The Struggle Of Communism In Venezuela

Luisa Caceres de Arismendi was a heroine of Venezuela's fight for independence. She was recognized for her bravery in confronting the Spanish who attempted to trade her for the surrender of her husband General Juan Bautista Arismendi. In recognition of her loyalty and fight for Venezuela's independence, her remains were entombed in the Panteon Nacional.

Did you know that Venezuela was one of the first colonies to gain their independence from Spain? At the time Venezuela was a Spanish ruled colony and the people of Venezuela felt that their government was ruling their colony terribly (Adelblue). The people were led by Simon Bolivar, whose nickname was “The Liberator” since he liberated Venezuela and worked with San Martin to liberate most of Northern South America (Adelblue). Venezuela declared their independence in 1810 and finally gained their independence after the Battle of Carabobo in 1821 (Minster). Three symbolic elements of the Venezuelan revolution are used to portray Simon Bolivar, the speech Simon gave to the Second National Congress in 1819 to encourage the type of government he had in mind, and the high taxation that was the main cause of the revolution (Ellis and Esler 705).

When Christopher Columbus discovered the coast of Venezuela, he thought he had encountered an earthly paradise, today that grace land is ravaged by famine, inflation, scarcity, violence, social and political conflicts; “social implosion [being] driven by economic collapse, caused by shockingly self-destructive policy making” (Toro, 1). Venezuela’s antidemocratic government and its lack of foresight has created a severe economic crisis crumbling health care system and a lack of basic necessities and is jailing innocent people who object.

In recent years, an increasing number of professors, commentators, journalists, and teens on social media have claimed that capitalism has failed. What usually follows are suggestions to usher in a new wave of socialism, as if the chaos in Venezuela is somehow non-existent or something truly desirable.

The “Bolivarian revolution” revolves around the rise of the leftest movement which started with Hugo Chavez, and soon many other leaders rose to the occasion. The sole purpose of this movement was to help Latin America get rid of dictators and reestablish under Simon Bolivar's ideals of making Latin America not a colony but a nation for the people residing in it. Now that Chavez is dead, I believe that he was able to complete Bolivar's conquest of freeing Latin America. Now that Chavez has passed away, he has left both good and bad implications, but I believe its more good than bad. “The real opposition to Chavez is from the United States which was so angry at the way that he built up a credible alternative to the U.S. idea of free trade with

Venezuela, located in the Latin American region, is a country that has been characterized by its abundance of oil reserve. A natural resource that has shaped the history and development of the country, affecting its economic, social and most important is political spheres. For many years Venezuela was controlled by authoritarian regimes. The country, being very important in the sense of geo-politics due to its abundance of oil, has been a key player in the international arena and most important, to those that for many years kept the country under their regime. It was not until 1958 that Venezuela experienced the change to democracy and a stable democracy was kept between the two main political parties of the time, Accion Democratica (AD)

Irene Rinaldi seems to have accurately fit the conflict of the entire nation of Venezuela within the confines of one cartoon for The New York Times (3). The first figure that confronts us is that of a hand, larger than life, tightly grasping a weapon. This is the chilling portrayal of a nation’s military force aimed at surging masses of its own protesting people. According to Petra Cahill and Laura Saravia

Research Paper: Rough Draft Socialism is a failed experiment on humanity that has been tested many times and seemed to fail almost always. Venezuela is a prime modern day example of the failure of socialism. Venezuelan people are starving and struggling to find stable jobs that they can use to support their families. The economy of Venezuela was in shambles ever since Hugo Chavez commandeered businesses and making them the property of the government when he thought that they were poorly managed.

Venezuela is located on the north coast of South America. It is a very interesting country, since it possesses many unique attributes and resources that other countries in the region do not. There are several different systems that represent these resources and attributes. Major Kris A. Arnold (2006) states “PMESII is (sic) military acronym listed in several joint and service publications, which evolved from a systems perspective, and equates to the political, military, economic, social, infrastructure, and information systems of states. The acronym provides a starting point for identifying key interrelated systems of an adversary and facilitates analysis and kinetic and non-kinetic targeting”. Venezuela is an especially interesting case due to the political system in place, in addition to the unique economic power that the nation has.

With an economy dominated by the production of oil, Venezuela has enjoyed the highest standard of living in Latin America. In spite of its success in the oil industry, agriculture and manufacturing also play important roles in Venezuela’s economy. With this in mind, it would seem as though Venezuela’s economic state has flourished. Rather, it has suffered from the effects of political influence, corruption, and poor economic management. The distribution of wealth across Venezuela has caused the elite to benefit at the cost of the working people. This is mainly due to the economic and political structure of the country. Even with the plentiful resources Venezuela possesses, it is constantly being threatened by political instability,

Venezuela currently has a population of 31 million people. Venezuela is still growing in numbers, and it’s getting harder for the government to provide health care for their people. Venezuela’s population is 1.9 times larger than South America. The country is mainly urban, and the wealth rate is declining. The resources per person needs to be the same, and as of now that’s not the case. Overall fertility rates are failing in Latin America. In 2015 the population was six times the size that it was in 1950, and the United Nations projects that it will be nine time larger by 2050, and still growing at that point, despite the long-term decline in fertility. (Latin America) Although there are many economic crisis in Venezuela, this isn’t preventing them from having children in higher numbers. This could be the shortage of health care.

The oil-rich Bolivarian Republic of Venezuela, located on the northern coast of South America, was for many decades considered among the wealthiest nations in the entire continent. While having the largest proven oil reserves in the world has often proved a tremendous boon for Venezuela, the very black gold that has been the cause of its success has also proven to repeatedly be its kryptonite. Over half of the nation’s Gross Domestic Product stems from petroleum exports – which equates to approximately 95% of total exports. It is really not too hard to imagine what drastic consequences shifts in global oil prices could have on the economy.

The production possibility curve gives an understanding as to one of the reasons for Venezuela’s economic problems. When an economy isn’t reaching its potential, it can be traced back to two main factors. Unemployment and inefficiency. Inefficiency is the primary cause for Venezuela not reaching its potential. Due to changes in world markets the country is producing less than the maximum possible output of goods and services, mainly oil. Due to the government placing the majority of their exports on oil there is less production of other goods that may add value to their economy. Currently, they are at a maximum level of government goods being produced therefore the private sector is at its lowest. The challenge this creates is what is happening to the capital being generated.

Venezuela has the world’s largest oil reserves and by 1960, it became the wealthiest country in Latin America. Petróleos de Venezuela (PDVSA), the state owned company, was the key to economic and social development in Venezuela under president Hugo Chavez. His government was settled in an environment where the oil prices were rising and the economy was booming, so he was able fund social programs and practices that were popular to the poor masses. This wealthy and growing Venezuela made Chavez to be very popular and his regime very powerful. Oil revenue accounted for nearly 90% of exports, more than 50% of government revenue, and 35% of country’s GDP.

The main purpose of the following report is to provide information about the profile of The Bolivarian Republican of Venezuela; in order to study the current situation of the country for further investigations in the future that may help to understand the opportunities and risk involve in importing and opening new markets in Venezuela.