Danielh Levine News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sunday, February 21, 2021 Nicola Maduro By  Jon Miltimore  Early in 2007, after winning a second six-year term as president, Hugo Chávez announced his plan to nationalize Venezuela’s largest telecommunications company, CANTV, hinting at wider nationalization plans to come. “All that was privatized, let it be nationalized,” announced Chávez, who had run under the banner of democratic socialism. Nearly a decade and a half later, on the brink of mass famine and a growing energy crisis, Venezuela is now moving in the opposite direction. Bloomberg News, Venezuelan president Nicolás...

Bloomberg News reports that Venezuelan president Nicolás Maduro has quietly begun transferring state assets back into the hands of private owners in an effort to reverse Venezuela's economic collapse. “Saddled with hundreds of failed state companies in an economy barreling over a cliff, the Venezuelan government is abandoning socialist doctrine by offloading key enterprises to private investors, offering profit in exchange for a share of revenue or products,” write Caracas-based journalists Fabiola Zerpa and Nicolle Yapur.

In the late-1970s, Daniel H. Levine concluded that “ Venezuelans have achieved one of the few stable competitive political orders in Latin America”. But democracy cannot be taken for granted: on December 6, 2020, and after a major political decay, Venezuelan authoritarian ruler, Nicolás Maduro, held a parliamentary election that has been considered fraudulent by several countries. Venezuelan political decay has evolved at an astonishing pace. When Hugo Chavez -a former military, and an authoritarian and populist leader- was elected president in December 1998, according to V-Dem, Venezuel...