Bolibourgeoisie
Bolibourgeoisie (a portmanteau of the words Bolivarian and bourgeoisie) or Bolichicos (English: Boliboys) are terms describing the new bourgeois created by the Venezuelan government of Hugo Chávez and "Chavismo", made up of people who became rich under the Chávez administration. The term was coined by journalist Juan Carlos Zapata to "define the oligarchy that has developed under the protection of the Chávez government".

Corruption among the bolibourgeoisie and Chávez-administration sympathizers has moved billions of dollars with the complicity of public officials, with some becoming rich under the guise of socialism. Henry Ramos Allup, a leader of the opposition party Democratic Action, has said corruption in the financial industry and other sectors of Venezuela is tied to government officials of the Chávez administration. Following the death of Chávez, the bolibourgeoisie became more powerful and held more influence over Venezuela during the presidency of Nicolás Maduro. Many figures of the bolibourgeoisie were included in the Panama Papers scandal.
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portmanteau
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Bolivarian
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bourgeoisie
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Venezuelan government
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Hugo Chávez
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Chavismo
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Chávez administration
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oligarchy
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socialism
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Henry Ramos Allup
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Democratic Action
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death of Chávez
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Nicolás Maduro
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Panama Papers
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Bolibourgeoisie
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