All posts tagged: Political Turmoil

Crisis in Venezuela

Venezuela is in the midst of an unprecedented economic and political crisis marked by severe food and medicine shortages, soaring crime rates, and an increasingly authoritarian executive. Critics of President Nicolas Maduro and his predecessor, Hugo Chavez, say Venezuela’s economic woes are the fruit of years of economic mismanagement; Maduro’s supporters blame falling oil prices and the country’s “corrupt” business elites. In 2016, opposition lawmakers took a majority in the legislature—the National Assembly—for the first time in nearly two decades. However, the Maduro government has taken steps since to consolidate the president’s power, including usurping some of the legislature’s authorities. Maduro’s actions have been met with massive protests and international condemnation. Chavez’s ‘Bolivarian Revolution’ Chavez, a former military officer who launched an ill-fated coup in 1992, was elected president of Venezuela in 1998 on a populist platform. As a candidate, he railed against the country’s elites for widespread corruption, and pledged to use Venezuela’s vast oil wealth to reduce poverty and inequality. During his presidency, which lasted until his death in 2013, Chavez expropriated millions …