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Voices from the Bolivarian Revolution: Communes and the Transition to Socialism with Chris and Cira

Cosmopod

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The Role of Chavez's System in Venezuela's Economic Downturn

This chapter explores the system established by Chavez and how it contributed to Venezuela's economic downturn. It challenges the misconception that sanctions or falling oil prices alone caused the downturn, and highlights the burst in Venezuela's credit relations around the time of Chavez's death as a key factor.

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