Unfinished Business
The Bolivarian Revolution went too far for capitalism but not far enough for socialism.
There can be no doubt that Venezuela is going through a profound crisis. A group of socialists in the country who defend the legacy of Hugo Chávez paint a bleak picture of everyday life there:
Nearly nineteen minimum wages are needed to cover the basket of basic necessities. We can add to this the inflation, said to be the highest in the world, the endless queues because of shortages caused by hoarding, speculative reselling and low agro-industrial production; along with the abuse by police and military personnel, the drama of the sick who cannot find their medicines, corruption that goes unpunished, the electricity crisis and organized crime. All of this is creating a situation of unprecedented social, political and economic chaos in Venezuela.
The failure of Nicolás Maduro’s government to maintain popular living standards has allowed the right-wing opposition to take control of Venezuela’s National Assembly, resulting in a bitter standoff between executive and legislature that has yet to be resolved one way or another.