Venezuela’s Recovery from Austerity: The Successful Outcomes of the Bolivarian Revolution

by Kurt B.

The war against global capitalism and American imperialism has been a long and bloody struggle for those feeling the oppression and exploitation in the developing world.  For those countries which share a close proximity to the United States, the creation or adoption of counter-ideologies has sometimes become the inevitable result of combating existing inequalities and injustices due to neo-colonialism.

Throughout the 20th century, many Central and South American nations have undertaken this course of action, including the Bolivarian Republic of Venezuela, which has embarked on the most revolutionary transition in the entire region in recent times.

The Bolivarian Revolution was instigated in 1997 by the Fifth Republic Movement; a left-wing political party led by Hugo Chavez (renamed the United Socialist Party of Venezuela in 2007).  After winning democratic elections in 1998 and being formally inaugurated as President of Venezuela, Chavez fully dedicated his incumbency to fighting poverty, illiteracy and the vast inequalities that engulfed his country.  He strived to achieve these goals by reforming every realm of societal existence and the policy-making process to ensure that any positive changes made would stay intact. Continue reading