‘Things Could Explode’: Why Pressure is Mounting as Venezuela’s Economy Melts Down

Speculation centres on when President Nicolas Maduro will be removed from power

by John Otis

Popular uprising? Recall referendum? Coup d’état?

Venezuela’s economic meltdown has become so dire that few political analysts believe President Nicolas Maduro will manage to finish his term, which ends in 2019.

Instead, their speculation now centres on when and how the leader of Venezuela’s socialist government will be removed from power.

A former bus driver, union organizer, foreign minister and vice-president, Maduro replaced revolutionary leader Hugo Chavez upon his death from cancer in 2013.

Since then, prices for oil, Venezuela’s main export, have tumbled. The currency has collapsed, while expropriations and other socialist policies have led to falling production, the world’s highest inflation rate and chronic shortages of medicine and basic foodstuffs like milk, meat and flour.

Continue Reading at CBC.ca…