Chavez’ overwhelming achievement was to apply succesfully in a developing country the international law doctrine of a state’s inalienable right to its mineral resources, as declared by the UN General Assembly in 1968. One of the fundamental reasons that the developing world is so poor is that states have been unable to take a reasonable share of the economic benefit from exploitation of their mineral resources. The main reason for this is that multinationals have bribed corrupt politicians for the rights at little purchase cost and low taxation and resource share.

I know Ghana best. Newmont, the world’s biggest gold mining company, has revenues of 1.5 billion dollars in Ghana and pays no corporation or revenue tax. Not one penny (or rather pessowa). And causes vast environmental despoilation and social dislocation. That is how the sytem works, throughout the developing world.

The doctrine of alienable right enables states to simply cancel such scandalous deals, and that is exactly what Chavez did in Venezuela’s oil sector. Cancelled them and imposed fairer arrangements. He applied the huge increase revenues to massively succesful poverty alleviation via social programmes, housing and education.

The western states of course do everything to stop developing countries doing this, on behalf of the multinationals who control the politicians. They threaten (and I am an eye-witness) aid cancellation, disinvestment and trade sanctions. They work to make you a political pariah (just watch the media on Chavez today). They secretly sponsor, bankroll and train your opponents. The death of such “dangerous” leaders is a good outcome for them, as in Allende or Lumumba.