LAWAC Venezuela 3/13/19
On Wednesday, March 13th, USC Professor Gerardo Munck spoke to an audience at Los Angeles World Affairs Council Headquarters about the current crisis in Venezuela. To quote the overview: " Once Latin America’s richest economy, Venezuela is now home to an economic and humanitarian crisis of epic proportions. Civil unrest, hyperinflation, food shortages and lack of medical supplies highlight the need for intervention from the international community." Here are some of my major take-aways from the event. In Venezuela, the military is in charge of all distribution of food. As of now, they're grappling with 1 million percent inflation; it's projected to reach 10 million by next year. Many members of the military personnel are corrupt and involved in domestic and international drug trade. Though Guiado is supported by the United States and other dominant, liberal world powers, Maduro has been able to retain his reign; his military hasn't abandoned him yet...