Articles by Shreya Joshi

International Law

Venezeula’s Political Crisis: How Their Consitution Became a Farce

February 23, 2021 Shreya Joshi 0

For the past two decades, the socialist party PSVU has run the Venezuelan government. Initially controlling only the executive branch, the PSUV consolidated control of the judiciary, electoral council, and now the legislative body. Since the transition from the Chávez regime to Nicolás Maduro’s government, the Venezuelan economy has collapsed and prompted an exodus, largely into Colombia. A prime example of a decaying petrostate, Venezuela has fallen prey to “Dutch disease”, when a government is heavily dependent on natural resource exports, oil and fossil fuels in this case and there is little funding to other sectors. Additionally, power is concentrated in the hands of a few, and corruption is rampant in every level of the political and economic structure. The economic collapse under Maduro is due to the decrease in the outflow of oil, leaving the country with little income. With hyperinflation skyrocketing and many Venezuelans worried about putting food […]