Maduro admitting election defeat honorably sets the tone for a revitalized Venezuelan democracy

Venezuela United Socialist Party of Venezuela (PSUV) lost its majority in the National Assembly in Sunday’s midterm elections to the big tent Democratic Unity coalition, losing it’s grandslam grip on power for the first time since 1999. An electoral spokesperson announced that while 22 parliamentary seats were too close to call, the opposition coalition had clearly…

A centrist opposition coalition in Venezuela won a majority of seats in a divisive midterm congressional election Sunday, signaling the first significant loss for President Nicolas Maduro’s Socialist Party in 16 years and a likely push to diversify Venezuela’s economy away from oil, the country’s main export. The elections come as Venezuela continues to see a…