Social networks have become the ally of the family economy of Venezuelans against rising prices. Facebook, Instagram and Whatsapp work groups work as exchange sites for necessities: no money, no speculation.
The first surprise is the offer: varied, uneven, abundant. Second, the number of groups in the world. The third thing is that escapes public or private control.
Barter has become the new alternative for Venezuelans suffering the ravages of the economic war. The system, which has existed since time immemorial, gaining strength in the South American country with unique features is strongly mediated by social networks.
Falling oil prices since last year has resulted in shortages of foreign exchange for the mono-exporting country. This along with the long campaign of boycott and sabotage from the USA, and the determined resistance of the deposed oligarchy articulated through the upper middle class, has led to hyperinflation and economic disaster. Continue reading Venezuelans organise Barter 2.0 to Survive the Economic War, avoid Inflation and Tax.