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corporate dominance | political theory

A ‘mixed’ economy brought down Sandinistas; same danger exists for Venezuela

The question of who owns, controls and/or manages production and distribution is what will be decisive. Venezuela's economy remains mostly in the hands of capitalists, and that represents a threat to the Bolivarian Revolution.
A revolution meant to advance the material conditions of large numbers of previously disenfranchised people is necessarily larger than one individual. That is true even when the individual who embodies the revolution is a charismatic leader such as Hugo Chávez.

There is no denying that the death of President Chávez is a setback for Venezuela's Bolivarian Revolution. That revolution is a process — it is perhaps more akin to a steady evolution than a revolution — and will go forward if Venezuelans continue to see the process as beneficial to them. That was true throughout the 14-year reign of President Chávez and is true whether or not he occupies the presidential palace.

Ultimately, the survival of the Bolivarian Revolution rests on two factors: Effecting a change in economic relations and becoming a constituent component of a larger bloc that effects a similar change in economic relations. Simply put, the Bolivarian Revolution has taken political power away from Venezuela's capitalist elite but largely has left economic power in the hands of that elite. As Nicaragua's Sandinista Revolution of 1979 to 1991 demonstrated, leaving economic power in the hands of a capitalist elite enables that elite to destabilize a revolution.

That represents a larger threat to the future prosperity of Venezuelans than the many-sided struggles going on within the country's institutions, including disagreements inside unions, government departments and social organizations. The process of the Bolivarian Revolution is hardly straightforward, with some interests, such as union leaderships, that should be behind the socialization of production instead opposed.

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