The political and economic situation in Venezuela today is the most difficult one the country has faced since 1999, the year in which Hugo Chavez assumed the presidency.
This situation is occurring within a global economic context, which of course partially explains what is happening: the drop in the prices of raw materials and in Venezuela’s case the fall in oil prices.
But there are many other important factors, because what is at stake is not simply control over Venezuela’s natural resources, but the meaning, the reach, the influence even of Venezuela’s revolutionary democratic experience.
What is at stake is Chavismo’s political capital, and that explains why, together with the brutal attacks on the economy and the new wave of street violence that began on April 1, we have seen attacks on the republic being made in the name of Chavez, such as Attorney General Luisa Ortega has done, as well as some ex-ministers, almost all of whom are conspiring with the right to overthrow the constitutional president, Nicolas Maduro.