CRHeel94
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Vital elections to take place in Venezuela tomorrow?
Why are they important?
Why are they important?
- Maduro has been in power since 2013. He extends the same regime line of Hugo Chavez who took power in 1999. So we're talking almost 25 years of populist rule. During that time the Venezuela economy has cratered, squandering its incredible oil wealth.
- During that time, Venezuela has bankrolled pretty much every leftist regime in Latin America, propping up several strongmen during that time with oil money. In the past years Venezuela has cozied up to Russia for geopolitical purposes. Also, China has bailed out Venezuela economically to the point that it has taken equity in several state companies.
- Its also speculated that Maduro has been allied with the drug cartels and facilitates their operations to the US and Europe.
Why Venezuela's presidential election should matter to the rest of the world
Venezuelans have a crucial decision ahead of them. On Sunday, they decide whether to give President Nicolas Maduro a third six-year term in office or to allow the opposition a chance to deliver on their promise to undo the policies that caused economic collapse and forced millions to emigrate.
apnews.com
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