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Economics

Crime Hobbles Venezuela's Economy

Bosses flee, cinemas close early, foreign capital goes elsewhere
Relatives and friends carry the coffins of Venezuelan model Monica Spear (right) and British-born partner Thomas Henry Berry during their funeral in Caracas on Jan. 10
Relatives and friends carry the coffins of Venezuelan model Monica Spear (right) and British-born partner Thomas Henry Berry during their funeral in Caracas on Jan. 10Photograph by Juan Barreto/AFP via Getty Images

The murder on Jan. 6 of Monica Spear, a well-known actress and former Miss Venezuela, and her husband attracted world attention to a problem that has plagued Venezuelans and their economy for years: violence. When her Corolla broke down, Spear was robbed and shot in front of her 5-year-old daughter, who survived a gunshot wound.