21ST CENTURY SOCIALISM IN VENEZUELA UNDER HUGO CHAVEZ

21st Century Socialism in Venezuela under Hugo Chavez



Table of Content

21ST CENTURY SOCIALISM IN VENEZUELA UNDER HUGO CHAVEZ3

Social Ideologies and Hugo Chavez3

CHAPTER 1: HISTORY OF BOLIVAR, SOCIALISM AND TRANSITION INTO 21ST CENTURY SOCIALISM9

Influence of Simon Bolivar9

Karl Marx12

Noam Chomsky12

Chavez's political career12

CHAPTER TWO: POLITICS AND ECONOMY OF CHAVEZ'S BOLIVARIAN REVOLUTION14

Latin American partners16

CHAPTER THREE: AN OVERVIEW OF CONTEMPORARY VENEZUELA23

CHAPTER FOUR: CONCLUSION32

REFERENCES36

21st Century Socialism in Venezuela under Hugo Chavez

Addressing delegates at the International Encounter of Left Parties held in Caracas, November 19-21, Venezuela's President Hugo Chavez said that with the capitalist urgent position and risk of conflict endangering the future of humanity, “the persons are clamoring” for larger harmony of those eager to battle for socialism. Chavez utilised his November 20 talk to the seminar, which engaged delegates from 55 left assemblies from 31 nations, to call for a new worldwide socialist administration to join left assemblies and communal movements: “The time has arrive for us to coordinate the Fifth International.” In the present APP I am going to discover the political and financial state of Venezuela today, in alignment to set up the evolution of the political regime in this homeland, to better realise the financial alterations and connections with other nations, as well as to be adept to observe what equation works best for the persons of Venezuela, that will permit for better dwelling options. This study will encompass a short comprehending of the Bolivarian Revolution because this specific political action is crucial in the understanding of the multitude of alterations that have appeared inside the communal and economic structure of Venezuela inside the past decade. The Bolivarian Revolution is furthermore significant to be adept to make an unquestionable evaluation of the main heading in which Venezuela is heading.  Also encompassed will be the annals of how the transformation came about, why the period is rather tough to characterise and a recount of why a general comprehending of the Bolivarian Revolution is significant to Venezuelans and the broader American continents. (Dydynski, 2004)

The fundamental trajectory of President Hugo Chávez in Venezuela has been a highly contentious theme amidst Latin Americanists, democratization professionals, principle manufacturers, and activists. Some lament what they glimpse as Chávez's disregard for the direct of regulation and the breakdown of the party system. They contrast him to other neo-populist managers who bypassed customary organisations and conceived direct linkages with the masses. Others fight back his larger anxiety with speaking to historic difficulties of scarcity and entrenched inequalities than sustaining the alignment of customary institutions. Following the liability urgent position of the 1980s, and later swell of privatization and neoliberal restructuring in Venezuela, scarcity expanded dramatically. The percentage of the community dwelling underneath the scarcity line went from 36 per hundred in 1984 to 66 per hundred in 1995. Given these stark disparities, a fundamental set about like that of Chávez could be supported to boost communal expending and redistribute wealth.

Social Ideologies and Hugo Chavez

Even though socialist parties have directed numerous of the South ...