Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Heatwave fans demand for aircon stocks

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Novak Djokovic joins investment firm with stake in Mexico’s Azteca Stadium

      Previews: The Championships - Wimbledon 2026

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      House of the Dragon’s Abubakar Salim dreams of Kenyan kebabs for his last supper

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Friday 04 December 2015 5:53 am

Venezuela’s socialists are staring at defeat ahead of this weekend’s election

By: Caitlin Morrison

Add as a preferred source on Google

People in Venezuela were asked, earlier this year, to name any “very big problems” in their country. Eighty-four per cent cited a shortage of basic goods. Eighty-two per cent said crime. Three quarters referred to healthcare, which is little surprise given that Venezuela’s hospitals are in crisis.

Even less surprising is the fact that, topping the list, 92 per cent cited rising prices. Inflation has soared to levels so elevated that it’s impossible to accurately measure; estimates range from 100 per cent to over 800 per cent per annum.

The survey data was published yesterday (by the excellent Pew Research Center) ahead of this weekend’s parliamentary elections.

It is humbling to contrast the figures, which are so high and refer to such serious concerns, with similar polls conducted in the UK. A recent survey by Ipsos Mori found that no single issue was named as important by even half of Britons.

Topping the list, somewhat absurdly, was immigration, which 49 per cent of respondents cited as an important issue. If we consider our biggest problem to be the fact that people want to move here, things can’t be too bad.

On the contrary, polls in Venezuela reveal a frustrated, desperate and divided public. Astonishingly, 43 per cent of those polled earlier in April/May this year said the country should still “follow the policies of former President Hugo Chavez”.

Yet Chavez’s successor, President Nicolas Maduro – who manages to be both farcical and disturbingly oppressive, jailing his political opponents while blaming companies like Heinz for food shortages – deservedly endures abysmal poll ratings. Sixty-eight per cent of Venezuelans have an unfavourable opinion of the former deputy to Chavez.

As far as this weekend’s concerned, the most important figures simply show the gap between Maduro’s ruling socialist party and the Democratic Unity opposition – and fortunately, the latter is seeing double-digit leads in the polls. If an opposition victory is recorded, we must hope it is not followed by the kind of strong-arm tactics and chaos that have accompanied the socialists’ 16-year rule.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Opinion

Categories

  • Opinion

Trending Articles

  • Revealed: Secret Treasury plan to tax State Pension before it is paid out

  • Two solicitors linked to Post Office scandal charged with misconduct

  • Burnham’s new chief of staff ran City firm advising Thames Water and rival Heathrow bidder

  • Barclays and Lloyds join banking sector plan for digital ID

  • Reeves’ new tax charge on cash ISAs faces fierce industry backlash

More from CityAM

  • Women’s rugby in England is way ahead, and the RFU deserves credit

    Sport Business
    Breaking news scene with bustling city street, reporters gathering, and onlookers observing, highlighting urban life and m...
  • Episode 94: Northumberland Plate, Irish Derby and Marco Botti interview

    Sport
    Promotional teaser for upcoming business event showcasing innovative solutions and market trends.
  • Epsom Derby set for mega crowd as fans flock to The Hill

    Sport Business
    Business professionals in a meeting discussing financial growth strategies with charts and graphs on a conference table
  • TfL dispel concerns over Queen’s tennis final tube havoc

    Sport Business
    Without specific context from the article, Im unable to generate an accurate alt text. Could you provide more details from...
  • BGC boss warns tech giants over black market ads ahead of World Cup betting surge

    Betting
    Soccer players competing in the World Cup, showcasing intense action on the field with a stadium full of cheering fans
  • Do the Prem Rugby semi-finals need a Welsh URC team?

    Sport Business
    Getty Images logo on a digital screen in a business news article context, highlighting media and photography industry.
  • KPMG report on AI found riddled with AI hallucinations

    Big Four
    KPMG hit with a new financial sanction
  • William Hill owner Evoke shares rocket as it braces for £243m takeover from Bally’s Intralot

    Merger/Acquisition
    William Hill parent company Evoke says it has seen lower football staking volumes in the United Kingdom and Ireland since Euro 2024.

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies