Chavez may or may not be dead, but the Venezuela he leaves behind is. Chavez's lunatic socialist rubbish turned what should be a prosperous oil-rich country into a country riddled with dysfunction, violence and food shortages.
It's a
cocaine hub, Chavez's defense minister has
ties and
supports the Colombian leftist drug gang, FARC. He's spent billions on Russian arms on the loopy pretext that America is going to invade and steal all their oil.
Overcrowded prisons frequently erupt in
riots. There is no
economic freedom. Property rights don't exist. Banks, radio stations, factories, offices, farms, property, you name it. He wants your stuff, he takes your stuff. "For the revolution" of course. Even Communist Cuba has more respect for property rights. Appalling levels of corruption are the norm.
Your money isn't safe there. Smart people are getting it out of the country as quick as they can where Hugo can't get his greasy hands on it. The government prints money and spends like a drunken sailor. It's broke. Debt has skyrocketed. Inflation is through the roof. The currency is
devaluing. There are taxes on everything for everything. Wanna start up a business?
The government will punish you for it. That'll teach you to be a dirty capitalist.
And let's not forget that Chavez holds all the political cards. There is no independent judiciary, press freedom is stifled, critics are harassed, and the president rules by decree.
Hopefully Chavez's death shakes the cultists and sycophants out of their stupor and paves the way for democratic and free market reforms.