The tragic toll in deaths, injuries, and destruction from Venezuela’s massive earthquakes is not fully known, but it certainly can only increase. The death count rises daily. Initial estimates put the destruction at $6.7 billion, affecting nearly 7 million people, including 2 million in Caracas, the capital city.
As rescue efforts continue, and relief and reconstruction get underway, this disaster will unquestionably have political consequences. If there is any silver lining for Venezuela’s people, it is the widespread proof that, in a time of crisis, their corrupt, authoritarian leaders are failing in their most basic duties. Flagrant graft is and has been endemic under the Chavez-Maduro-Rodriguez regime, one of many factors limiting foreign investment for almost three decades.
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