Home
/
RELIGION & LIBERTY ONLINE
/
In the wake of socialism, Venezuela’s black-market capitalists meet community needs
In the wake of socialism, Venezuela’s black-market capitalists meet community needs
Mar 14, 2026 2:49 PM

The Venezuelan people continue to struggle and sufferunder the weight of severe socialist policies—facing increased poverty and hunger, swelling suicide rates, and widespread social unrest.

Yet even as its president admits to anationwide economic emergency, the government continues to celebrate the very drivers behind the collapse,blaminglow oil prices and “global capitalism,” instead.

Meanwhile, amid the turmoil and desperation, Venezuela’s localcapitalism is beginning to emerge as a solution to the woes of socialism. According to Patricia Laya at Bloomberg, the country is seeing a renewed movement of ground-up creativity and experimentation geared toward rebuilding after the destruction of top-down control and mismanagement.

“Hyperinflation and scarcity have the Bolivarian revolution’s socialist heart pulsing with entrepreneurship,” writes Laya. “Desperate citizens are eking out a living with ventures such as digging home water wells, bartering bananas for haircuts and muters in animal-cargo trucks. Theeconomy’s erosion has created markets and market players where none existed.”

Laya highlights several of the country’s burgeoning black-market entrepreneurs, many of whom repair or restore broken or used goods and resell them for a profit. Although the government hoped to snuff out independent industry, the effect is quite opposite. As economist Omar Zambrano explains in the article, “This Draconian effort to expand the state’s influence over any and every circle of life and business has created a black market for everything it touches.”

For Yessica Vaamonde and her husband, Jose Ramirez, an opportunity was found in repairing damaged light bulbs. Vaamonde now spends her days walking through the slums of Caracas collecting bulbs and bringing them back to her husband, who repairs up to 50 per day and turns them for a profit. “I had to improvise in this crisis,” says Ramirez. “Many people today have to pick food over buying things like lightbulbs. I do things well, and I help them afford a good product that will last.”

For Yhoan Guerrero, the economic collapse meant leaving his job as a paramedic to repair tires, which paid much better. But more than the money, much like Vaamonde and Ramirez, Guerrero is finding new meaning and purpose in developing a new solution to munity problem. He’s meeting real human needs with his own initiative, creativity, and capacity:

Noticing the rising price of car tires, the father of one learned to sew, patch, fill and shape busted tires and now makes almost four times as much. He calls the process plete tire surgery.”

“We save people around here,” said Guerrero, his hands darkened with grease and rubber, while using his weight to pry a tire from its rim. “With the country being how it is, no one can afford a new tire. I’ve built a loyal clientele in the past seven months. They want no one else touching their tires.”

…Often people e in begging for a cheap fix, he said. In those cases, he’ll fill their tires with plastic foam and melt it with gasoline; other times he’ll use sawdust and liquid soap. “It gets them moving again.”

Far from being crushed by the decades-long abuses of an oppressive socialist regime, Venezuela’s emerging entrepreneurs are demonstrating the real solution to economic scarcity and social desperation: human ingenuity creativity freely expressed in the service of others.

In doing so, these entrepreneurs remind us, yet again, of the inherent, God-given dignity and creative capacity of the human person. These are features that exist and endure, not fading or deteriorating according to the economic, social, and political dysfunction that surrounds us.

No matter how much our governments and economic institutions may fail, those basic human attributes and gifts remain, and the human calling to create and serve will eventually reawaken and renew.

“Most Venezuelans didn’t have to struggle to make it because they lived off of oil for a very long time,” says historian Tomas Straka, a professor at Andres Bello Catholic University in Caracas. “We’re seeing a new phenomenon under the worst of circumstances.”

Read the full article here.

