Quito, April 24 (teleSUR-RHC)-- Ecuadorean President Rafael Correa has compared the current economic war against the Venezuelan government to what happened in Chile in the early 1970s, which led to the U.S.-backed military coup that overthrew constitutionally-elected President Salvador Allende.

“After the elections in March 1973 in Chile, the defeated bourgeoisie chose the path of economic war to overthrow Allende: stockpiling, speculation, etc,” the president said on his Twitter account. “The resemblance is striking with what is happening now in Venezuela.” The Ecuadorean president then called on the young people to learn from history, including the attempted coup against himself in 2010. 

Last week, Venezuelan President Nicolas Maduro warned that the right-wing opposition in the country is trying to create conditions that will lead to a coup. The warning came after a series of raids on distribution companies revealed that they were hoarding products to generate shortages.

Pictures of long lines of people in supermarkets and shortages on shelves have also been infiltrating the media lately, with the opposition calling for a change in government as a so-called solution to bring back economic stability. Maduro has denounced this economic war aimed at destabilizing the Bolivarian Revolution.