On Thursday, January 10 at 10:00 a.m., controversial leftist leader Nicolas Maduro was sworn in for a second 6-year term as President of Venezuela despite deteriorating economic and political conditions throughout the country. Although Maduro’s inauguration crowd was undeniably more sparse than in the past, a few leaders and foreign dignitaries made a point to make an appearance and show their support for the regime in spite of widespread international criticism.
Venezuela is an incredibly dynamic country. After several decades of stability, the country has been shaken by major political realignments, economic shifts and policy changes since El Caracazo took place in 1989. In that year, the population rose up violently in response to the government's economic reforms that included increases in the price of gasoline and transportation.