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Excellent article that explains the economic collapse but does not explain why Chavez came into power.

I lived and worked in Venezuela in the mid 70s. It was a lovely nation with the highest standard of living in South America. Virtually all government institutions were corrupt. This corruption expressed its self in disgust for the government. A gifted populist speaker Chavez was able to parley this anger into a legitimate electoral victory. He also won a second election but the legitimacy of that election is in doubt. I think he actually lost. The electoral process was not honest.

Without doubt his anointed successor, Maduro did not win his election. It was totally 100% fraudulent. The people of Venezuela did not elect Maduro. A corrupt election process instilled Maduro as President.

Chavez was a Marxist and quickly went to work stacking the Supreme Court so he could pass any laws he desired. At that point Venezuela was doomed.

When I lived in Venezuela I could go to the super market and buy anything I wanted at a good price. Today people beg for bread.

Today Venezuela is nothing but Marxist tyranny and the corruption far exceeds the corruption of the past.

ps
The original Constitution of Venezuela was modeled on the Constitution of the United States. There was one fatal error in that Constitution. It did not have the second amendment. For this error the people of Venezuela suffer and fear their government. Their fear is most justified.