Thousands of Venezuelans protested Thursday against proposed legislation that critics say would privatize the country's public housing sector, while President Nicolas Maduro said he himself hopes to move into a public housing unit.
The economic initiatives include changes to the country’s multi-tiered exchange rate, a rise in the domestic price of gasoline, the implementation of a new tax system, and placing more power over food distribution in the hands of organised communities.
Venezuela’s opposition-controlled National Assembly agreed Tuesday to recognize a Supreme Court (TSJ) ruling temporarily suspending four representatives from Amazonas state pending investigation into alleged electoral irregularities. Opposition legislators also introduced a law to privatize the country's Great Venezuelan Housing Mission.
Venezuelan President Nicolas Maduro announced today several steps to “protect the achievements of the revolution” in light of the 2/3 majority secured yesterday by the country's opposition, including a full cabinet shakeup.
In spite of the testing circumstances, a strong sector of Venezuelans have not turned their back Chavismo, citing the advances of the revolution and the necessity of pushing ahead to build real socialism.
Greg Wilpert continues in his analysis of Sunday's National Assembly elections, noting that despite the current economic crisis the ruling socialist party has several factors in its favor, including its ongoing committment to social programs, a weak and divided opposition, and support from social movements.
By Joe Emersberger – Venezuelanalysis.com , Nov 30th 2015
Political analyst Joe Emersberger dissects a new study claiming that income poverty in Venezuela has reached an historic high of 73%, demonstrating that such a figure is incompatible with statistics proffered by the IMF and Bank of America.