Polarized Venezuela heads to the polls this weekend with a punishing recession forecast to rock the ruling Socialists and propel an optimistic opposition to its first legislative majority in 16 years. Founded by the late Hugo Chavez, the Socialists’ long mighty “Chavismo” movement is facing public ire over shortages of goods from medicines to milk and the world’s worst inflation under his successor, President Nicolas Maduro. Defeat for “Chavismo” at Sunday’s vote would give the opposition a major platform to combat Maduro and deal a further blow to Latin America’s left after Argentina swung to the right in last month’s presidential election won by Mauricio Macri. If the opposition coalition wins a majority in Venezuela’s 167-seat National Assembly, it hopes to reduce the Socialists’ hegemony and tackle what it deems mismanagement, corruption and authoritarianism during their nearly 17-year rule.Full Article: Long mighty, 'Chavismo' at risk in Venezuela's election | Reuters.
Dec 4 2015