Venezuelan problems

Venezuelan problems

In Venezuela, there is a cry for help from the people, heard by nobody. Major problems are plaguing Venezuela that need resolution now. John F. Kennedy once said, “Our problems are man-made, therefore they may be solved by man, no problem of human destiny is beyond human reach.” We agree with JFK and therefore stand in firm affirmation of this year’s resolution: The USFG should substantially increase its economic engagement toward Cuba, Mexico, or Venezuela.

Observation 1: Significance and Harms

Linette Lopez; Finance Editor; Business Insider; Venezuela's President Now Officially Has the Powers of a Dictator; 19 November 2013;

In an effort to fight against those "waging economic warfare" on the people of Venezuela, the country's legislator has approved a bill giving President Nicolas Maduro sweeping powers once held by late-President Hugo Chavez, Noticias 24 reports. Basically, he can now rule by decree, without the need for legislative approval. There were doubts about whether or not Maduro, a mere shadow of his predecessor, would be able to pass such major controls — but he did. Moreover, according to reports, hundreds rallied outside the legislature in support of this bill. The new law will enable Maduro to either deepen state control of the economy or loosen foreign exchange controls to stimulate production, Asdrubal Oliveros, director of Caracas-based research group Ecoanalitica, told Bloomberg News. Maduro described it in a speech last month as his way to "unfold a permanent offensive against the corrupt and their political backers.” Today, his man in the legislature — and number two in the party Diosdado Cabellero — said that "the state must intervene to control those that have the capital and believe they can do whatever they want." Henrique Capriles, the leader of the opposition party, said the...

Similar Essays