The economic crisis in Venezuela An explanation between the 'economic war' and the fiscal deficit

Abstract

The purpose of this paper is to outline an alternative explanation of the current economic crisis in Venezuela, a sort of "third position" with respect to the government's position, which attributes the economic collapse to imperialist pressures and, in turn, with respect to the position of the so-called “Venezuelan right” that understands as the main cause of the macroeconomic collapse state interventionism, corruption and the high fiscal deficit. Considering the particularities of the Venezuelan capitalist accumulation process, we will try to answer the question of why the enormous oil income did not translate into a solid and lasting development of the productive forces