5 terrible things that have happened in Venezuala (note: sarcasm) (generation, how much, dictator)
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The private, foreign owned, sector - taking the oil and profits out of Venez.
what's so great about that?
how would you feel if your tenants decided to steal the fittings from your house, or maybe the tiles from your roof.
not a problem right, seeing as you agreed to let them rent in the first place
If I come to an agreement with someone to build my business because they are damn good at what they do and will provide me with more profit than I can ever make myself who's stealing from who if I kick them out after they amke a substantial investment into that company?
Furthermore I then take what they built and run it into the ground, how smart is that?
The unemployment rate fell from 15.2% in 1998 to 6.4% in 2012, with the creation of more than 4 million jobs.
what a disaster, people are actually working now. I thought lazy was good
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For the first time in its history, Venezuela has its own satellites (Bolivar and Miranda) and is now sovereign in the field of space technology. The entire country has internet and telecommunications coverage.
technology - disaster! surely it's better for people to just sit around watching traffic instead
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Venezuela also provides assistance to disadvantaged communities in the United States by providing fuel at subsidized rates.
well this is the clincher! Helping the poor people of the US - could things get any worse? Well, I guess Hugo did make that redneck dolt Bush look like a sore old chump........
If I come to an agreement with someone to build my business because they are damn good at what they do and will provide me with more profit than I can ever make myself who's stealing from who if I kick them out after they amke a substantial investment into that company?
The oil belongs to the people of Venezuela, regardless of any boardroom deal.
No doubt, the oil companies have generous insurance schemes to cover these type of eventualities.
premiums paid for, no doubt, by the US taxpayer.
It's all a big scam and rip off - to keep the sheep in their place!
CARACAS, Venezuela — By 6:30 a.m., a full hour and a half before the store would open, about two dozen people were already in line. They waited patiently, not for the latest iPhone, but for something far more basic: groceries.
“Whatever I can get,” said Katherine Huga, 23, a mother of two, describing her shopping list. She gave a shrug of resignation. “You buy what they have.”
Venezuela is one of the world’s top oil producers at a time of soaring energy prices, yet shortages of staples like milk, meat and toilet paper are a chronic part of life here, often turning grocery shopping into a hit or miss proposition.
If there is one product that Venezuela should be able to produce in abundance it is coffee, a major crop here for centuries. Until 2009, Venezuela was a coffee exporter, but it began importing large amounts of it three years ago to make up for a decline in production.
Farmers and coffee roasters say the problem is simple: retail price controls keep profits close to or below what it costs farmers to grow and harvest the coffee. As a result, many do not invest in new plantings or fertilizer, or they cut back on the amount of land used to grow coffee. Making matters worse, the recent harvest was poor in many areas.
Sticking it to the private sector big time aren't they?
Some residents arrange their calendars around the once-a-week deliveries made to government-subsidized stores like this one, lining up before dawn to buy a single frozen chicken before the stock runs out. Or a couple of bags of flour. Or a bottle of cooking oil.
better to have to wait in line for cheap food than go without altogether.
How much food did the poor get to eat BEFORE Chavez rescued them?
That is the question.
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Venezuela was long one of the most prosperous countries in the region, with sophisticated manufacturing, vibrant agriculture and strong businesses, making it hard for many residents to accept such widespread scarcities. But amid the prosperity, the gap between rich and poor was extreme, a problem that Mr. Chávez and his ministers say they are trying to eliminate.
oh look, let's see what the next paragraph says shall we,
sure , in the past it was better for the wealthy (ie: the business community) - at the expense of the poor.
Chavez has rectified this anomaly.
All this right wing propaganda is just tears for the rich.
The rich who can STILL afford to pay their way out of trouble.
Mr. Chávez and his ministers say they are trying to eliminate. They blame unfettered capitalism for the country’s economic ills and argue that controls are needed to keep prices in check in a country where inflation rose to 27.6 percent last year, one of the highest rates in the world. They say companies cause shortages on purpose, holding products off the market to push up prices.
funny that you forget to notice this section as well: (add sarcasm icon yet again)
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But with inflation so crippling, many shoppers at those stores said the inconvenience was worth it. “It’s an enormous help,” said Ana Lozano, 62, a retiree who takes in ironing to supplement her pension, who was waiting outside the Santa Rosalía grocery. “That’s why there’s such a long line.”
The country now boasts the fairest income distribution in Latin America, as measured by the Gini coefficient index.
In 2011, Venezuela's Gini coefficient fell to 0.39. By way of comparison, Brazil's was 0.52, in itself a historic low.
So every Venezuelan now has a more equal slice of the cake. The trouble is, that cake has not been getting much bigger.
Here is the real problem for Venzulea's future:
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Mr Chavez's government took firm control of PDVSA in 2003, when it fired 40% of the workforce in the aftermath of a general strike aimed at forcing him from power.
But critics have accused the firm of neglecting maintenance while it funnelled oil revenue into government social programmes, especially after an explosion in August 2012 at the Amuay refinery, the country's largest, in which 42 people were killed.
Instead of investing in PDVSA to increase production, Mr Chavez treated it as a cash cow, milking its funds to finance his social spending on housing, healthcare and transport.
What are they going to do when the oil stops flowing, look to the private sector for investment?
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