Why the world must pay attention to the turmoil in Venezuela—and how it can end the chaos
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It is tempting to dismiss what is happening in Venezuela—the economic meltdown, the student demonstrations, the jailing of an opposition leader, the crackdown on the media—as nothing more than business as usual in Latin America. This would be a mistake: the crisis in Caracas is new, dangerous and demands attention.
It is true that high rates of crime and economic difficulties continue to plague several countries in the region. And yes, other Latin American nations have also been hit by episodes of violence in recent years. But for much of the region, widespread shortages of everyday necessities, brownouts, spiraling inflation and yawning gaps between official and black exchange rates belong mainly in the past.