Scarcity in Venezuela Exacerbates Inequality: David Smilde on NPR

In this NPR interview, WOLA Senior Fellow David Smilde sits down with Lulu Garcia-Navarro to talk about the impact of the worsening economic climate in Venezuela. As he notes, the increasing scarcity of basic goods is taking the biggest toll on individuals and families at the lowest socioeconomic levels, while a minority of Venezuelans with access to dollars are relatively unaffected. “There are people for whom this is the best of times, because things are very cheap and people can go out to dinner every night,” Smilde says. “The rest of the country has no chance of affording a place like this.”