Venezuela

Protesters in working-class western Caracas hijacked trucks belonging to Venezuela’s number one private food chain, Polar, on February 18, demanding the company cease hoarding essential goods. The Polar food and beverage conglomerate is Venezuela’s largest private food provider, selling a range of products from beer to corn flour. But its owner, millionaire businessman Lorenzo Mendoza, has been consistently embroiled in scandal.

A whole packet of new economic initiatives are set to take effect in Venezuela after socialist President Nicolas Maduro announced a series of far-reaching measures in response to the country’s economic crisis on February 17. In a televised five hour address to the nation, Maduro explained the extent of the economic crisis afflicting the country as well as his government’s plan to tackle it. Economic initiatives include changes to the country’s multi-tiered exchange rate, an increase in domestic petrol prices, a new tax system and expansion of community control over food distribution.

The 2016 summit of the Community of Latin American and Caribbean States (CELAC) began on January 26 with the meeting of foreign ministers and chancellors of the Latin American nations at the headquarters of the Union of South American Nations (UNASUR) in Mitad del Mundo, Quito, Ecuador. CELAC, a regional body involving all nations in the Americas except for the United States and Canada, was officially created in Caracas in 2011 under the leadership of then-Venezuelan president Hugo Chavez.

Venezuela's President Nicolas Maduro has announced the establishment of a committee to oversee the creation of a revolutionary assembly on January 23. The assembly will bring together the country's progressive social movements and socialist politicians to reinvigorate the Bolivarian revolution, Maduro said. Maduro oversaw the first meeting of an interim committee, which will lead to the creation of the broader people's congress, being called the Congress of the Homeland. About 100 people were sworn-in to the committee.

Two recent events — the victory of right-wing candidate Mauricio Macri in Argentina's presidential election in November and the win by Venezuela's right-wing Democratic Unity Roundtable in the December National Assembly elections — have radically altered South America's political map.

Venezuela's rate of extreme poverty has continued to decline despite what the government has described as an “economic war” by right-wing opposition-aligned business sectors. TeleSUR English said on January 17 that the latest official figures showed about 4.78% of Venezuelans now live in extreme poverty. That figure is slightly lower than those reported in November, which put the extreme poverty rate at 4.9%.

In the aftermath of Venezuela's right-wing US-backed opposition securing its electoral win over President Nicolas Maduro's United Socialist Party of Venezuela (PSUV) in the December 6 National Assembly elections, the South American country is heading for two confrontations, each reinforcing the other — a political and an economic one. The future is very uncertain.

Facing possible austerity and a return to neoliberalism at the hands of a right-wing parliament, will the millions involved in Venezuela's Bolivarian revolution that has cut poverty and empowered the poor radicalise further and protect their 15 years of gains? Or will this be the blow that finally dampens their revolutionary joy and collective ambition?

On December 6, Venezuela held its 20th election in 17 years and one of its most difficult yet. With the opposition upping the ante in terms of media attacks and sabotage, 2.5 years of economic difficulties and since the passing of revolutionary leader Hugo Chavez, not to mention a recent right-wing victory in Argentina, the left and right around the world turned anxious eyes to Venezuela.

Venezuela's Bolivarian Revolution will face its toughest challenge yet this Sunday, when voters go to the polls to elect a new National Assembly. Amid an economic crisis marked by currency instability and inflation, many Venezuelans are understandably going to be thinking hard before casting what would be seen as a vote in support of President Nicolás Maduro.

Campaigning began in Venezuela on November 13 ahead of crucial National Assembly elections next month. The vote will see the socialists supporting the Bolivarian Revolution, backed by President Nicolas Maduro, against the right-wing US-funded opposition amid ongoing tensions and economic problems. From November 13 through to December 3, candidates from the ruling and opposition coalitions will be allowed to canvass for votes by public appearances, leaflets and on regional and national media.

Women are crucial to the Bolivarian process and will play a vital role in Venezuela's national elections next month, legislator and candidate for the governing United Socialist Party of Venezuela (PSUV) Tania Diaz told TeleSUR.