Protest In Venezuela

A reason for the many protests in Venezuela is the lack of income from the oil industry. Venezuela, similar to other South American countries, have oil reserves. However, Venezuela's economy is closely linked to oil production since their economy is dominated by the oil industry. The deterioration of the industry is a direct result of their president, Chavez, policies. This leads to inflation and food shortages, causing the people of Venezuela to protest.
Their president, Hugo Chavez, tried to improve the country’s social condition by nationalizing the entire Venezuelan economy. He raised the prices of oil and moved out all private competition. During his rule, he tried to alleviate poverty by controlling prices and markets, however; he instead disrupted the mechanisms of supply and demand to the point where producing anything became unprofitable. This is the outcome of Chavez raising oil prices above …show more content…
The staggering inflation led to shortages of basic goods like milk, cooking oil, sugar, and toilet paper.Many shoppers would have to wait in extremely long lines to enter supermarkets. In the Video Fight for Food in Venezuela- Food Shortage in Venezuela by Rebel Roadway it shows the dire need for food. Hundred of citizens frantically run in crowds outside to get to the stores just to get chicken and flour. It’s becoming normal to see massive amounts of people sprinting for miles for the small supply of food available, this is referred to as a “Marathon for food”. When they arrive in the stores there is no order. The people create chaos by standing on tables and raiding shelves and drawers, trampling on each other blatantly disregarding the safety of themselves and others because they are on the brink of starvation. This usually leads to fights and riots over basic necessities and a poor supply of