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Venezuelan Parliament Blocks Emergency Economic Decree

Venezuela’s National Assembly. (AFP)

Venezuela’s opposition-controlled National Assembly rejected Friday an emergency economic decree that would have granted President Nicolas Maduro special powers to confront the country’s worsening economic crisis.

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How Bad is Venezuela's Economic Situation?

(AVN)

Ryan Mallett-Outtrim runs readers through an indepth breakdown of the current economic situation in Venezuela. He argues that despite the dire outlook, not all is lost.

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Venezuelan Central Bank Releases Inflation Data after Year-Long Gap

Accumulated inflation rates for 2014 and 2015. (Venezuelan Central Bank)

The Venezuelan Central Bank has released data relating to the country’s debt and accumulated inflation rates after keeping the numbers under wraps since December 2014, on the grounds that the country is at war.

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Venezuela: December 6 Parliamentary Elections - The Bolivarian Revolution's Most Difficult Challenge

"Chavez lives" (EFE)

In Defence of Marxism's Jorge Martin argues that the Bolivarian Revolution has reached a critical turning point and that it must fundamentally break with capitalism if it is to be salvaged. 

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Ernesto Villegas: Bachaqueo is the Free Market in its Worst Dimension

Ernesto Villegas (Photo: AVN)

The renowned Venezuelan journalist and politician Eneresto Villegas discusses bachaqueo, or the widespread practice of reselling food items, from a Marxist perspective.

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It is Necessary to Contextualize the Pragmatic and Populist Policies of the Chavista Government: An Interview with Steve Ellner

Steve Ellner is a well-known analyst of Venezuelan and Latin American politics and is a retired professor at the Universidad de

In the first section of this two-part interview, academic Steve Ellner discusses the recent charges of populism and pragmatism levelled at the Maduro-led government within the broader context of Chavista strategy vis-a-vis private sector business interests and the transition to socialism as a whole.

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Venezuela Makes Debt Payment Despite Talk of Default

President Nicolas Maduro made the debt announcement on Monday during a meeting in the presidential palace March 16, 2015 (Photo:

The government of Venezuela serviced its debt with a US$1 billion payment Monday, debunking myths that the country is on the verge of a default.

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Extreme Poverty in Venezuela Drops to Record Low

More than 36,000 Venezuelans escaped extreme poverty in 2014. (AVN)

The level of extreme poverty in Venezuela dropped to a record low of 5.4 percent in 2015, Social Development Minister Hector Rodriguez said Monday.

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Venezuela Continues to be Chavista, According to New Poll

(CorreodelOrinoco)

The poll also highlighted that 57% of citizens have faith in President Nicolas Maduro's capacity to improve the economy, while a substantial 80% of those questioned believe that human rights are guaranteed in the country.

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Venezuela: Heinz Dieterich the Prophet of Doom – Or how not to save the Bolivarian Revolution

Maduro during the April 2013 elections (In Defence of Marxism)

Alan Woods responds to an article published by Heinz Dieterich on the Venezuelan leftwing website Aporrea, in which the German academic claims that 2015 will be the Maduro government´s last year in office.

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