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Rafael Ramirez, former president of PDVSA, under investigation for corruption

Thursday, June 1, 2017

Is the chaos in Venezuela 'a picture of what might happen elsewhere

“Venezuela is spiraling into chaos,” according to José Buscaglia, professor and chair of the Department of Cultures, Societies, and Global Studies at Northeastern. Indeed, despite having the world’s largest oil reserves, Venezuela’s economy is only limping along, suffering from a deep recession and hyper-inflation. Food and medicine shortages are creating a humanitarian emergency. Late President Hugo Chávez created a “democratic dictatorship,” Buscaglia said, then handed the reigns over to current President Nicolás Maduro, an “incompetent” leader. An expert in Central American studies, Buscaglia’s view of the future for Venezuela is grim. More…

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