Few believe him
the nature of President Nicolás Maduro’s rule that the hardship and chaos to which he has reduced his country since coming to power in 2013 is hidden by a carefully curated display of jubilation at election time. Mr Maduro’s claim, after polls closed on July 28th, that he had won a third term in office was greeted by prompt fireworks displays in the capital, Caracas, and by jubilant crowds on hand to dance for the television cameras.
The claim beggars belief. Mr Maduro is both unpopular and incompetent. His “Bolivarian revolution”, inherited from his late and similarly autocratic predecessor Hugo Chávez, promised prosperity and people power. Instead it has immiserated Venezuela, thanks to mismanagement of the state oil sector , a throttling of private enterprise and rampant cronyism and corruption. The hyperinflation from earlier in Mr Maduro’s rule has eased, yet inflation still runs at an annual 50%.
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