Venezuela formally democratized in 1958 after several political and social forces fought together against the dictatorship of Marcos Pérez Jiménez. The evolution of this democracy was fast, partly due to the rapid economic growth and social mobility that prevailed as a result of oil wealth. In October 1958, three political parties, Acción Democrática, Comité de Organización Política Electoral Independiente, and Unión Republicana Democrática, signed a political pact, commonly known as Punto Fijo. In this document, all political parties committed themselves to respect the results of the elections and establish a government of national unity with equitable representation of the political forces. In 1961 a new constitution consolidated the principles of the nascent representative democracy. However, over time, economic inequality, power centralism, and patronage relationships led the country to fall into an institutional crisis. After a strong devaluation of the national currency in 1983, a critical event known as Viernes Negro, and fiscal adjustments, the government proposed macroeconomic adjustments in 1989, including cuts in subsidies on domestic gasoline. This resulted in massive riots across the country. This episode is historically known as El Caracazo or El Sacudón. Amid the economic and social turmoil, a lieutenant colonel named Hugo Chávez and other military leaders launched a military coup in 1992. Although the coup was unsuccessful in removing the president from power, Chávez became known at the national level. After two years in prison and launching a political party, Hugo Chávez won the presidential election in 1998. The contemporary literature on Venezuelan politics is periodized, emphasizing the division between the pre- and post-Chávez periods. Much of the work analyzing Venezuela prior to 1998 focuses on specific issues such as the economy and oil rentierism, El Caracazo, and the characteristics of the party system. Contrary, initial accounts of Chávez’s government mostly highlight his charismatic leadership. Later works, especially after the year 2002, focus much more on the authoritarian features of Chávez regime related to, for example, autocratic legalism, the supremacy of one-party regime, the connections between the government of Venezuela and other nondemocratic leaders in the world, and attacks against media and the press. Although experts do not agree about what type of authoritarianism exists is Venezuela, or even if one can characterize the first years of Chávez’s rule as an authoritarian one, since 2013, with Nicolás Maduro as president, the authoritarian features of the Venezuelan political regime are more manifest than ever.
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