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TRNN – Venezuela Primer Pt. 1: Why Did Venezuelans Elect Hugo Chávez?

Summary:
It's short, but it's only a primer. Venezuela didn't have a strong democracy until Hugo Chavez came along. [embedded content] Over and over again US media outlets make the claim that Venezuela was the "jewel of Latin America" before Hugo Chavez was elected in 1998 and that his election marked the country's downfall. In part 1 of this Venezuela primer, on the 20th anniversary of Chavez first taking office on February 2, 1999, we look at what led up to his election

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It's short, but it's only a primer. Venezuela didn't have a strong democracy until Hugo Chavez came along.

Over and over again US media outlets make the claim that Venezuela was the "jewel of Latin America" before Hugo Chavez was elected in 1998 and that his election marked the country's downfall. In part 1 of this Venezuela primer, on the 20th anniversary of Chavez first taking office on February 2, 1999, we look at what led up to his election

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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