It’s always difficult to interpret the meaning of the loss of a socialist candidate. Often the claim is that it was due to transnational intervention by capitalists. Others say it was due to a failure in state policies. All of these can be true – and more.
The recent decline in oil prices is clearly important. This article also does a nice job of comparing Venezuela to other South American countries. Most importantly is whether this means the rejection of socialism or the inability of the Maduro regime to carry it out. Perhaps the most important question is…what does it mean for the community councils and worker owned cooperatives for the future?
