EspañolVenezuelan newspaper El Universal reported on Thursday, August 14, that the Venezuelan central government has obtained US$10.68 million in credit from the National Assembly to import basic personal-hygiene products that have remained scarce since last year.
Unfortunately, news of the loan is unlikely to inspire relief among Venezuelans who must wait in long lines to buy bare necessities such as toilet paper. Scarcity of everything from milk to toothpaste has become endemic throughout Venezuela, and store shelves are often stocked with only one brand option — if at all — forcing Venezuelans to overpay for ill-suited products before the available supply runs out.
The intention of this article is not to deride Venezuela, nor imply that the people of impoverished countries deserve the hardships of scarcity. Rather, I want to point out the irony of the Venezuelan economic crisis: a country with such infrastructural and resource potential for domestic production, yet forced to import consumer goods with capital that should have been invested in the promise that once was Venezuela.