O'Grady on Venezuala

Mary Anastasia O'Grady, "Why Venezuela Offers Asylum to Snowden," The Wall Street Journal, July 7, 2013

Mr. Maduro's presidency is still viewed as illegitimate by roughly half of the Venezuelan electorate, who voted for challenger Henrique Capriles in April. The official rate of the currency known as the "strong bolívar" is 6.3 to the dollar. But a shortage of greenbacks has forced importers into the black market where the currency trades at somewhere between 31 and 37. There are price controls on just about everything, producing shortages of food and medicine. Even so, inflation is now hovering at around 35%, which means that some vendors are skirting government mandates.

In a free society with competitive elections, economic chaos generally prompts a government response designed to mitigate hardship. Venezuela needs liberalization. But that would threaten the profits of the military, which is largely running the country. When the nation ran out of toilet paper in the spring, it was the perfect metaphor for the failed state. But Mr. Maduro's foreign minister, Elias Jaua, responded by scolding Venezuelans for materialism, asking, "Do you want a fatherland or toilet paper?"