Explanations for the Current Crisis in Venezuela

Five explanations have been proposed from different political standpoints to explain the root cause of the “humanitarian crisis” in Venezuela: 1.- the unrelenting hostility of internal and external adversaries, leading to international sanctions and threats of military action; 2.- the plummeting of...

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Autor principal: Ellner, Steve
Formato: Artículo publishedVersion Artículo evaluado por pares
Lenguaje:Español
Publicado: Facultad de Ciencias Sociales, Universidad Nacional Mayor de San Marcos 2019
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Acceso en línea:https://revistasinvestigacion.unmsm.edu.pe/index.php/discursos/article/view/17029
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=pe/pe-011&d=article17029oai
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Sumario:Five explanations have been proposed from different political standpoints to explain the root cause of the “humanitarian crisis” in Venezuela: 1.- the unrelenting hostility of internal and external adversaries, leading to international sanctions and threats of military action; 2.- the plummeting of international oil prices, aggravated by the government’s failure to diversify production and sever dependency on petroleum; 3.- mistaken policies that discouraged private investments; 4.- the mismanagement and incompetence of the Maduro government; and 5.- socialism’s inherent contradictions and unsustainability. In this essay, the author examines each explanation and argues that in order to explain the crisis in Venezuela it is necessary to understand the interrelation and context of the four initial explanations. As they are complementary to each other.