This article was originally published by MONGABAY and is republished with permission.
- Venezuela is fast becoming a failed state, with 11.4 percent of its children malnourished, 10.5 percent of its workforce unemployed, and an annual inflation rate of roughly 2,700 percent for 2017.
- Serious food, fuel and medicine shortages have in recent months resulted in mobs raiding stores and shops, fishing boats, even the stoning of a cow to death where it stood in a field, in order for people to be able to provide for their families.
- Meanwhile, Pres. Maduro has sought to save his nation from economic ruin by selling off its natural resources, opening the Arco Minero in Bolívar state to mining – 112,000 square kilometers, more than 12 percent of the country. He has also announced the creation of the Petro cryptocurrency, backed by the nation’s oil and possibly minerals.
- Mongabay correspondent Bram Ebus, in partnership with InfoAmazonia, recently traveled to the remote Arco Minero and reported firsthand on the chaotic political and social situation, where indigenous communities and the environment are put at risk by economic hardship, a corrupt military, armed gangs and guerrilla bands.