Venezuelan president’s latest blunder may be ‘the beginning of the end’ for ‘Chavismo’

CNBC-01Venezuelan President Nicolas Maduro may have finally gone too far, and now even some allies are turning against him.

Maduro and Venezuela’s top court on Saturday walked back an earlier attempt to strip Venezuela’s legislature of its powers, after the moved sparked massive outrage both at home and abroad.

“The ruling — and the reaction it generated — underlined the fragmentations within the ruling party. These fragmentations are also seen within Chavismo and within the armed forces,” said Diego Moya-Ocampos, principal political risk analyst at IHS Markit.

“Chavismo” refers to the political movement founded by Maduro’s predecessor, leftist strongman Hugo Chavez, whose mismanagement of the Venezuelan economy left the country with staggering inflation and many of its people with too little to eat. Maduro has followed on Chavez’s legacy by stifling dissent and steadily accumulating power to the executive branch. …



Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Subscribe to our newsletter!

Latest Tweets by @IASecurity

Videos Featuring Our Experts

Kingpins and corruption: Targeting transnational organized crime in the Americas Roger Noriega on the Crisis in Venezuela: The world's response | IN 60 SECONDS

Venezuelan crisis: A brief history by Roger Noriega | IN 60 SECONDS

WAC Philadelphia: Latin America’s Role in 2017 and Beyond, feat. José R. Cárdenas

Promo for CNN's AC360°: "Passports in the shadows", feat. Roger Noriega

Ambassador Roger Noriega on PBS NewsHour discussing U.S.-Mexico relations under Trump

José Cárdenas Interview with Opinion Journal: "Hungry in Venezuela"

Ambassador Noriega Analyzes President Obama’s visit to Cuba on PBS’ ‘Newshour’


During the last several decades, the United States has invested billions of dollars in trying to help the governments of Latin America and the Caribbean deliver better lives for their citizens. This has meant helping them increase internal security by combating the illicit growing and trafficking in narcotics and the activities of terrorist groups, as well as helping them to shore up their democratic and free market institutions.

Unfortunately, in recent years, continued progress in these areas has been threatened, not least by the elections of radical populist governments in Venezuela, Bolivia, and Ecuador. These governments have instituted retrograde agendas that include the propagation of class warfare, state domination of the economy, assaults on private property, anti-Americanism, support for such international pariahs as Iran, and lackluster support for regional counter-terrorism and counter-narcotics initiatives.

We are a group of concerned policy experts that fear the results of these destructive agendas for individual freedom, prosperity, and the well-being of the peoples of the region. Our goal is to inform American policymakers and American and international public opinion of the dangers of these radical populist regimes to inter-American security.