This article outlines the deepening political, social and economic crisis facing Venezuela. Overall, we argue that both government and opposition must take responsibility for the present crisis as both have failed to offer coherent policy responses to the problems facing the country. The government has failed to address the crisis with sufficient rigor, and seems more concerned with maintaining power, while the opposition MUD continues to offer the removal of the government as its sole solution to the crisis. Yet its policy proposals are poorly developed and do not offer long-term solutions to the country's problems. Finally, we suggest that the continuation of the Vatican/UNASUR-sponsored dialogue is the best way for Venezuela to advance if it wishes to restore economic and social stability and reduce political tension.