political process in Venezuela led by the late Hugo Chávez
Key facts
Location
Venezuela
Cause
Discontent with the two-party system ( Puntofijismo ) Government corruption Extreme poverty and wealth inequality Austerity measures under President Carlos Andrés Pérez Social unrest, including the Caracazo
Motive
Establishment of a Bolivarian state Creation of a new constitution Expansion of state control of key industries, including oil