Monday 17 July, 2017 Update: The Venezuelan Powder Keg

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The opposition movement in Venezuela has been energized by the results of Sunday’s unofficial referendum and are hoping it marks a turning point in its struggle against Venezuelan President Nicolas Maduro. Over 7.2 million Venezuelans cast votes, with the overwhelming majority were against Maduro’s plan to push forward with his plan to rewrite Venezuela’s constitution. On 30 July voters will elect delegates for a constitutional assembly. The assembly will be given the power to rewrite laws and many observers view it as nothing less than a power grab on the part of Maduro.

Venezuela continues to descend deeper into economic, and political chaos. Maduro is desperately clinging to the plan for a constitutional rewrite as his cure-all. Three months of unrest, and daily clashes between protesters, and security forces have taken a toll. A new constitution that neuters the power of his opponents in the legislature will pave the way for him to contend with the opponents on the streets once and for all. In spite of the growing turmoil, anti-government feeling, and the results of the referendum yesterday, Maduro’s position is relatively stable for the time being. There are no imminent threats to his rule. Despite the efforts of anti-Maduro lawmakers and their supporters, the current president appears likely to remain in power at least through the end of the summer.

A primary reason for this has been the opposition’s disorganization and lack of unity. The opposition is comprised of people from every facet of Venezuelan society. Unfortunately, there is no fabric to mesh together. No individual leader, or leadership council to coordinate the various groups. In the absence of a cohesion, the opposition’s efforts have been restricted mainly to street protests. In their own right, the protests are powerful, but without a political element to guide and lead them, the throngs of people taking to the streets are little more than an unruly mob. Maduro’s bands of thugs have intimidated the political opposition to a large degree. Pro-government thugs regularly assault opposition lawmakers, and on one occasion Maduro even sent a group of them to the National Assembly where they entered and beat a number of lawmakers bloody.

The political chaos might end up being overshadowed by even more economic despair soon enough. Venezuela’s foreign reserves are now down to less than $10 billion. In short, the country is on the verge of going broke. If that happens, all bets are off as to what happens next.

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