Despite Growing Opposition, Chavistas Will Escape Elections with Minor Losses

Despite Growing Opposition, Chavistas Will Escape Elections with Minor Losses

As Venezuela prepares to mark the 10th anniversary of its Bolivarian Revolution, Hugo Chávez has little cause for celebration. His stewardship of the state economy has largely resulted in failure: Income inequality is on the rise while inflation has skyrocketed to nearly 30 percent. Basic food staples — such as milk, eggs, and meat — are scarce, raising fears of a looming food crisis. Violence is rife. Venezuela’s murder rate has grown so ruinous — with more than12,000 homicides in 2007 — that the country no longer releases official data. On the political front, matters are equally troubling. In the […]

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