07 March 2013

Venezuela after Chavez

Excellent article on the Disaster That Is Venezuela post Chavez:

What has Chávez bequeathed his fellow Venezuelans? The hard facts are unmistakable: The oil-rich South American country is in shambles. It has one of the world’s highest rates of inflation, largest fiscal deficits, and fastest growing debts. Despite a boom in oil prices, the country’s infrastructure is in disrepair—power outages and rolling blackouts are common—and it is more dependent on crude exports than when Chávez arrived. Venezuela is the only member of OPEC that suffers from shortages of staples such as flour, milk, and sugar. Crime and violence skyrocketed during Chávez’s years. On an average weekend, more people are killed in Caracas than in Baghdad and Kabul combined. (In 2009, there were 19,133 murders in Venezuela, more than four times the number of a decade earlier.) When the grisly statistics failed to improve, the Venezuelan government simply stopped publishing the figures.     

[. . .]

The problem isn’t Election Day—It’s the other 364 days. Rather than stuffing ballot boxes, Chávez understood that he could tilt the playing field enough to make it nearly impossible to defeat him. Thus, the regime’s electoral wizards engineered gerrymandering schemes that made anything attempted in the American South look like child’s play. Chávez’s campaign coffers were fed by opaque slush funds holding billions in oil revenue. The government’s media dominance drowned out the opposition. Politicians who appeared formidable were simply banned from running for office. And the ruling party became expert in using fear and selective intimidation to tamp down the vote. Chávez took a populist message and married it to an autocratic scheme that allowed him to consolidate power. The net effect over Chávez’s years was a paradoxical one: With each election Venezuela lost more of its democracy.

Read the whole thing.  God bless Venezuela.  They need it.

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  1. What this mass media punditry won't say is that the Latin American countries that have both a bigger economy and middle class to bankroll it already are nothing more than luxurious Venezuelas. For how long the luxury will stand nobody knows.

    God bless Latin America. We need it.

  2. Pray, tell, how's this any different from the American North?

  3. Anonymous11:23 AM

    Sounds like what is happening here in the USA

  4. Globalism, folks...