The Caracas Metro 2


The extreme nature of sanctions against Venezuela made it very challenging to keep economic activity going. One example is Caracas’ impressive five line Metro system, where for almost twenty years they had to keep things running with no spares or maintenance support from the train manufacturers.

Yet resilience and ingenuity kicked in, and Venezuela actually reverse engineered and manufactured parts – the need to do this in the oil sector also created a burgeoning small foundry industry, for example. Eventually, sanctions will stimulate domestic production. I spent some time with the Metro looking at how this happens.

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2 thoughts on “The Caracas Metro

  • Jen

    Economic sanctions can help stimulate domestic industry but background context has to be favourable as well. Having abundant natural resources (or being able to obtain them), no immediate hostile neighbours, and a culture with a long history of resilience and cooperation against immense odds surely helps as well.

  • M.J.

    Impressive stuff! The sooner Maduro is acquitted and Trump is out of office, the better off the whole world (including Venezuela) might be.