Commentary: Venezuela’s collapse has happened – By Melanius Alphonse

Commentary: Venezuela’s collapse has happened

Published on February 15, 2016 – By Melanius Alphonse

Hit hard by 75% plummeting crude oil prices over the last 19 months has been catastrophic for Venezuela. This is compounded by President Nicolás Maduro’s bad macroeconomic policy, socialist idiocy to placate the population, with phony hegemony that likewise buys friends and socialist regimes.

Melanius Alphonse

Since January, and following a decisive victory, the opposition Democratic Unity took 109 seats and now controls 65% in Congress. Opposition politician Henry Ramos Allup, a lawyer, four-term congressman and current Speaker of the National Assembly, who is 72 years old, presides over Venezuela’s single-chamber legislature, is seeking a democratic path to oust President Nicolás Maduro.

Ramos Allup being the leader of the Social Democratic Action Party comes with concern to us. A member of Venezuela’s “old guard” that alternated in power for four decades before President Hugo Chavez was elected president in 1998.   

“We represent an alternative. We are not going to be anti-establishment, rather an autonomous legislative power. We ask people to watch us, to demand more of us, and keep an eye on what we do to make sure we honour our commitment.”  [Read more]

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  • Norman Tewarie  On 02/16/2016 at 11:15 am

    This proves what my grand mother used to say “God is not a Bhajan”

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