Image: Venezuela man selling razors, 12019(CC0)

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Radicaltarianism: Toward an Economics of Possibility and Grace
Over at Rough Trade, the always intriguing James Poulos celebrates the increased attention now being given to the “relationship between economic and religious life,” pointing to the Acton Institute’s very own Samuel Greggto kick things off. Yet he remains unsatisfied, fearful of a return to what he views to be unhelpful “conceptual frameworks and cultural antagonisms” of the past, and urging us to push toward “a new mode of analysis that breaks away from the old, exhausting debates.” For Poulos,...
New Acton University Billboard in Grand Rapids
Acton University is fast approaching. As a way to greet our speakers and attendees we’ve placed this billboard on 131 South near the Wealthy St. Exit. If you’re in Grand Rapids, be sure to check it out! ...
How Did the Global Poverty Rate Halve in 20 Years?
From 1990 to 2010, the global poverty rate dipped from 43% to 21%. The Economist explains why the rate halved in twenty years: How did this happen? Presidents and prime ministers in the West have made grandiloquent speeches about making poverty history for fifty years. In 2000 the United Nations announced a series of eight Millenium Development Goals to reduce poverty, improve health and so on. The impact of such initiatives has been marginal at best. Almost all of the...
The 30-Hours-Per-Week Job Hurdle
One of the most basic concepts in economics and business is marginal or incremental cost, the additional cost needed to produce or purchase one more unit of a good or service. For example, if a business can produce 100 widgets at a total cost of $5,000 and 101 widgets for $5,500, the marginal cost of the 151st unit is $500. At that rate, pany has a disincentive to produce more than 100 widgets since the cost rises sharply (an average...
Dirt and Development
“We poverty junkies spend a lot of time examining the fruits and the roots,” says Mark Weber at PovertyCure, “But what of the soil?” Tyler Cowen also recently noted that economists don’t talk nearly enough about soil, despite their contributing to some of the biggest problems in the entire world. The problems can be seen in the European Union’s Institute for Environment & Sustainability recently published Soil Atlas of Africa. Robin Grier highlights some of the findings: 1. “While Africa...
The Dark Ages – Not So Dark, Really
The Dark Ages: that time when people knew the Earth was flat, the civilization of the Western Roman Empire had collapsed, and people basically sat around waiting for something – anything – good to happen. Except the Dark Ages weren’t so dark after all. Anthony Esolen, professor of literature at Providence College would like to set the record straight. Nobody teaches history in schools anyway, much less the history of Europe. They do current events, social studies. The literature of...
Feeling ‘Good’ All The Time: Isn’t That Enough?
We live in a society that really wants us to feel good. We have weight-loss programs, 24-hour gyms, hair color for men and women, and scads of “self-help” books. We laugh at videos on the internet of people doing dumb stuff, just so we know we are better than that. If we’ve got a job, a reasonably well-trained dog and no parking tickets to pay, we are good. Right? John Zmirak begs to differ. He takes us to an imaginary...
‘Economic Examination of Conscience’
Kishore Jayabalan, Rome director of the Acton Institute for the Study of Religion and Liberty, clarified remarks made by Pope Francis at a May 16 reception of new Vatican ambassadors. The pope, calling for an examination of the world’s relationship with money, said we are facing “dire consequences” due to the power we give money. Jayabalan had this to say: If we look at money as wealth itself, we can very easily place it above everything else. But if we...
G8 Summit Protests Sponsored by Capitalism
Leaders from Canada, France, Germany, Italy, Japan, Russia, the U.S., and UK will meet at Lough Erne in Northern Ireland for the G8 Summit June 17-18, 2013. These international negotiations among the world’s largest economies provide opportunities to discuss the fluidity of trade between nations but also provokes public protest. All over social media, various groups are set to organize protests about the global trade conference because capitalism and international trade are viewed as evil. For example, the “Stop G8...
Samuel Gregg: Pope Francis And The True Meaning Of Poverty
Pope Francis has made ments on poverty, some of which have been misconstrued by the media and in the Church itself. Samuel Gregg, Director of Research for the Acton Institute, discusses both the meaning of poverty within Church teaching and what Pope Francis is truly referring to when he addresses poverty in our world today. In Crisis Magazine, Gregg points out that Christians are never to be forgetful of economic disparities, but that “poverty” has a richer and far more...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved