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Venezuelan real salary has fallen 89.9% by March

Monday, May 1, 2017

What’s ahead for Venezuela?

While the protest cycle could evolve into a sustained nonviolent movement, continued brutal repression may lower protest participation — but create decentralized conflicts between state armed forces and informal armed groups and rebellious youth protesters.It’s possible, of course, that massive, uncontrollable protests could topple the government. Another scenario sees the government eventually regain control of the streets but at such a high cost of repression that key military officials abandon ship. With Maduro unlikely to resign, these schisms would have to evolve into some sort of a coup-then-interim-government arrangement. The opposition, meanwhile, continues to gain greater legitimacy on the world stage by participating in international efforts to bring an end to the conflict. More…

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