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IPFS News Link • Economy - International

We may be witnessing the downfall of an international political revolution

• Business Insider

The country's ruling Socialist party, now helmed by late President Hugo Chavez's handpicked successor, President Nicolas Maduro, suffered a disastrous defeat in legislative elections.

According to the BBC, opposition candidates won 99 of 167 seats, while the Socialist party won only 46. At this point, 22 seats remain too close to call.

The pink tide unofficially began when Chavez took office in 1999 and called himself a socialist.

With that, he became the most colorful, and bombastic, representative of an anti-US, quasi-socialist ideology that swept across Latin American nations. In the years following his election, left-leaning politicians have risen to power all over the region.

This revolution's name, the pink tide, was a reference to the movement's political philosophy.

Over the last few months, however, some of the pink tide's most powerful leaders — who once enjoyed overwhelming support — are being replaced or are facing ferocious political opposition from their constituents and peers.


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