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Venezuelan economy: Media get it wrong, again

Economic misreporting and the elections

The bulk of the media often gets pulled along for the ride when the United States government has a serious political and public relations campaign around foreign policy. But almost nowhere is it such monolithic as with Venezuela. Even in the run-up to the Iraq War, there were a significant number of reporters and editorial writers who didn’t buy the official story. But on Venezuela the media is more like a jury that has twelve people but only one brain, Mark Weisbrot comments.

 

Mark Weisbrot


Since the Venezuelan opposition decided to campaign for the September 26 elections on the issue of Venezuela’s high homicide rate, the international press has been flooded with stories on this theme – some of them highly exaggerated. This is actually quite an amazing public relations achievement for the Venezuelan opposition. Although most of the Venezuelan media, as measured by audience, is still owned by the political opposition there, the international press is not. Normally it takes some kind of news hook, even if only a milestone such as the 10,000th murder, or a political statement from the White House, for a media campaign of this magnitude to take off. But in this case all it took was a decision by the Venezuelan political opposition that homicide would be its main campaign issue, and the international press was all over it ...


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From boom...
... to recession
Continued growth not assured


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