What is the Venezuela really crisis about?

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David Frum. “Will Venezuela abandon Chavismo?” CNN.COM. 19. Feb. 2014. Web.Apr.7.2104. David Frum, CNN contributor and also editor at The Daily Beast. He is the author of eight books, including a new novel, "Patriots," and a post-election e-book, "Why Romney Lost." Frum was a special assistant to President George W. Bush from 2001 to 2002. The author in the article “Will Venezuela abandon Chavismo?” considerate the possibility of a changed in actual politics in Venezuela. He relate his own experiences, when he visited Venezuela in 2010, everybody was talking about elite Cuban paramilitary police units that Chavez had supposedly borrowed from Fidel Castro. But change is coming to Cuba too, and if the units ever existed, they certainly have not been visible in the past's week’s clashes. This article offers a good comparison between other countries situation and Venezuela. For Example, he mentioned that Perhaps the Syrian inspires Maduro to hope that he can hang on if his forces just kill enough people. But the real situation is Venezuela is located in a very different neighborhood, close not only to the United States but also to democracies in Colombia and Brazil that take a dim view of murderous dictatorship. As the Castro regime in Cuba has demonstrated, a moribund authoritarian system can take a long time dying. But the Castro brothers were serious about hanging on to power. Chavismo was serious about nothing. Diego Ore and Brian Ellsworth. “Venezuela protest death toll rises to 33”. Reuter. 22. Mar.2014. Web.4.Apr.2014. Diego Ore and Brian Ellsworth, two journalist of Reuter explained that the cause of the protest are complaining of soaring prices and product shortages have vowed to remain in the streets... ... middle of paper ... ...ns Hopkins University in Baltimore, MD., and also a Senior Fellow and Director of the Troubled Currencies Project at the Cato Institute in Washington,D.C. offers on this article a synopsis about Venezuela’s economic. Steve Claims Venezuela’s downward economic spiral began in earnest when Hugo Chavez imposed his “unique” brand of socialism on Venezuela. For years, the country has sustained a massive social spending program, combined with costly price and labor-market controls, as well as an aggressive foreign aid strategy. This fiscal house of cards has been kept afloat barely by oil revenues. As the price tag of the regime has grown, the country has dipped more and more into the coffers of its state-owned oil company, PDVSA, and (increasingly) relied on the country’s central bank to fill the fiscal gap. This has resulted in a steady decline in the bolivar’s value.

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