DC
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thanks for the link, interesting read.
Poverty in Venezuela dropped by 24.5 percentage points over the last decade
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thanks for the link, interesting read.
WildCat
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How so? Is Veneauela unable to tax the oil? Or lease the rights?
How is that state owned oil company (Pemex) working out in Mexico?
WildCat
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And on selling a certain number of barrels per year, which isn't going to happen given OPECs (and Venezuela is a member) recent production cuts.
geni
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Not sure the goverment owned the rights and taxation requires that the politicans not be owned by the oil companies (there are also an impressive collection of ways to reduce your tax burden in any given country availible to multinationals).
Companies also have other forms of leverage under such conditions (increase taxes and we stop investing and so on).
Surfice to say prior to Chávez Venezuela appeared to be unable to convert it's oil sales into investment in other areas.
No idea but Mexico's economy has always been less dependent on oil.
geni
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Reports from a wide range of sources which have no reason to make things up. There has also been no denial of either claim. The Coup attempt was in 1992 when no one would would have any reason to make things up about the guy and for it to be false well we are getting close to 9/11 thrutherdom.
Wait, even you agree he's nuts, and that he wants to extend his term indefinitely, and that doesn't bother you?
Can't you put 2 and 2 together?
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DC
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ah you talk about the coup, yes, Chavez and others in the Army tryed it with a coup. I think it was wrong. On the otherhand i can undestand that the army tryed to stand up for the peoples right, especially after the Caracazo.
But he changed alot, and i think this is especially thanks to Miquilena.
DC
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yes i think he is a little nutty. but i guess in a totaly diffrent way than you think he is
and he wants to be able to run more than only 2 times for president. he still needs to be elected and can still be kicked out of office before the end of term by a recall referendum.
yes i see no problem with it.
his nutty rethorics makes him nutty for me, but not his politic.
Chavez is elected as president, that is different than dictator.
At the coup against him, I recall the white house saying something like.
It is a "victory for democracy" and his replacement "a responsible buisnessman"
Guess some people define democracy/dictatorship by how the leader serve their interrests.
At the coup against him, I recall the white house saying something like.
It is a "victory for democracy" and his replacement "a responsible buisnessman"
Guess some people define democracy/dictatorship by how the leader serve their interrests.
I'm guessing he's hoping for the Israel/Hamas conflict to drag out for awhile. Oil prices are on the rise at the moment.
DC
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Mainly he is called dictator out of prejudice.
and second because the National Assembly granted him special powers to rule by decree. Afaik sofar this special powers have not been abused, and was mainly used for economic changes and nationalising of service companys.
Alferd_Packer
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Even if the growth is not in oil related industries, it is funded by and fueled by
the profits of the oil industry. If oil profits evaporate, then so will the growth.Alferd_Packer
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Interesting how he lowballed the '08 buget and gave himself a huge boat load of cash to play with with no legislative oversight.
Cute.
DC
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Even if the growth is not in oil related industries, it is funded by and fueled by
eerm what are they suposed to do?
i think an early shift away from oil industry, strenghten and expanding other industries are the right things to do. similar things are done in Dubay. They realise that one day, oil and other natural resources will be gone. So they build up other industries.
Dubai and Venezuala are very different in how they are investing the money and also how they work with foreign investors. If the oil cord is ever cut, Dubai will be in a stronger position.
Besides, the oil revenues as % of GDP in both countries make them uncomparable.
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DC
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oh indeed they are, but imho the similarity is trying to go away from oil only. while Dubay is not trying anymore they succeded already in that.
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dudalb
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Quite a few dictators start by getting elected...Mugabe comes to mind.
Not that it really matters to the Militant Lefties. They have loved lots of unelected dicators so long as they mouth the proper cliches...Stalin, Mao, Pol Pot, and Castro comes to mind.
The fact is Democracy is disposble to the Hard Line idologues so long as the person doing the disposing has The True Faith.
DC
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can you collect signatures and start a referendum, to recall the President of your country once he served half his term?
Right, but look at the industries being built. Dubai invests in tourism, ports, air travel, finance, IT, construction, etc. Industries designed to serve the rest of the world. Then look at Venezuala. Social services and military. While good in the short term, building low income housing on golf courses is not going to create a long term solution and alienating everyone financially is only going to hurt later. You should see how hard it is to get medical equipment into Columbia or Venezuala by private investors without long delays and money.