The Venezuelan economy didn't exactly collapse under President Chavez, however it did face structural transition difficulties owing to the fact that the pro-American comprador bourgeoisie (with largely far-right political leanings) which dominated the country prior to the Bolivarian Revolution, had managed to transform Venezuela into a mono-product oil economy.Had you bothered reading the article i posted , you will know that Venezuela economy started to collapse long before the American sanction due to mistakes Chaves made. He gambled on the oil industry while ruining the private sector. Oil prices went done and Venezuela was left with nothing to rely on.
Indeed, what many aren't aware of is that Venezuela used to be an industrialized nation with a strongly diversified economy in the 1950's and 1960's. What occurred then, is that a ruling class of US-subservient elements completely de-industralized the country, ruined its agricultural sector, and made crude oil exports the sole source of significant income for the national economy or rather, for their own token pockets. Social inequalities and poverty had reached unprecedented levels.
So what Chavez did with success, was to redistribute the oil revenue in a far more equal manner and drastically improve the living conditions of the poor, which represented the most pressing popular demand he had been elected for. What he had no time to achieve though, was the diversification of the Venezuelan economy and the development of the non-oil sector, an extremely difficult task indeed.
Economic figures are there to measure the considerable impact of ever increasing US sanctions pressure on the Venezuelan economy. To say that they had no major consequences would be incorrect, considering the mono-sectorial structure of the Venezuelan economy.
I know this, but since when is there a "democratic obligation" for a president to resign when his party or supporters lose a mid-term parliament election? In France for example the Socialist Party, which then acting president Mitterrand belonged to, was defeated in the 1986 legislative election. This however did not lead Mitterrand to abdicate, and he accordingly stayed in power until the following presidential election of 1988. Same thing in America.Had you bothered opening wiki you would know that Maduro lost the 2015 parliament elections , nut instead of accepting the will of his people , he decided away power from parliament and make himself dictator.
Also, as pointed out, the Venezuelan people reelected Maduro in the 2018 presidential election. Therefore, his mandate is by definition a democratic and not a dictatorial one.