Chavez Successors Out in Venezuela

The-Worlds-Worst-Economies

The opposition in Venezuela won the Congressional midterm elections in Venezuela yesterday.  That is no surprise as the government of Nicolas Maduro has overseen an economy that has to be compared to North Korea in terms of folly.  At the beginning of this year the Catholic bishops of Venezuela released a document, read it here, that described the appalling state of their country.  That the government of Venezuela admitted losing the elections does surprise me:

Venezuelan President Nicolás Maduro on Monday called on followers to “peacefully” accept a dramatic defeat in this weekend’s critical legislative race and vowed to learn from the rare electoral setback.

The opposition coalition won 99 seats in the National Assembly versus the ruling party’s 46, the National Electoral Council announced early Monday. Some 19 deputy slots and three seats reserved for indigenous members were too close to call.

 

The result is seen as a major blow to the country’s socialist administration, which has controlled all branches of government for more than 15 years.

In a speech before cabinet ministers, Maduro said he was more committed than ever to the “Bolivarian Revolution” first launched by late President Hugo Chávez when he first took office in 1999.

 

“This isn’t time to cry, it’s time to fight,” Maduro said, “and reinvent ourselves — to recognize our errors and find solutions…It’s time for a rebirth from our difficulties.”

Fireworks went off in eastern Caracas as the results were announced. The head of the coalition, Jesús Torrealba, reassured government sympathizers that the opposition wasn’t going to dismantle social programs or seek revenge.

Venezuela “can rest assured that we’ll know how to manage this victory,” he said. “It’s a victory that belongs to everyone.”

 

 

 

 

Go here to read the rest.

 

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3 Comments

  1. This will certainly come up in our elections as we must either realize the folly of the “super state” as our nanny, or perish as a free nation.
    There is hope, however, that even in Marxist Venezuela, men were able (allowed?) to reverse their course of destruction. Now we need to “hope” for the “change’ that the leftists have wrought on America, with our support and foolhardiness.

  2. I don’t have much hope for the Venezuelan or the American people. The VZ Congress may be stymied by the regime, the army, and street guerrillas. Same same America (Constitution, laws, and regulations are set by Obama whims). Both are dictatorships masquerading as democracies.

  3. I think Maduro has another 4 or 5 years left on his term. Not hoping for much, here. They’ll be able to impede some of the regime’s worst features.

    If the Chilean experience is any guide, it takes a capable batch of policy-makers 10 or 12 years to sort out a comprehensively dysfunctional political economy, although I think Brazil did succeed in implementing some incremental improvements. Venezuela has been badly mismanaged for four decades. It’ll take time and attention to repair that.

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