Venezuela's Regime Targets Economists Amid Economic Collapse

In the face of escalating inflation and renewed sanctions, President Nicolás Maduro's government has turned its attention to economists as part of its strategy to manage the narrative surrounding the nation’s dire financial crisis. Over the past two months, approximately twenty independent economists and financial analysts have been arrested, including some who have shared critical data about Venezuela's deteriorating economy. Experts believe this move is an attempt by the regime to suppress dissenting voices, as the Central Bank has failed to provide reliable economic indicators, forcing these professionals to rely on independent metrics.

"This is essentially a shoot-the-messenger approach," explains Phil Gunson from the International Crisis Group. His experience living in Venezuela underscores the regime's tactics to stifle transparency and bolster its authority amidst growing public discontent. With the dual-currency system causing confusion in financial transactions and continuing economic hardship, the government’s actions further isolate the country from impartial financial discourse needed during such a crisis.

This clampdown on economists highlights the lengths to which the Maduro administration will go to maintain control over public perception and avoid accountability for the ongoing economic disintegration. Observers worry that such repressive measures will only exacerbate the difficulties faced by ordinary citizens in Venezuela.