Filed under: Economy, Energy, Latin America, Socialism | Tags: Socialist Failure, Two Billion Dollar Fortune, Venezuela's Hugo Chavez
Venezuelan dictatorial socialist president Hugo Chavez has died, and his impoverished country has slight chance for recovery. He has held power and repressed his people to create his vision of a “Bolivarian state, “looking backwards to the glory days of the liberator Simon Bolivar. A new election will be held soon, Vice President Nicolas Maduro (Chavez’s appointed heir) is set to run against chief opposition leader Henrique Capriles.
This will be an interesting choice to see whether state propaganda of how much Chavez loved the poor of Venezuela whom he oppressed, deprived of food, opportunity and electricity, and essentially eliminated the middle class, will trump the $2 billion dollars of graft and oil money that he managed to squirrel away as his personal fortune. He mismanaged Venezuela’s oil resources, and mismanaged the country. They say they are going to embalm him and put his body in a glass case in imitation of other communist dictators. Why do they do that?
Former President Jimmy Carter “commitment to improving the lives of his fellow countrymen” and said he would be remembered for his bold assertion of autonomy and independence for Latin American governments and for his formidable communication skills and personal connection with supporters in his country and abroad to whom he gave hope and empowerment.” Well, what did you expect, it’s Jimmy Carter.
The Atlantic wrote, presumably while weeping openly, Passionate and charismatic, Chavez slipped comfortably into the role of romantic Latin American revolutionary, championing the poor against an unfeeling local oligarchy and its imperial paymasters…Today millions of Venezuelans will weep tears of genuine anguish at his passing.”
Bloomberg TV said “He rode a wave of revolution into power, and over 14 years would transform his country’s place on the world stage…It was oil revenues that allowed Chavez to pour money into food and education programs in Venezuela.” —and apparently his pockets. Those revolutionary socialist ideas never work. The poor remain poor, and the rest of society is made poor as well, but they do manage to thoroughly enrich themselves. Casts a pall on their ‘legacy.’