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Running Head: HUGO CHÁVEZ
1
Venezuela Case Study
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HUGO CHÁVEZ
2
Venezuela Case Study
Under Chavez’s ruling, he proposed and enacted a crude form of socialism with a
primary aim of redirecting oil revenues to the low class in the country. The president overspent a
lot of resources on social development, forgetting to put aside resource in case of future
economic crises. The Government set price control policies on essential foods that led to
shortage and hoarding. Chavez’s political system was characterized as authoritarian with a
dominant Party system that leaned towards the line of succession (Johnson, 2018).
Venezuela is among th…
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