Venezuelan President Nicolas Maduro announced the creation of a National Productive Corporation on February 22, as part of a new socialist enterprise system aimed at coordinating efforts among existing state, communal and mixed firms. Speaking from the Ana Maria Campo Petrochemical Complex in Zulia state, the socialist leader said the new entity would be tasked with unifying the more than 1000 public enterprises in a “single vision of planning, management, productivity, and maximum efficiency”.
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.
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.
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.
Workers from Venezuela's 'housing mission', which is building large numbers of public housing, march on Venezuela's independence day, July 5. Photo from Venezuela Analysis. Venezuela's Bolivarian revolution has transformed the country since the rise to power of late socialist president Hugo Chavez in 1998 on a platform of tackling poverty and promoting participatory democracy.
Condolences and tributes to legendary revolutionary and champion of women’s rights Nora Castaneda have been pouring in from across Venezuela after news of the activist’s death on May 16. An economist, university lecturer and much-loved revolutionary, Castaneda is renowned for having founded and presided over Venezuela’s internationally celebrated Women’s Development Bank, “Banmujer” since 2001. She was also one of the chief protagonists of Venezuela's working-class women’s movement that emerged in the 1980s.
It is a point of honour for the Venezuelan government that despite the sharp plunge in oil prices and acute shortages of goods, President Nicolas Maduro has ruled out austerity measures. In a recent TV interview with former vice president Jose Vicente Rangel, Venezuelan Central Bank president Nelson Merentes explained why, saying: “Do you remember what happened on February 27, 1989?”