Hundreds of people in Venezuela are playing RuneScape. RuneScape is an online open-world game with multiple themes to choose from. RuneScape involves a world of ancient magic, pirates and medieval castles. This game provides an escape from the daily lives of Venezuelans. This viral video game is also employing Venezuelans during the country’s economic crisis to give them the income they desperately need.
The Economic Crisis in Venezuela
Venezuela is facing hyperinflation due to its plummeting economy and increasing political turmoil. Citizens are leaving their jobs and protesting on the streets instead. The country is in massive debt and corruption is rampant with violence on the streets in addition to food and medicine shortages. As a result, Venezuelans are fighting for survival as they earn only $6.70 a month.
Venezuela remains highly dependent on oil reserves, which accounts for almost all export earnings and nearly half of the government’s revenue. However, the falling oil prices due to the economic crisis has caused U.S. multinational firms to shut down their Venezuelan operations, aggravating the issue even more. The access to dollars has become insufficient with inflation on the rise and price controls as well as rigid labor regulations causing even more shutdowns. Because the government is so in debt, there are food and medicine shortages leading to health issues rising across the country. Malnourished children and citizens without access to proper health care is an ongoing crisis. Some Venezuelans are even migrating from their home country. Citizens are escaping to neighboring places such as Columbia and Peru in the hope of finding a better life. According to worldvision.org, the number of displaced people may increase to 5.4 million.
The Bolivar is worth $9.90 compared to the U.S. dollar. Meanwhile, Venezuela’s unemployment rate is 17%. The country is suffering from an inflation rate of 482% according to IMF figures. As the country is rationing food, angry and hungry mobs are attacking supermarkets and civil unrest is threatening the government.
In 2015, the oil price reduced by half and access to basic necessities like groceries cost 22 times the minimum salary. With the economy in turmoil, Venezuelans are searching elsewhere for employment and are looking anywhere to earn money.
RuneScape is a multiplayer online roleplaying game that can help the economic crisis in Venezuela. For some Venezuelans, this virtual video game is their only source of income. By farming gold on the game in exchange for in-game weapons and armor, Venezuelan’s can trade their virtual currency that is worth more than their actual currency online to other gamers across the world. Players are killing the green dragons in the game and selling the objects that they drop on the virtual marketplace. Additionally, Venezuelans can sell this gold to third party sites for money like cryptocurrency sites such as Bitcoin.
While the monthly minimum wage is only $6.70 a month, RuneScape players can earn that amount in only two days for eight-hour shifts by selling 500,000 units gold per hour. Since the economy is unstable in Venezuela, RuneScape offers a safety valve for Venezuelans across the country for the future. Estimates determine that 50% of the younger population and 20% of the older generation now farms RuneScape gold. In addition, 1.8 million Venezuelans depend on the green dragons in the game. A gold farmer can earn $40 a month, triple the average minimum monthly wage. This viral video game employing Venezuelans allows citizens to sell the gold for real money in the virtual marketplace that is not as volatile as their own economy.
The amount of RuneScape players may increase as the economy becomes more unstable. Additionally, for some Venezuelans, playing this viral video game will be the only way to feed their families and put food on the table in the foreseeable future.
Venezuela Crisis Relief
Although there are no organizations working to facilitate this money-making opportunity, multiple organizations are reaching out to help improve the economic crisis in Venezuela. Many children and adults suffer from malnourishment due to shortages of food. Global Giving imports medical supplies to dying patients and provides daily meals for starving patients. Each day, this project feeds 400 patients.
Humanitarian activities that the U.N. has supported have raised $155 million to support the Venezuelan people. The U.N. also donated food and provided agricultural support to 50,000 people. In addition, it has provided educational support to over 160,000 students.
While this viral video game is employing Venezuelans, Venezuela’s economy is still in collapse. With employment at an all-time low, RuneScape provides an opportunity for Venezuelans to escape from their poverty-stricken world and embark on new quests. One simple game online provides a solution by employing Venezuelans and allowing them to escape not only the economic burden of their country but also their daily lives. In the future, as online players increase, this money-making opportunity may even shape the world in which all Venezuelans are living.
– Joelle Shusterman