Tuesday, May 17, 2016

Socialism in Venezuela is Absolute Crisis

Socialism in Venezuela a Complete Failure
Protests that rocked the Venezuelan capital over the weekend are the latest signs of a simmering crisis that's threatening to boil over in the South American country.
Rival factions of pro- and anti-government activists took to the streets of Caracas, a day after President Nicolas Maduro declared a "constitutional state of emergency."
    Maduro said his emergency declaration aimed "to tend to our country and, more importantly, to prepare to denounce, neutralize and overcome the external and foreign aggressions against our country."
    He has also called for military exercises to take place next weekend to prepare for "any scenario," including a foreign invasion.
    But while some marched in support of the government's push for a "state of constitutional exception and economic emergency," which is expected to extend into July, not all are as patient.
    Anti-government demonstrators accuse Maduro of clinging to power as his country crumbles.
    People throughout the country lack access to food and basic healthcare.
    At times, they can't even turn on the lights -- the government says extreme drought has hampered the country's hydroelectric capabilities.
    There are product shortages; there is raging inflation that has annihilated salaries; and there is rampant violent crime.
    All of this is leading to widespread anger -- culminating in the sort of protests seen over the weekend, as well as the outbursts of looting and violence that are marring this once-stable nation.

    Maduro's last days?
    Protests are on the rise and a key poll shows nearly 70% of Venezuelans now say Maduro must go this year.
    The opposition, won control of the National Assembly in a December election propelled by voter anger, are now pushing for a recall referendum against him.
    Venezuelan Vice President Aristóbulo Istúriz dismissed that possibility Sunday, accusing the opposition of committing fraud in its efforts to get signatures for a recall vote.
    "Maduro will not leave because of a referendum. Forget it. ... There will be no referendum," he said.
    No matter what happens next, the situation is bleak.
    Venezuela is currently seeing sky-high inflation brought on by plummeting oil prices, which has resulted in a chronic shortage of goods, medicine and power -- all of which is contributing to widespread political unrest.
    Maduro threatened Saturday to seize idle Venezuela factories and jail their owners following a decree granting him expanded powers to deal with the country's acute economic crisis.

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