What Is an Oligarchy?

By jamie

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7. Venezuela

Venezuela is a South American nation that borders Columbia and Brazil. Hugo Chavez was the president of Venezuela from 1999 until his death in 2013. In 2010, Chavez introduced reforms that some people argue were the beginning of the nation’s current crisis. Chavez was succeeded by Nicolas Maduro, and the nation’s problems have worsened under his rule.

Maduro is also heavily influenced by oligarchs, which consist of the political heirs of Hugo Chavez and powerful drug cartels. The current political and socioeconomic crisis is considered to be the worst in the country’s history. Such is the crisis in Venezuela currently that more than 5,000 extrajudicial killings are thought to have been carried out by the government so far.

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