Years of political strife, exacerbated by the failed economic and social performances by president Nicolas Maduro to bring relief and prosperity to the Venezuelan people, have reached yet another boiling point with three people killed at anti-government protests and with socialist authorities seizing an American car plant.
Despite having one of the world's largest proven reserves of oil, under Maduro and his failed economic policies, Venezuela has struggled to maintain basic commodities needed to enhance every day life. Toilet paper, food and basic materials remain scantly scarce in a country that has a strong potential to economic prosperity. Instead, according to a BBC-News report, citing an International Monetary Fund(IMF) report, Venezuela will teeter close to 700(seven-hundred) percent inflation by year's end.
Anti-government protest have become commonplace with Maduro's police and security forces hitting back against dissent by breaking up rallies and imprisoning opposition members. Three people, including a teenager in the capital, Caracas, and a woman in the town of San Cristobal, close to the Colombian border, were shot dead in recent protests across Venezuela and a national guardsman was killed south of the capital, the BBC-News reported.
Tens of thousands of Venezuelans have been protesting to demand new presidential elections ahead of the late 2018 schedule. The opposition, led by Henrique Capriles, is hoping to pressure Maduro into negotiating with them in an attempt to end the country's economic crisis.
In a mean time, American automobile giant, General Motors(GM), has confirmed that Venezuelan authorities have seized its Venezolana car plant in the city of Valencia. The BBC-News reported that assets, including vehicles, had been taken by the government. GM has promised to "take all legal actions" to defend its interest, which it contends, has suffered irreparable damage.
Yet as Maduro seizes an American firm, it has been confirmed that the Venezuelan state oil company, CITGO, which for many years has been very generous to Americans by donating a lot of home heating oil to needy families, donated $500,000.00 to the Donald Trump presidential inauguration.
As Venezuela's turmoil continues to unfold in the backyard of the United States(US), opposition groups have planned more protests for today attempting to force the government to enter negotiations to ending the economic crisis or to call new elections.