The Rise And Fall of Venezuela’s Hydro System

Venezuela stumbles in the dark. The collapse of the National Electric System (SEN) is an unprecedented step backwards for the country and, along with a stagnant productive apparatus, hyperinflation and the crisis of basic services, it pushed the country to a state of anarchy, provoking repression against those demanding minimum living standards. But Venezuela wasn’t always like this. Once upon a time, Venezuela was booming, forging iron, steel and aluminum for the world. In the second half of the 20th century, it became the fourth largest economy in Latin America, setting an example of social security for the entire continent. The Caracas-Miami route and a subway with the slogan “Caracas doesn’t stop” signaled a promising future. More…