ASSESSMENTS
Venezuela: Maduro's Gamble to Fight Inflation
Nov 15, 2013 | 16:56 GMT
(LEO RAMIREZ/AFP/Getty Images)
Summary
At a time of furious rhetoric surrounding the "economic war" in Venezuela, the government has demonstrated its willingness to upset the public order. According to reports, Venezuelan officials arrested dozens of people accused of economic speculation in an economic crackdown targeting retail stores across the country. Security officials have inspected 1,400 stores over the past week, and Venezuelan President Nicolas Maduro said Nov. 14 that 100 people have been arrested in the process. Reports are conflicting and suggest that some of those in custody may be accused of looting. At least 50 in custody are accused of speculation and usury, according to Miguel Rodriguez Torres, the minister of interior relations, justice and peace. Maduro recognizes the dangers of the current course but has decided to forge ahead to show that he is in control.
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