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World News
03 November 2024

Venezuela Faces Deepening Political And Economic Crisis

Political unrest, economic collapse, and rampant corruption spur mass migration and humanitarian challenges

Venezuela is currently facing one of the gravest crises it has ever experienced, marked by political turmoil, economic instability, and widespread social unrest. The situation has only worsened since the controversial presidential election held in July, leading to significant ramifications for its citizens and the international community.

On November 2, 2024, Venezuela’s National Assembly took steps to reinforce the country’s complex political structure by appointing new representatives within the Citizen Branch, which oversees law compliance among citizens and government officials. This assembly ratified Attorney General Tarek William Saab and Ombudsman Alfredo Ruiz for new seven-year terms and appointed Gustavo Vizcaíno as Comptroller, replacing Jhosnel Peraza Machado.

Saab, who has held his position since 2017, has been pivotal in addressing corruption within the government. Under his leadership, important investigations emerged, particularly focusing on public administration. For example, recent corruption cases linked to the Great Housing Mission and the state-owned oil company PDVSA underscored systemic failings as billions of dollars went unaccounted for, attributing the crisis to years of mismanagement and theft.

Meanwhile, the aftermath of the July elections has seen Maduro's regime tighten its grip as it lashes out against opposition figures. Edmundo González was declared the rightful winner of the election, but Maduro’s government has refused to acknowledge this, declaring him persona non grata. The opposition leader has since fled to Spain to avoid persecution, aligning himself with other exiles who have faced similar fates.

During these turbulent times, the Venezuelan population has continued to bleed out, with millions fleeing the country due to poor living conditions, food shortages, and increased violence. A report by CBS News highlighted how the Venezuelan exodus has accelerated, underlining the harsh realities many face. Nearly 8 million people have left the nation since 2014, increasing pressure on neighboring countries and sparking debates over the international community's responsibility to assist these refugees.

The human crises stemming from this political turmoil are dire. Families like the Orasma family, highlighted by The Washington Post, exemplify the lengths to which citizens must go to seek safety—a theme echoed throughout the news narrative. When Ingrid Orasma decided to leave her home and pursue the treacherous path to the United States, she did so out of desperation. The collapse of Venezuela's economy, driven by decades of high inflation and corruption, left many without viable options. She recounted, “No one really wants to leave their country. But when you walk through the exit, it’s because you aren’t looking back.”

Unfortunately, stories like Ingrid's are not unique. Over the years, evidence has piled up showing how the once-thriving Venezuelan oil sector has deteriorated. From the high prices seen under Hugo Chávez’s rule to the current crises under Maduro's leadership, the narrative details how corruption and incompetence have placed the country on a precarious edge. Experts refer to this as the “resource curse” — where vast oil reserves lead to mismanagement rather than prosperity.

Further complicate the situation are recent international tensions. Saab garnered international attention with inflammatory statements accusing Brazilian President Lula da Silva of being “captured by the CIA.” Such comments not only alienate potential allies but also reflect the challenges of Venezuela's fragile diplomatic relations with neighboring countries. The fallout from these relations is particularly impactful, considering Brazil's decision to veto Venezuela's entry to the BRICS group earlier this year, exacerbated by tensions surrounding Maduro's regime.

The government’s grasp of power appears more tenuous as opposition members like María Corina Machado remain active but elusive, having to navigate personal threats to their safety. Political repression is rampant, with accusations of terrorism lurking over opposition figures who refuse to conform to the regime's narrative. Reports have noted black “X” markings appearing on the homes of Maduro’s opponents, signifying threats against those resisting the government.

To comprehend the depth of Venezuela's crisis, one must witness not just the political arena but feel the economic strain impacting each facet of life. The current inflation rate is unfathomable—reaching levels of 300,000%, forcing many citizens to barter for goods, as currency has become nearly worthless. The situation has led to famine-like conditions for many. Families often go for days without enough food, reflecting the immense suffering felt across the nation.

Bringing this precarious situation to light, human rights organizations continue to document the injustices being faced by Venezuelans. With reports highlighting severe human rights violations, including arbitrary detentions, torture, and state-sanctioned violence, the urgency for international awareness and action is greater than ever. Mendoza describes the crisis as so extreme it has become the largest migration crisis globally, with intercepting oppression and poverty forcing families like the Orasmas to gamble their lives for the possibility of safety.

Many fleeing migrants share their harrowing stories of traversing dangerous border territories, such as the perilous Darién Gap, where many have lost their lives to harsh conditions. Reports detail those desperately escaping tyranny, risking everything for the hope of reaching neighboring countries, seeking asylum or refuge, often at the mercy of smugglers and unlawful authorities.

Venezuela’s political and economic crisis serves as not only a mirror reflecting national failures but as a clarion call for the global community. The forthcoming months remain uncertain, and as Venezuelans continue seeking relief from authoritarianism and economic breakdown, their plight serves as both tragic and pressing, urging immediate attention from all corners of the world.