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Mac Margolis has written a terrific analysis of the long-term problems that Venezuela is facing because of Hugo Chavez's policies. Mac's report suggests that Venezuela is a slow-moving train wreck -- one that can be avoided only as long as oil prices remain high.
Under Chavez, Venezuela has become ever-more dependent on PDVSA's income.
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Inside South America is written by Jim Wyss, the South America bureau chief for the Miami Herald and McClatchy Newspapers.
Feel free to send a story suggestion. Read Jim's stories at MiamiHerald.com.
Of course people are leaving. What kind of intelligent person would actually want to live in a Communist society where the hard-earned fruits of your labor are routinely stolen and given to those who haven't done anything to earn them?
Posted by: aquila6 | July 02, 2009 at 10:36 AM