• Title/Summary/Keyword: Crony Capitalism

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Crisis in Venezuela, Solitude of Latin America, the Old Future (베네수엘라 위기와 라틴아메리카의 고독 그 오래된 미래)

  • Choi, Myoung-Ho
    • Iberoamérica
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    • v.21 no.2
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    • pp.83-114
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    • 2019
  • Now Venezuela is the most attentional country in Latin America not only in our country but also all world. Unfortunately, the current crisis is a danger that threatening the venezuelan people's right to live, so most of the news is negative. Some analysts in Korea insist that everything is the result of invasion by US imperialism, others say it is a state of default due to excessive populism. The others also described as a power game of the powers of the world by the new Cold War. But most essential thing is that Sovereign of Venezuela, Venezuelan people are marginalized in this process. Venezuela's crisis seems to have been both a combination of internal and external factors, but internal factors been a main cause. The internal factors are the dictatorship and corruption of crony capitalism of nepotism which are considered historical ailments in Latin America. Chávez criticized the oligarchy, but paradoxically, the Chávezian or current ruling forces became another oligarchy. Unfortunately, Western powers such as the United States and the EU and Venezuela's current ruling powers are at an extreme confrontation, so can be seen using cliff-edge tactics. The best solution is the free and peaceful reelection of the president. After the patriarchal winter, which spring will come the Venezuelan people must decide.