Elections Everywhere and Little Democracy to Drink: Venezuela and Pakistan.

Elections Everywhere and Little Democracy to Drink: Venezuela and Pakistan.

This weekend is poised to present two elections of highly dubious democratic credentials. In Venezuela the Maduro government has brought the nation to financial an economic penury. There is every reason to assume that that is too the case in the electoral realm too. Most Venezuelans will stay home and not participate as a result. Venezuela is an important producer of crude oil. Ranked number 11 in the world she produces 2.277m barrels per day. Chaos and stagnation in the country has had and may continue to have a serious effect on the world’s crude markets. We watch with wary caution. Pakistan is also heading to the polls and the situation is only slightly less corrupted. The splintered opposition and the heavy handed ruling party have their finger heavily on the scale. Then in Pakistan there is always the bolshie military to consider. They too are warily monitoring the event. Pakistan is not an economically significant producer. Its main product is political risk and unrest which it does indeed export in quantity. See: Dr. Abdul Qadeer Khan. Stay tuned for the outcomes.