The possibility of an open civil war in Venezuela is not shocking. People are tensing up with the International left being reluctant to show solidarity with the Maduro government and the Bolivarian socialist movement. The need to examine what “neutrality” or, allowing the opposition to come to power via an illegal and violent transition, would mean.

  Paul Jay: Now, some of the critique is coming from the left; it’s not all coming from the right or from the elite.  And I guess one of the critiques is: why isn’t there more of a rainy day fund?  You know, when oil was riding high, why wasn’t there more reserves established for […]

  Paul Jay: So there’s elections coming up in Venezuela, September 26, for the National Assembly.  Tell us who controls the National Assembly now in Venezuela and what’s at stake in these elections. Gregory Wilpert: Well, right now the National Assembly is entirely controlled by Chávez supporters.  That’s because the last elections, 2005, the opposition […]

There is little doubt, even among some opposition leaders (who normally oppose just about anything the government does), that the recent currency adjustment of the bolivar was economically necessary.  It is a matter of basic math to realize that if inflation averaged 22% between 2005 and 2009 and each bolivar thereby lost about 72% of […]

November 24, 2008 — This morning Venezuela’s National Electoral Council (CNE) announced that the opposition won in two more states, in Tachira and Carabobo, which had been too close to call last night when the first results had been announced.  Members of Chávez’s PSUV (United Socialist Party of Venezuela) thus won governorships in 17 states, […]

November 23, 2008 — President Hugo Chavez’s governing party, the United Socialist Party of Venezuela (PSUV), got mixed results in the regional and local elections today, winning strongly in 17 out of 23 states, but losing the country’s two most populous states and the Capital District of Caracas, with two more states still to be […]