Bloomberg’s QuickTake: Venezuela’s Revolution

The video discusses Venezuela's economic and political landscape, highlighting its vast oil reserves and significant poverty. It covers the power struggle between President Nicolas Maduro and the opposition, who gained control of the National Assembly. Maduro's economic policies, including reducing gasoline subsidies and devaluing the currency, are examined. The legacy of Hugo Chavez, Maduro's mentor, is explored, noting his nationalization efforts and authoritarian shift. The opposition's challenges in uniting against Maduro and the public's mixed views on Chavez are also discussed.

Who was Hugo Chavez and what impact did he have on Venezuelan politics?

What are the differing perspectives on the opposition's ability to unseat Maduro?