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Venezuela Corruption And Corruption

Decent Essays

Although Venezuela is in a deplorable state of poverty and ruin due to the corruption and fiscal irresponsibility of its government, a regime change could return Venezuela to its former glory by opening its borders to foreign investing and capitalizing on its environmental landscapes to revive the Venezuelan tourism industry.
The current administration has systematically driven the country into poverty and ruin by consistently failing to meet the needs of its citizens and by continuing to implement policies that erode the economy. For instance, the Venezuelan administration’s mismanagement of funds by corrupt government officials resulted in a failure to repay debts to China, which in turn caused Venezuela’s largest creditor to cease any further business deals with the same. Moreover, government officials including Venezuelan President Nicolas Maduro, have grown their net worth while the country’s inflation rose a staggering 700% in 2016 as the vast majority (approximately 85%) of the population lived in poverty. The corruption and poor leadership throughout the government is prominent to the point that the US Department of the Treasury issued sanctions against President Maduro after holding illegitimate elections to retain power. Additionally, anytime the population rises in protest, even if peaceful, Maduro’s government has reacted by deploying military forces, often resulting in blatant violations and abuse of human rights that has led to countless unnecessary civilian deaths. The Venezuelan government’s fiscal irresponsibility, bad economic policy, and limitless corruption has created a financial void of such magnitude that, not even the country with the largest oil reserves in the world can procure critical medications, food, or basic necessities for 9/10 of the population. Additionally, hospitals are powerless to administer care; they are underfunded to the point where patients themselves must bring their basic necessities such as toilet paper and medications prior to being admitted into medical facilities. Even simple medications such as antibiotics, cough medicine or eye-drops have to be shipped and sometimes smuggled into the country because corrupt customs officials illegally confiscate the

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