Following a failed coup attempt by Hugo Chavez in 1992 against the dictatorship of Carlos Andres Perez, Venezuela has undergone through a complete political metamorphism which has essentially led to the government gaining control of the legislative, executive, and judiciary arms of the government. Chavez, who won the presidential elections in 1999 and subsequently in 2006, led a government that ensured the powers of the president were critically enhanced at the expense of the other arms of the government and the official institutions such as the legislature and the judiciary. Following Chaves’ presidential wins in 1999 and 2006, the executive’s powers were typically enhanced for 6 months and 18 months. The executive powers covered an array
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Eventually, this scenario led to a government system majorly dominated by the ruling party led by Chavez. This led to the radicalization of the political system in Venezuela majorly controlled by the political and economic elites which further led to the massive plundering of the country’s funds and resources. This era’s political shortcomings were as a result of Chavez’s unwillingness to engage with dissenting voices which further led to the country’s massive political and social polarization over the time. Consequently, Chavez’s style of ruling did not particularly define a clear political ideology, in fact, the policies could potentially be changed following something he said in a …show more content…
Even with the rise of oil revenues over the years, Venezuela has been a heavy borrower of international funds majorly to fund its fiscal deficit. More so, in recent times the country has been plundered into widespread and massive political protests, violence and demonstrations. This has also had an effect on the inflation levels of the country which have risen over the time. Chavez’s legacy in the mismanagement of government resources and his inability to potentially integrate with the international community has led to unresolved conflicts to this day. This has affected the country’s ability to have appropriate and useful economic policies which basically show a grim future for the country both socially and
Eventually, this scenario led to a government system majorly dominated by the ruling party led by Chavez. This led to the radicalization of the political system in Venezuela majorly controlled by the political and economic elites which further led to the massive plundering of the country’s funds and resources. This era’s political shortcomings were as a result of Chavez’s unwillingness to engage with dissenting voices which further led to the country’s massive political and social polarization over the time. Consequently, Chavez’s style of ruling did not particularly define a clear political ideology, in fact, the policies could potentially be changed following something he said in a …show more content…
Even with the rise of oil revenues over the years, Venezuela has been a heavy borrower of international funds majorly to fund its fiscal deficit. More so, in recent times the country has been plundered into widespread and massive political protests, violence and demonstrations. This has also had an effect on the inflation levels of the country which have risen over the time. Chavez’s legacy in the mismanagement of government resources and his inability to potentially integrate with the international community has led to unresolved conflicts to this day. This has affected the country’s ability to have appropriate and useful economic policies which basically show a grim future for the country both socially and