Venezuela
Repression by the country’s socialist rulers is intensifying and must be thwarted
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Repression by the country’s socialist rulers is intensifying and must be thwarted
The Bolivarian Republic of Venezuela is a country in northern South America, bordered by Colombia, Brazil, and Guyana. It separated from the Spanish Empire in 1830, becoming a sovereign country and abolishing slavery in 1854. The economy transitioned from agriculture to oil exportation in the 20th century after the discovery of the world's largest oil reserves. A boom after the 1973 oil crisis spurred high public spending but falling oil prices in the 1980s led to austerity measures. Hugo Chávez was elected president in 1998, initiating the Bolivarian revolution based on economic independence, anti-corruption and social welfare. Nicolas Maduro succeeded Chavez in 2013 and has overseen rampant inflation, a constitutional crisis and high crime and violence. In 2023 a longstanding territorial dispute with Guyana over the oil-rich Essequibo region reignited.