71% of Venezuelans are unhappy with failing economy
Bloomberg / Matthew Walter

In a country blessed with enough crude to make it OPEC's sixth-largest producer, the store has no milk, no chicken, no cooking oil and no flour. A currency black market is thriving. Inflation hit an annualized 29 percent in April and rents in upper-middle-class neighborhoods of Caracas have soared to New York levels -- as much as $4,000 a month for a two-bedroom flat. Food producers say the seizures by the National Land Institute have made shortages worse. ``There's a flight of investment from food production,'' Petrodollar billions can buy a lot of things. As Chavez has found, well-stocked grocery shelves aren't always among them.




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