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Chavismo’s Crumbling Economic Foundations  

Targeted use of revenue from commodities can be an immediate and necessary salve against brutal levels of poverty and inequality, but Chavismo’s “extractivist” model has left Venezuela as vulnerable as ever to the whims of the international market.







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Populism and the People  

The central protagonists of Latin America’s profound shift away from the neoliberal policies of the 1980s and ‘90s were not strong leaders but social movements.