Concept
An Overview of the Venezuelan Crisis
Venezuela’s current crisis is a direct result of both the political developments of Chavismo and the country’s historical dependence on oil. Chávez—who rose to power through the Bolivarian Revolution—deteriorated Venezuelan democracy before his predecessor—current President Maduro—transformed the country into a full-blown dictatorship. Additionally, Venezuela’s historical dependence on oil has caught up with it, resulting in several years of a worsening recession amid the COVID-19 pandemic. Despite the desperate situation, however, Venezuelans have not joined forces in a united revolution.
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Updated 2021-08-12
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Social Science
Empirical Science
Science