Wednesday, December 16, 2015

Venezuela Faces Chaos

On December 6 we wrote the opposition had elected a substantial majority in the Venezuelan legislature. At the time we were concerned about the transition:
Now it remains to be seen whether President Maduro will recognize the adverse results and cope with the change, or instigate a coup.
Now comes an article in the Financial Times which indicates the transition will be anything but smooth, and doesn't rule out a coup. President Maduro is quoted as saying
This is no time for cohabitation or coexistence with the bourgeoisie.
Old Marxists like Maduro are truly repellant toads. If you follow Latin America, read what FT says about the troubles in Venezuela.