Venezuela’s President’s New Law-Making Powers

A good article in The Guardian about the President of Venezuela, Nicolas Maduro’s, new powers to rule by decree without having to consult the national assembly. This new system was approved by the assembly in an effort to install a Cuba-like form of a socialist economy to combat corruption, retail mark-ups, and exploitation by foreign companies.

But critics claim that Maduro’s policies, which are the legacy of Hugo Chavez, will not stop the inflation problem, the corruption problem, and will hinder investments in the Latin American nation.

Read Here.

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