's highest inflation rate, a collapsing currency and every prospect of defaulting on its debts next year. You may have read about shortages of consumer goods (everything from milk and bread to beer and condoms), and the effort required to obtain hard currency (kidnapping purebred dogs to sell in Brazil is one way). More…

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