Is this the end game for Bolivarian Socialism in Venezuela

Reply Thu 30 Mar, 2017 06:17 pm
Today it's official. The masks have fallen.

Venezuela is a dictatorship.
Reply Thu 30 Mar, 2017 06:59 pm
You are clearly referring to today's announcement holding the elected legislature "in contempt" (of what was not specified). I think we agree that the dictatorial intentions of President Maduro (and, as well of his predecessor) have been visible for a very long time.

Other sources also report requests from the opposition for military intervention to restore constitutional powers. I find this odd in view of Maduro's rather clever (or perhaps merely necessary) use of military leaders to extend the reach of government, giving them both power and the opportunity to enrich themselves through increasingly widespread corruption - all with no evident limiting counterforces. In such circumstances it's hard to imagine anything useful coming from the current crop of Venezuelan military leaders. They have as much personal interest in the present game as does the former bus driver Maduro.

The many pronouncements issued by Maduro are almost comical - if one ignores the awful and sometimes tragic consequences for the Venezuelan people.

I read that even the Cuban indentured labor medical force, induced presumably by the prospect of a better life than at home, is headed back to their socialist paradise in Cuba. This exacerbates an already difficult situation arising from shortages of electrical power, medicines and other needed materials.

Frankly I find it amazing that the Venezuelan people have not already risen up to overthrow their government. Possibly as a result of the inequities of the past, there remain sufficient credulous beneficiaries of the "Bolivarian Revolution" to prevent or delay that.

I hope the United States continues to stay out of this mess. Perhaps we can ask the Canadians to help out when the economy shuts down completely. They are very polite, and their PM Justin Trudeau appears ( from his eulogy of Fidel) to be inspired by Socialist Dictators.
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Reply Sun 2 Apr, 2017 11:46 am
Todays news that the Venezuelan Supreme court has reversed its earlier suspension of the legislature, following directly on public criticism by the Chavista State Prosecutor, suggests the beginning of some divisions (or loss of confidence in the hapless Maduro) by the party elite (or conceivably a face-saving reversal on Maduro's part). Either way the ruling party appears to, at last, be losing self-confidence.

It's very hard not to conclude that the pressures attendant to the ongoing economic collapse will permit the current political situation to last much longer. However it has already continued much longer than I had previously thought possible. Clearly Venezuelans have found other ways to sustain their economic needs.
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Reply Thu 20 Apr, 2017 05:19 am
GM pulls out of Venezuela as government seizes plant. Looks (hopefully) like the end is near. How bad can it get?

Reply Thu 20 Apr, 2017 07:10 pm
The Maduro government has been taking a now long series of actions to control prices and enforce distribution of essential goods all of which exacerbate the fundamental economic causes of the unfolding Venezuelan economic collapse. It would be a comedy if it weren't for the continuing suffering of the Venezuelan people that has resulted.

In addition the Chavista regime has been steadily killing PDVSTA, the now nationalized state oil company, once the goose that laid the golden eggs for the country. Oil production is now down about 25% and the physical infrastructure for oil production and distribution infrastructure is crumbling. Venezuelan petroleum loading ports are badly contaminated with heavy petroleum from neglected, leaking transfer pipes , coating the hulls of tankers and destination ports are refusing entry to them as a result.

Venezuelan hard currency reserves are almost depleted and default on bond maturities can't be far off.

I'm frankly amazed the Maduro government has hung on thus far. The approaching end could well be very violent. I fear that political and economic recovery from the forthcoming collapse collapse could take a very long time.
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