Chávez weakened Venezuelan democracy through processes of democratic erosion, gradually consolidating his power and weakening his opponents in the process.

Political Problems Under Chávez

Chávez was able to institute poverty-reducing economic reforms during the early 2000s because the price of oil was high. However, by focusing on social programs to boost his popularity, Chávez neglected to invest in stabilization policies. He kept the Venezuelan economy almost entirely dependent on oil production, which would have disastrous consequences under Maduro once oil prices inevitably fell.

Economic Problems Under Chávez

Many of the political and economic problems that currently afflict Venezuela stem from issues that began under Chávez’s rule.

Wesleyan University

The current crisis in Venezuela affects all levels of Venezuelan society. Political problems began under Hugo Chávez and have been exacerbated by Nicolás Maduro, who has also overseen a large-scale economic crisis over the past several years.

The Crisis in Venezuela, from 1999 to Present

Political and Economic Problems Under Chávez (1999-2013)

Maduro exacerbated Chávez’s authoritarian policies and allowed the Venezuelan economy to collapse in recent years.

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