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The fruits of incompetence. 7 Jul 2010 | 03:01 pm
Some recent economic growth rates from around Latin America: Brazil 9% in Q1 Mexico 4.3% in Q1 Peru 9.3% in April Paraguay 11% in Q1 Ecuador .6% in Q1 Colombia 4.4% in Q1 For the record, Venezu...
Walmart socialism 19 Jun 2010 | 02:14 pm
The "socialism" of Hugo Chavez has always been notable for its lack of clear definition. Well today maybe it became a bit clearer when President Chavez said: "Socialism sells more, sells better, and...
In the good old days I'd have gotten all giddy over this... 20 May 2010 | 01:36 pm
Back in the days when I actually believed Chavez when he talked about new projects and plans I would have gotten all worked up and excited over this: We are told the Chinese will help set up factorie...
Yet more subsidies for the rich... 17 May 2010 | 02:53 am
As is well known, Venezuela has an official fixed exchange rate between the its Bolivar currency and the U.S. dollar. It is also well known to be an overvalued currency and while the government gives ...
Even Chavez doesn't buy Venezuelan products 9 May 2010 | 04:23 am
Want to see a clear example of why Venezuela is not developing? Take a look at the beginning of this video: Chavez shows off his shiny new Blackberry cellphone and asks rhetorically why he shouldn't ...
Yeah, but it's not South Korea or Tawain or China either. 7 May 2010 | 01:48 pm
Today Mark Weisbrot wrote yet another interesting article on Venezuela's economic situation - this time entitled "Venezuela is not Greece": With Venezuela's economy having contracted last year (as di...
Imagine if it were PDVSA that was screwing up this badly. 2 May 2010 | 06:07 am
It looks like the combined incompetence of British Petroleum and the U.S. government are going to wipe out a good chunk of the Gulf of Mexico. What can I say, shit happens. Despite all your technolo...
Don't hold your breath Mark, don't hold your breath. 21 Apr 2010 | 02:41 pm
When reality keeps smacking you in the face year after year there just comes a point when you can no longer deny it. Mark Weisbrot has apparently reached such a point in acknowledging that the Chavez ...
Turns out agriculture isn't doing all that well after all 18 Apr 2010 | 04:38 am
There has been much discussion on this blog regarding how agricultural production has been doing. Some have asserted that production has increased 50% or even doubled. Turns out, straight from the mo...
It's really sad to see how low some will sink... 9 Apr 2010 | 02:21 pm
In the latest example of how low some will sink and how they really have no principals we have this from Eva Golinger Venezuelanalysis: Those defending Alvarez Paz shield themselves behind concepts o...
