Venezuela is the target of a brutal economic blockade. Gregory Wilpert helps us understand why.
Cira Pascual Marquina
Venezuela entered a profound economic crisis beginning in 2014. There are many heated debates about its origins and causes. Among the most recent contributions to these debates is Malfred Gerig, a young researcher who has written extensively about economic and political issues. His soon-to-be-published book La Larga Depresión Venezolana [The Long Venezuelan Depression], pinpoints the origins of the crisis in a closing cycle of capital accumulation that was based on oil exports.