October 31, 2009

Ten Years of ‘Bolivarian Socialism’ in Venezuela

Posted in Class Struggle, Communism, Latin America tagged , , , , , , , at 09:25 by Matthijs Krul

Hugo Chávez Frías, the current President of Venezuela, was first elected to this office in 1998 and was inaugurated in 1999, now ten years ago.

He had already been a remarkable figure on the Venezolan political scene after having attempted a leftist military coup against the government of Carlos Andrés Pérez. In those days, the oil kleptocracy of Pérez failed and a series of riots by the poor majority of Venezolans, the so-called ‘Caracazo’, destabilized the government. Pérez had been a self-styled social-democrat, but had submitted his country to the liberal rule and ‘reforms’ of the International Monetary Fund, which disappropriated the people of their public goods and bled dry the urban population by abandoning the policies of gasoline subsidy. As a result, the Caracazo erupted and the army intervened to violently repress the revolts against this organized comprador thievery and the umpteenth case of betrayal by social-democracy. Progressive sections of the military, led by Chávez, attempted a coup against Pérez. The coup failed and Chávez was imprisoned, but Pérez was removed from office and his successor freed the coup perpetrators.

In 1998, Chávez’s new “Fifth Republic Movement” (MVR) obtained an absolute majority of votes in the Presidential elections, with Chávez himself as the candidate, defeating the rightist American-trained economist Henrique Salas Römer. Read the rest of this entry »


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