Region:
America
Category:
Politics

Venezuelan President Nicolas Maduro to celebrate second term as crisis deepens

  • With his country in crisis, Venezuelan President Nicolas Maduro begins another six-year term
    A dozen Latin American governments and Canada in a coalition have rejected the legitimacy of Maduro’s next term, and Washington has sanctioned top officials in his government, but Cuba’s President Miguel Diaz-Canel and Bolivian President Evo Morales were coming to Caracas to show their support. With his country in crisis, Venezuelan President Nicolas Maduro begins another six-year term
Region:
America
Category:
Politics
Publication date:
Print article

Venezuelan President Nicolas Maduro will be sworn into a second term Thursday amid international calls for him to step down and a devastating economic crisis, but with some long-time friends in attendance both from abroad and at home.

A dozen Latin American governments and Canada in a coalition have rejected the legitimacy of Maduro’s next term, and Washington has sanctioned top officials in his government, but Cuba’s President Miguel Diaz-Canel and Bolivian President Evo Morales were coming to Caracas to show their support.

And while Maduro’s popularity has plunged amid scarcities, hyperinflation and rising authoritarianism that have sparked a mass emigration, supporters who receive government subsidies in shantytowns continue to back the man who took over for the late Hugo Chavez.

“It’s not the president’s fault,” said Frances Velazquez, a 43-year-old mother of two who survives on government-subsidized boxes of rice, flour and cooking oil. Velazquez blamed opportunists who drive up the prices on scarce items making life difficult for families like hers.

Others, like construction worker Ramon Bermudez, have lost hope of escaping Maduro’s rule and planned on hunkering down at home for the inauguration.

“All that’s left to do is raise your hand to heaven and ask God to help us,” said Bermudez, camped out on a Caracas sidewalk with hundreds of others waiting for gas. “There’s nothing more.”

Maduro’s second term will extend Venezuela’s socialist revolution amid widespread complaints that he has stripped Venezuela of its last vestiges of democracy.

Maduro denies that he’s a dictator and often blames President Donald Trump of leading an economic war against Venezuela that’s destroying the country.

“Not before, not now, nor will there ever be a dictatorship in Venezuela,” Maduro said in a Wednesday news conference.

Oil-rich Venezuela was once among Latin America’s wealthiest nations. It produced 3.5 million barrels of crude daily when Chavez took power. Output now has plummeted to less than a third of that. Critics blame years of rampant corruption and mismanagement of the state-run oil firm PDVSA.

The economic collapse has left the nation of roughly 30 million in the throes of a historic crisis.

An estimated 2.3 million Venezuelans have fled their nation’s hyperinflation, food and medical shortages over the last two years, according to the United Nations. Those remaining live on a monthly minimum wage equal to less than $5 and falling daily.

Venezuela’s splintered opposition movement has failed to counter the socialist party’s dominance. Maduro’s government has jailed or driven into exile its most popular leaders.