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Collapsing Venezuela |
| Section: CURRENT ISSUES / WORLD PERSPECTIVES: Venezuela and Latin American Upheaval |
| Author: Richard W. Rahn |
| Publication:
The World & I Online |
| Issue Date: 9/1/2007 |
| Size: 829 Words, 5,212 Characters |
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If Venezuelan President Hugo Chavez deliberately intended to sabotage his nation's economy, he would be hard-pressed to do anything different from what he is now doing to his country.
It has been widely reported that Mr. Chavez has been increasingly taking control of the oil, telecommunications and energy sectors, as well as the media. What has not been reported is the full extent of the corruption in Venezuela and how this ultimately will destroy the economy.
The financial scandal taking place is far bigger t...
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...spending far more than they were taking in before the recent drop in oil prices. Without a big jump back up to $70 a barrel or more for oil, the Venezuelans will be increasingly squeezed, and you can bet the blood from the innocent Venezuelan people will be drained long before those on the take from Mr. Chavez agree to have their looting stopped.
Copyright © 2007 The Washington Times, LLC.
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Publication Details
(The World & I Online) |
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The World & I Online is a
comprehensive academic resource that encompasses a broad range of
articles by scholars and experts in the areas of Global Studies,
Liberal Arts, Fine & Applied Arts, General Science, and Spanish.
Originally published monthly in print as The World & I, our site
includes the complete contents since 1986 and continues to publish
a new issue online each month. |
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