In the early 1990s the Venezuelan government's economic strength and political legitimacy was declining, with
two coup attempts in 1992 and the impeachment for corruption of President
Carlos Andrés Pérez. The result was a turn against the traditional
Puntofijo Pact parties (
Democratic Action and
Copei) in the
1993 elections:
Rafael Caldera's victory in 1993 was the first time in Venezuela's democratic history that a president had been elected without the support of either of the two major parties. In 1995
real wages were below the levels attained in 1950, and between 1995 and 1998 they had declined by four percent per year. The percentage of households below the poverty line had risen from 20% in 1980/81 to 56% in the 1998–2000 period. In 1998 40% of the population under age 17 was suffering from malnutrition, and 76% lived in poverty. According to 1998 CENDA data, 85% of households lived in poverty, including 45% in extreme poverty. For decades protests, shortages, and mismanagement had been occurring more frequently, highlighting the progressive economic deterioration of the country.
Chávez's participation After his 1994 release from prison, Chávez maintained a position against participation in elections, believing them a fixed game which merely legitimated the established order. Shortly after his release, Chávez considered another coup attempt, but with the prospects appearing slim, some advisers, notably
Luis Miquilena, urged him to reconsider his scepticism of the elections, arguing that Chávez could potentially win so convincingly that the establishment would not be able to deny him victory. To find out whether this was the case, Chávez set up teams of psychologists, sociologists, university professors and students to carry out a survey. With their support, grassroots members of the
Bolivarian movement polled tens of thousands of people across the country. The results showed that 70% of respondents supported Chávez running for the presidency – and 57% said they would vote for him. Support for the electoral route was strengthened when Arias Cárdenas, as a candidate for
Radical Cause, won the governorship of
Zulia State in the
December 1995 regional elections. Despite this, the MBR-200 remained divided over electoral participation and spent a year debating the issue in local, regional and national assemblies. A national congress on 19 April 1997 took from 9 am until 2 am the next day to reach a conclusion, ultimately deciding to launch Chávez' candidacy. Some members of the movement resigned in protest, holding too much at stake. In July 1997 Chávez registered the
Fifth Republic Movement with the National Electoral Council (the name had to be changed as Venezuelan law did not permit parties to use
Simón Bolívar's name). The international media took little interest, citing opinion polls showing 8% support for Chávez. ==Electoral process==