EspañolThe regents of the Venezuelan economy over the last 15 years have based their planning on the perception that everyone in the private sector is a crook. Crooks need to be scrutinized and controlled to ensure their corrupt practices stay clear of the people’s well-being. From this premise is derived the massive number of controls, permissions, official seals, procedures, and licenses that have become necessary in order to do business in Venezuela or from Venezuela.
A case in point is the exchange control which now dates back more than 12 years. In the beginning, there was a legitimate reason for the controls, given the backlash of a banking crisis at the onset of the new government. However, more than an economic tool, it became a political tool. Those in power used it to guide infidels toward becoming acquainted with and accepting the socialist agenda, so as to be favored with hard currency for imports of raw materials and/or services.