homehome Home chatchat Notifications


Venezuela orders 2-day work week in desperate attempt to stave off power crisis

Venezuela's public workers will only work on Mondays and Tuesdays as the country falls deeper into crisis.

Mihai Andrei
April 27, 2016 @ 4:28 pm

share Share

Venezuela’s public workers will only work on Mondays and Tuesdays as the country falls deeper into crisis.

Venezuela is undergoing a severe economic crisis, as well as constant power outages.

Venezuela seems to be inches away from a complete crisis. With a crumbling economy, corrupt politicians and a decaying infrastructure, the country has few back-up plans. But there’s a fine irony for the country with the biggest proven oil resources to undergo an electricity crisis. Revenue from petroleum exports accounts for more than 50% of the country’s GDP and roughly 95% of total exports, most of which go to the United States. But falling oil prices, coupled with a general incompetence or inability to manage the country’s resources and potential have sent them on the brink of collapse. President Nicolas Maduro announced Tuesday that the government was slashing working hours for at least two weeks, in a desperate bid to deal with the country’s lack of electricity.

It’s not as if this move came from nowhere. Power shortages have been a part of the life of Venezuelans for years. First, President Nicolas Maduro shut down the country for a week in March. Then, he made Friday an official holiday and implemented the four-day work week, again to save power. Earlier this month, the president asked women to stop using hairdryers, saving them only for “special occasions.” He also asked citizens to hang their clothes instead of using dryers and to embrace the heat  Rations were introduced in several supermarkets.

“It’s not just electricity; it’s the whole infrastructure of the country that’s crumbling.” says Jean Daudelin, a professor of development and conflict at Carleton University. “It’s the road systems, it’s the ports, it’s the water, it’s everything.”

The country’s economic situation can be explained by a chain of unfortunate decisions. Under Hugo Chavez, the country reduced poverty from 50% to 30% (today’s levels are between 75 and 80 percent, with a drastic inflation). When the price of oil was rising, the country made a big profit but time after time failed to invest that profit into something more sustainable and reliable. They did invest in the food industry and health, but the bulk of that money went into subsidizing oil. Gasoline could be bought for mere cents on the gallon—the cheapest price in the world, and Venezuela consumed much more energy than its neighbors. It seemed the country was living a golden age, but things changed quickly.

Failing to invest in basic electricity production, the country was still stuck paying $12.5 billion in fuel subsidies alone. Because of the unstable political environment, no one really wanted to reduce these subsidies even though they clearly weren’t paying off. Further inability to develop alternative energy sources coupled with a drought (reducing hydro-electricity production) led to the situation we see today.

Power outages may be a chronic problem in Venezuela, but implementing a 2-day work week to save power is something I wouldn’t expect to happen in 2016… or ever.

share Share

This Flying Squirrel Drone Can Brake in Midair and Outsmart Obstacles

An experimental drone with an unexpected design uses silicone wings and AI to master midair maneuvers.

Oldest Firearm in the US, A 500-Year-Old Cannon Unearthed in Arizona, Reveals Native Victory Over Conquistadores

In Arizona’s desert, a 500-year-old cannon sheds light on conquest, resistance, and survival.

No, RFK Jr, the MMR vaccine doesn’t contain ‘aborted fetus debris’

Jesus Christ.

“How Fat Is Kim Jong Un?” Is Now a Cybersecurity Test

North Korean IT operatives are gaming the global job market. This simple question has them beat.

This New Atomic Clock Is So Precise It Won’t Lose a Second for 140 Million Years

The new clock doesn't just keep time — it defines it.

A Soviet shuttle from the Space Race is about to fall uncontrollably from the sky

A ghost from time past is about to return to Earth. But it won't be smooth.

The world’s largest wildlife crossing is under construction in LA, and it’s no less than a miracle

But we need more of these massive wildlife crossings.

Your gold could come from some of the most violent stars in the universe

That gold in your phone could have originated from a magnetar.

Ronan the Sea Lion Can Keep a Beat Better Than You Can — and She Might Just Change What We Know About Music and the Brain

A rescued sea lion is shaking up what scientists thought they knew about rhythm and the brain

Did the Ancient Egyptians Paint the Milky Way on Their Coffins?

Tomb art suggests the sky goddess Nut from ancient Egypt might reveal the oldest depiction of our galaxy.