Venezuela on the Brink: Price Controls Spark Fears of Shortages

Venezuela Faces Potential Crisis as Government Considers Controversial Price Controls Caracas, Venezuela – June 3, 2025 – The Venezuelan government is reportedly considering reintroducing the "Ley de Precios Justos," a price control measure that has historically led to widespread shortages and economic instability. This move has sparked concerns among citizens and analysts, who fear a repeat of the hardships experienced in previous years. The government's actions are accompanied by efforts to distract the public, including focusing attention on the fluctuating parallel dollar exchange rate. "They're using the dollar, the monitor dollar, as a distraction," explains a social media commentator in a recent viral video. The video highlights the potential for severe shortages of essential goods, echoing similar issues faced in 2017. The reintroduction of price controls raises concerns about the government's commitment to economic stability and its impact on the daily lives of Venezuelans. Experts are closely monitoring the situation to assess the potential consequences.