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Douglas Carpenter

(20,226 posts)
Wed Mar 6, 2013, 01:35 PM Mar 2013

Hugo Chavez’s economic miracle by David Sirota

The Venezuelan leader was often marginalized as a radical. But his brand of socialism achieved real economic gains


Hugo Chavez (Credit: AP/Leslie Mazoch, photo treatment by Salon)

For the last decade in American politics, Hugo Chavez became a potent political weapon – within a few years of his ascent, he was transformed from just a leader of a neighboring nation into a boogeyman synonymous with extremism. Regularly invoked in over-the-top political rhetoric, Chavez’s name became a decontextualized epithet to try to attach to a political opponent so as to make that opponent look like a radical. Because of this, America barely flinched upon hearing the news that the Bush administration tried to orchestrate a coup against the democratically elected Venezuelan leader.

Just to get it out of the way, I’ll state the obvious: with respect to many policies, Chavez was no saint. He, for instance, amassed a troubling record when it came to protecting human rights and basic democratic freedoms (though as Mark Weisbrot of the Center for Economic and Policy notes, “Venezuela is recognized by many scholars to be more democratic than it was in the pre-Chávez era”). His rein also coincided with a boom in violent crime.

When a country goes socialist and it craters, it is laughed off as a harmless and forgettable cautionary tale about the perils of command economics. When, by contrast, a country goes socialist and its economy does what Venezuela’s did, it is not perceived to be a laughing matter – and it is not so easy to write off or to ignore. It suddenly looks like a threat to the corporate capitalism, especially when said country has valuable oil resources that global powerhouses like the United States rely on.

http://www.salon.com/2013/03/06/hugo_chavezs_economic_miracle/
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The Magistrate

(95,247 posts)
1. Very True, Sir
Wed Mar 6, 2013, 01:40 PM
Mar 2013

It is precisely because of this that there is such rot talked about him, and so many side-issues and trivialities raised by his foes.

jsr

(7,712 posts)
2. It's undeniable
Wed Mar 6, 2013, 01:43 PM
Mar 2013

what he accomplished for the poor in Venezuela.

http://www.nytimes.com/2013/03/07/world/americas/for-good-or-ill-chavez-altered-how-venezuela-views-itself.html
... a small, well-run hospital in a nearby neighborhood called Macuto has become a symbol of rebirth after the 1999 flooding. A maternity hospital before the mudslides, it has expanded, with more than 200 babies born there each month and doctors performing hundreds of vital operations, including eye and breast cancer surgery. All of its services are free.

sabrina 1

(62,325 posts)
6. And that is one of his main crimes, he cared about the poor and demonstrated
Wed Mar 6, 2013, 07:37 PM
Mar 2013

just how wrong the far right is when they oppose Social Programs in a country. He made them look bad, exposed them by proving it, as the liars and greedy, selfish morons they are.

He will be missed very much in his country. But with a more educated population now and with women now, thanks to him, very much engaged in the political process there, I think he did enough to ensure that the far right will not be able to undo all the work he did.

Bake

(21,977 posts)
4. His "economic miracle" was completely tied to the price of oil
Wed Mar 6, 2013, 03:04 PM
Mar 2013

For better or worse. Oil's up, Venezuela is flush. Oil's down, not so much.

Bake

Douglas Carpenter

(20,226 posts)
5. but until Chavez redirected the oil wealth toward the whole country and all the people rather than
Wed Mar 6, 2013, 07:09 PM
Mar 2013

Last edited Wed Mar 6, 2013, 08:27 PM - Edit history (1)

just a small upper class - rising oil prices were not of much benefit toward the vast majority. It was Chavez who changed fundamentally how a already nationalized - already state owned oil company distributed the oil wealth.

sabrina 1

(62,325 posts)
7. Yes, and wasn't it great that the PEOPLE finally got to benefit from their own
Wed Mar 6, 2013, 07:41 PM
Mar 2013

resources, rather than, like here eg, all of the profits from OUR oil, going to Global Oil Cartels.

Bake

(21,977 posts)
8. Absolutely! And I wish we'd do that here.
Wed Mar 6, 2013, 07:45 PM
Mar 2013

My observation was simply that Chavez put all his economic eggs in one basket, i.e., oil, and left the rest of the country's economy to flounder (according to NPR).

Bake

sabrina 1

(62,325 posts)
9. Actually, no he did not ignore the rest of the economy. However when he took
Wed Mar 6, 2013, 07:58 PM
Mar 2013

over, most of the country's wealth was in the hands of approx 20% of the population. 80% of the population was living in poverty and illiteracy was extremely high. So he had to devise a plan, where to begin when you have these kind of problems?

First, he paid off Venezueala's debt to the World Bank, which you think might be considered praise-worthy, assuming that anyone had the interests of that country at heart. He used oil revenues to begin the huge task of lifting his country out of poverty and as he made very clear, providing education to make sure the people could not be taken advantage of again due to a lack of education. Oil money was what he had and he used it well, for a change. But he was well aware that a country needs more than one source of income and he most definitely was working to bolster the natural resources Ven with other means of revenue.

I never read any western media when it comes to Ven. Unless it is independent. We know now, thanks to Wikileaks eg, that hundreds of millions of dollars have been spent to tell lies about Venezuela. We now recognize the 'reporters' better desc ribed as 'propagandists' whose 'work' is often published in the corporate MSM here. It's easy to mistake these 'articles' for legitimate reporting, which is the goal.

The 'story' that Chavez was neglecting other means of bolstering Ven economy and relying only on oil, is one of those 'stories' bought and paid for Global Corporations. It's best to avoid any western media when you want to learn about oil producing countries.

retread

(3,762 posts)
10. "It's best to avoid any western media when you want to learn about oil producing countries. " I find
Wed Mar 6, 2013, 08:19 PM
Mar 2013

this to be true about every country. But especially if oil is a natural resource.

I find myself getting my news of the world more and more from Al Jazeera - English

http://www.aljazeera.com/

And more to your point:
http://www.aljazeera.com/indepth/opinion/2013/03/201336845223249.html

sabrina 1

(62,325 posts)
11. Thank you for the links, and I agree with completely.
Wed Mar 6, 2013, 08:47 PM
Mar 2013

The best journalists are no longer here, sadly. Even our own good ones are not free to report the facts and if they try to, they will not be hired by the Corporate media.

I read Al Jazeera also, and RT is another good source for international news absent the propaganda we get here.

Excellent observation from your link:

Given the established media's conviction that the proper way for poor citizens of the world to improve their lot in life is via US-directed corporate globalisation schemes, it is unsurprising that alternative methods are portrayed in a fundamentally negative light.


If he had done nothing else in his 12 years as President than get Venezuela out from under the World Bank and the IMF, that would have been enough to release his country from Western Corporate Domination. But he did much, much more than that as apparently his own realized. And they are the ones that matter regarding any opinion of him.

'He had broad support in Ven'. I think they know best whether or not he was good for Ven.
 

GatoGordo

(2,412 posts)
16. Its no coincidence that RT shares "news stories" with TeleSur
Tue Jul 17, 2018, 06:11 PM
Jul 2018

TeleSur almost entirely financed by Venezuela, who also controls the content.

You won't find a single example of their writers (they never have a byline) disparaging Putin nor the extremist LA left.

EX500rider

(10,849 posts)
14. Oh so wrong...
Mon Mar 6, 2017, 03:46 PM
Mar 2017

.....they blew over 100 billion dollars of oil money and are approaching Mad Max civilization status now.

Wouldn't be that hard to turn around, get rid of the price controls and currency controls and the market would stabilize and they'd have food in the stores again.

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