Venezuelans Should Vote For the Opposing Candidate of Hugo Chavez

Introduction

Venezuela is a country which is famous for its raw material that is oil. This raw material has defined the history and gave the country empirical economic features over the couple of centuries. Venezuela has the world's largest reserves and has second largest gas reserves in the western hemisphere. This country has the latent to produce economic power, as this country also has deposits of coal, iron ore, and gold.

Venezuela once was a country of peace and prosperity, and gain a lot of profits because of the oil reserves in 1970's, back in time it was Latin America's richest country. The country discovered the reserves of oil in 1922 and it transformed totally, it was a sleepy rural country of dusty plains, cattle farming was the essential profession before they became the world's biggest exporter of oil. In the 1970s, driven by oil profits, it was the richest country in Latin America.

Today, the case is totally opposite, the Andean nation is now the fifth largest oil exporter and biggest in South America. Venezuela had its terrible time during the regime of Hugo Chavez' reign, and lend a strong hand in ruining the economy of Venezuela. People of Venezuela now wanted to get rid of Hugo Chavez, who characterized with social bitterness, and antipathy.

In the regime of Chavez, the administration published a report and made it crystal clear and supported the history of unsuccessful dictatorship (Sojo, 2005). The dictatorship of Hugo Chavez has led Venezuela into trouble and in an economic contraction depicted with its high rates of inflation and increase the crimes rates to more than double.

Discussion

Socialism

When the USSR collapsed in 1991, the people of the newly-formed countries of Eastern Europe found themselves abruptly pushed into a new era. They use to ...