WHAT IT IS
- Protests in Venezuela have resulted in 30 deaths since the beginning of April.
- Protesters are calling for the resignation of President Nicolas Maduro.
- President Maduro has attempted to increase his governing powers through activities like postponing presidential elections and asking the Venezuelan Supreme Court to dissolved their parliament, leaving just the legislative branch which Maduro controls.
WHY IT MATTERS
Oil, Venezuela’s major export, has been dropping in price to all time lows over the last few years. Consequently, the government began printing more money resulting in hyperinflation, reduced purchasing power of citizens, and scarcity of medical supplies and food.
WHERE WE ARE NOW
- Presidential elections are set for the end of next year.
- International companies are pulling out of Venezuela, like GM, after the government seized its plant.
- Hyperinflation is expected to grow with protesters continuing to flood the streets.
SOMETHING TO THINK ABOUT
- Will neighboring countries get involved, and, if so, how will they intervene?
- What tools do protesters have to bring about change?
- Is consolidation of power to a single party or person a Venezuelan idea, or is it happening in other places like Turkey, Russia, Philippines, or The United States?