It is a simple model of “Resistance Economy” – local production for local markets with local money through local public banks that work for the local economy.
Thus far, Maduro and the Bolivarian leadership have been unable or unwilling to implement the necessary measures to deal with Venezuela’s economic crisis.
Nicolas Maduro was re-elected for another term of office in the Venezuelan presidential election on Sunday 20 May. The majority of the reactionary opposition, with full support from Washington and Brussels, had called for a boycott, which led to a very low turnout in the middle-and-upper-class areas of the main cities. Their demand that the