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How Venezuela Exploded

Linette Lopez   

How Venezuela Exploded
Finance1 min read

Venezuela protester

REUTERS/Jorge Silva

An anti-government protester sets up a barricade next to a burning kiosk during a protest at Altamira square in Caracas March 9, 2014. Latin American foreign ministers will meet next week to discuss the unrest in Venezuela that has left at least 20 dead and convulsed the South American OPEC nation, diplomatic sources said on Friday.

Last month Venezuela exploded, as discontent with the Socialist government that has ruled the country for more than a decade reached a boiling point.

You can blame food shortages and inflation; you can blame joblessness and corruption. Ultimately, though, these problems have been compounded by the fact that Hugo Chavez is dead, and his party - The United Socialist Party of Venezuela - lacks the legitimacy he gave it in life.

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