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Editorial: El Mundo

  • Chavismo, after 25 years of rule, has corroded democracy in Venezuela, destroying its political, economic and social fabric.
  • The minimum wage has plummeted from 348 to just 4 dollars since the beginning of the Bolivarian revolution.
  • The highest inflation in the world has made the bolivar almost worthless.
  • Venezuela's GDP has shrunk to just a third since 1999.
  • The rule of law in Venezuela has been broken, with colonized institutions and suppressed freedoms.
  • María Corina Machado, an anti-Chavista leader, has been disqualified from running for presidential elections.
  • The exodus of Venezuelans has outpaced that caused by wars such as Syria's.
  • The US has reactivated sanctions against Caracas while the Spanish government tries to alleviate the situation.

Conclusion: Venezuela's case serves as a reminder that every political project needs to respect the rule of law to prevent severe socio-economic problems.