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    Economy South America Venezuela

    Why is Inflation So High in Venezuela?

    avatarBy Updated:No Comments1 Min Read


    Attempting to build socialism surrounded by a global capitalist economy and being reliant on oil revenues, Venezuela is struggling to find a solution to capital flight and exchange rate problems. Part one can be found here.

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    Gregory Wilpert is a German-American sociologist, journalist, and activist who has covered Venezuela extensively for a wide variety of publications. He holds a Ph.D. in sociology (Brandeis University, 1994) and is author of the book, Changing Venezuela by Taking Power: The History and Policies of the Chávez Government (Verso Books, 2007). He is co-founder of the website Venezuelanalysis.com, was director of the teleSUR English website, and host and managing editor for The Real News Network. Currently he works as deputy editor at the Institute for New Economic Thinking.

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