Caldera Pulls A Minicoup In Venezuela

Just when most Latin American countries are moving to deregulate their economies, Venezuela finds itself lurching back toward massive state intervention. On June 27, groping for a way to stem a deepening banking crisis, President Rafael Caldera decreed currency and price controls. But he went further than anyone expected and included in his move a suspension of basic constitutional rights such as freedom to travel and protections against arbitrary arrests and property seizures.

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