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76 sats \ 2 replies \ @Akg10s3 4h \ on: Where is gold being used as actual money, as a medium of exchange? econ
I'm a native of that country, and regarding the question of whether grocery stores are better stocked there than in the non-gold mining areas of Venezuela:
In the capital, Caracas, they have everything. They live in a "millionaire bubble" where everything is fine and there are no needs.
The entire corrupt elite of the current dictatorship is concentrated in the capital and the central part of the country.
All other areas of the territory are experiencing difficulties in many aspects, and I would say there are critical areas of extreme poverty!
In those places where they use "gold dust" to pay, it's mainly because there is very little cash in bolivars or dollars, and people prefer to use what they themselves extract from the mines as payment.
Thanks for the comment. Does most of the population live in Caracas? How do the poorer classes survive?
And what is the "millionaire bubble" class making money on? Reports seem to imply that oil production is no longer happening?
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Regarding oil, the dictatorship uses it to keep powers like China and Russia happy and on its side!
And we could say that the people in the capital earn their living thanks to the government, which maintains a somewhat stable environment, but only there. Furthermore, after 30 years of indoctrination, the government has managed to make people content with the crumbs the dictatorial elite throws their way. In terms of thought and in many aspects, I dare say there's a setback of at least 30 years.
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