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Balance of Power: Is Maduro Marching Down Path to Dictatorship?

Balance of Power: Is Maduro Marching Down Path to Dictatorship?

(Bloomberg) -- It only took a day for Venezuelan President Nicolas Maduro to make his authoritarian intentions clear.

By hustling away two of the country’s most high-profile opposition leaders in the dead of night, the president showed he’ll tolerate no dissent as he pushes aside democratic checks on his power.

After a disputed vote on Sunday, Maduro will convene a new constitutional assembly this week, bypassing the elected congress and setting himself up for a head-on collision with his South American neighbors and the U.S., the biggest buyer of Venezuelan oil. President Donald Trump called on Maduro to immediately release his opponents.

The U.S. has already imposed sanctions on several individuals, including officials at the state-oil company, driving off investors and squeezing Maduro’s main source of hard currency. But months of violent protests and international pressure have so far failed to deter him. And the risk of a broader civil conflict is rising as militant groups arm themselves.

The latest crackdown will only fuel concerns that Venezuela is sliding rapidly toward dictatorship, or worse.

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Balance of Power: Is Maduro Marching Down Path to Dictatorship?

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Balance of Power: Is Maduro Marching Down Path to Dictatorship?

--With assistance from Ben Sills Rosalind Mathieson Gregory White Kathleen Hunter and Matthew Campbell

To contact the authors of this story: Andrew J Barden in Dubai at barden@bloomberg.net, Vivianne Rodrigues in New York at vrodrigues3@bloomberg.net.