Caracas became an epitome of the unprecedented state of economic anarchy in Venezuela. Prevailing violence, restless protests, and unsettling populist authoritarianism in both the Chavez and Maduros regimes produced severe outcomes that have never been witnessed. Who suffered most from these series of events is its people. The decline in petroleum price and intensifying inflation slowly suffocated the citizens by annexing private markets and stimulating the scarcity. The birth of an alternative market was inevitable. Contrary to its intention to be a solution to the shortage, the black market surfaced hyperinflation, putting the country in a more critical predicament. Nonetheless, the black market, a new norm, should not be diminished, owing to its impact on Venezuela’s socio-economy.
How does a market formally and spatially manifest itself in a place, where the
black market has become a new norm? The city, therefore, requests for a point of
collision, a place that behaves as an economic hub. A place of coherence that would merge scattered illegal street vendors, accommodating social facilities while urging the state to provide civic regulations in the regulated black market. The research has verified that a normal market cannot be an adequate solution for the mid-lower class Venezuelans to survive on, and undeniably the black market is the only source that they can find a living for. Acknowledging the counter side of the black market and the impact of hyperinflation on its economy, this proposal will display a new prototype of ‘SUPER’ market that can act as an adhesive catalizer advocating the duality of both authority and the free market.
Status: School Project
Location: Caracas, VE
My Role: Collaboration with research, design phase, 3d modeling/making, 2d drawings, editing of renders.
Additional Credits: Jihae Jeon(team partner)