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  • Venezuela is the 10th largest oil producer in the world, but unlike the other nine, the

  • country is rapidly headed for total collapse.

  • It has been marked as the most miserable economy in the world, and protests against the President,

  • Nicolas Maduro, have become a common fixture.

  • So, why does Venezuela hate its president?

  • Well, originally, Maduro worked as a bus driver before entering the world of politics as a

  • supporter of Hugo Chavez, Venezuela’s charismatic and controversial former president.

  • After rising in the ranks over the course of more than two decades, Maduro was named

  • as Chavez’s Vice President in 2012.

  • The following year, Chavez died battling cancer, making Maduro the new president.

  • Immediately, he mobilized the entire military and police force around the country to quote

  • guarantee the peace”.

  • One month later, Maduro won the snap presidential election by a narrow margin.

  • From then on, Maduro’s actions as president have received extraordinary criticism.

  • With roughly 95% of the country’s export earnings coming from oil, the drop in oil

  • prices around 2014 caused Venezuela to struggle to provide its citizens with enough energy,

  • goods, and protection.

  • Rampant inflation, strict rationing, rolling blackouts, and violent rioting has destroyed

  • the country from within.

  • However, Maduro has refused help from other countries, and instead blamed the United States

  • for attempting to orchestrate a power grab.

  • Most unsettlingly, the President has repeatedly institutedrule by decree”, which effectively

  • allows him to create new laws without any checks or balances, akin to a dictator or

  • king.

  • He has also expanded the role of the military, and in 2016 appointed the defense minister

  • in charge of economic oversight, including pharmacies, food, commercial distribution,

  • and management of the country’s ports.

  • This move has been likened to the power structure of Fidel Castro’s Cuba, and military dictatorships

  • overall.

  • As a result of these issues, protests have arisen around the country, which Venezuelan

  • police and soldiers have responded to by using live ammunition and torture, sparking significant

  • concerns from human rights organizations.

  • And despite the increased military presence, crime is still rampant country-wide.

  • Venezuela’s capital, Caracas [Kuh-RAH-Cus], is considered one of the most dangerous cities

  • in the world, and the country itself saw roughly 18,000 murders in 2015.

  • But part of the problem is that police are generally unaccountable, and some statistics

  • show that they themselves commit one in five crimes.

  • As of 2016, Venezuelans have attempted to hold a referendum to remove Maduro from office.

  • But despite collecting enough signatures to hold the vote, the country’s National Electoral

  • Council, which is in charge of organizing elections, has postponed the vote multiple

  • times.

  • They allege either voter fraud or conspiracy against the President, and in October 2016

  • the council ultimately suspended the referendum outright.

  • Many of the concerns surrounding Maduro echo those of his predecessor, Chavez.

  • Chavez was criticized for being overtly wasteful with state resources during its long-oil boom,

  • and Maduro has continued many of his policies at a time when oil prices have collapsed.

  • While the country struggles without sufficient food, water, or power, world leaders are calling

  • for the referendum to occur, and for Maduro to end his dictatorial reign.

  • A poll from late 2016 found that 84% of Venezuelans want the President removed from office.

  • The suspension of the referendum has been called unconstitutional, but with the President

  • unilaterally controlling the government, and elections as well, it may be a while before

  • Venezuela sees a new president.

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  • As Venezuelans fight to remove Maduro from office, the country’s economic crisis continues

  • to impact the lives of its people.

  • So how exactly has this failing economy shaped life in Venezuela?

  • Find out in this video.

  • Basic goods like food, water and medicine have become increasingly difficult to find.

  • This is in part due to the government's strict rationing system, which is designed to prevent

  • patrons from stockpiling goods before inflation drives the prices up.

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Venezuela is the 10th largest oil producer in the world, but unlike the other nine, the

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