How Much Longer Can Venezuela Go on Like This?

When Nicolas Maduro won a much-contested election to become president of Venezuela in 2013, he sought to ape his predecessor, the late Hugo Chavez. Perhaps by channeling Chavez’s pugnacious, anti-American spirit, and his vision of so-called Bolivarian socialism, Maduro could reassert the former president’s vision of an oil-rich Venezuela poised to lead a resurgent Latin America. “This is Chavez’s place. Chavez continues as an example for us!” Maduro bellowed in a speech in 2013....

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