Venezuela: The Struggle Continues

What is the future for Venezuela in the face of continued US sanctions? John Wight is joined by Jorge Martin from Hands Off Venezuela, to discuss the significance of President Maduro's re-election in a socialist nation struggling to stand against the powers of western imperialism...

With the US, Canada, and EU refusing to recognize the re-election of Nicolas Maduro as Venezuelan President, joined by 14 fellow Latin American governments under the rubric of the Lima Group in alleging electoral fraud, Maduro's problems may be about to intensify rather than lessen with his victory.

What cannot be refuted is that given the scale of the economic crisis that has engulfed the country — a sharp drop in oil prices, hyper-inflation, shortages, and mass emigration — Maduro's election victory is a testament to the political consciousness of the Venezuelan people after almost two decades of a Bolivarian revolutionary process begun by the late Hugo Chavez.

How long can it last under such grievous conditions and with such inordinate external pressure being arrayed against it, the key question is how long it can survive without beginning to emerge from this economic collapse.

'Socialism builds and capitalism destroys,' Hugo Chavez once said. What cannot be gainsaid is that in 2018 capitalism is trying to destroy the Bolivarian Revolution.

Hard Facts is out every Wednesday. You can join in the conversation here.

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