Adminned at 20 Jul 2025 20:06:22 UTC
The December 1999 rewrite of Venezuela’s constitution replaced the bicameral legislature with a unified one called the Asamblea Nationale. Due in part to an opposition party boycott, on July 30, 2000, the Fifth Republic Movement took a majority of the seats. They used their newly unchecked power to revoke the autonomy of state-owned oil company PDVSA, and seized enough of its revenue to pay their political allies that it became financially unsound despite its legal privileges. Their ability to direct oil revenue to buy votes allowed them to maintain long-term power and to nationalize and plunder most of Venezuela’s large industrial enterprises .
Bucky:
Score 3 as I’m treating “Asamblea Nationale” as proper noun abuse rather than foreign language content, but this is otherwise a 5 for being a natural backronym that fits the prompt well.