Venezuela’s socialism started out democratically with Hugo Chavez’s election in 1998. The state’s monopoly on the world’s largest oil reserves, combined with high prices in the 2000s, gave the government plenty of foreign reserves to import goods and appease voters, even though its policies were undermining its domestic production and causing the economy to underperform.Under Maduro, socialist economic policies and corruption have caused one of the worst economic and humanitarian crises in the Western Hemisphere in centuries. Annual inflation peaked at 344,509% in 2019. Oil production eventually declined due to state incompetence, corruption, and political graft. Once global oil prices also fell, the Venezuelan economy collapsed and has now been in crisis for a decade. Do you support a regime change in Venezuela?

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