Venezuela’s History FROM When Hugo Chávez Became President: Delinquency

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Historically, Venezuela has been a considerably rich country. For instance, in the work of Cannon (2008), it is noted that Venezuela was among the richest countries in the world. All citizens experienced this richness because the population in late 18th Century and early 19th Century was considerably small. The country made an effort to buy slaves from Africa leading to over 100,000 slaves entering Venezuela. The population increased but these slaves were humiliated and stigmatized. As the population increased, the number of Venezuelans living in abject poverty increased rapidly. A large majority of income from oil and natural gas among other vast resources
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Chávez is known to blatantly attack the rich elites and privileged in the society (Cannon 2008, 731-732). Chávez has made it clear that his intention is to bring equality and has ensured that Venezuelans that linger in poverty are uplifted to better standards through multivariate intervention mechanisms that improve their social lives. This has created a class-based polarization whereby the rich in Venezuela are unappreciated and unmotivated. This makes it hard for investors to create a healthy business environment because policies enacted under Hugo Chávez tend to polarize the country based on the class individuals fall into. This becomes a leadership issue because rules and regulations are drawn based on an individualistic ideology on his “21st century socialism” slogan (Gott 2013, 22).
Chávez is famously known for his bullying habit (Gott 2013). For instance, the media and human rights groups in Venezuela ordinarily complain of infringement of freedom of press by the president and his government. Chávez is noted to use vulgar language on press and attack freedom of Venezuelan press. One of the most prominent attacks on freedom of press is the issuance of a foreclosure order for television networks showcasing a white’s only content (Gott 2013). This issue sparked public outrage and protests.
According to the word of Rory Carroll as cited in Gott (2008), anyone who appeared to resist him

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