Meta-Blog

SEARCH QandO

Email:
Jon Henke
Bruce "McQ" McQuain
Dale Franks
Bryan Pick
Billy Hollis
Lance Paddock
MichaelW

BLOGROLL QandO

 
 
Recent Posts
The Ayers Resurrection Tour
Special Friends Get Special Breaks
One Hour
The Hope and Change Express - stalled in the slow lane
Michael Steele New RNC Chairman
Things that make you go "hmmmm"...
Oh yeah, that "rule of law" thing ...
Putting Dollar Signs in Front Of The AGW Hoax
Moving toward a 60 vote majority?
Do As I Say ....
 
 
QandO Newsroom

Newsroom Home Page

US News

US National News
Politics
Business
Science
Technology
Health
Entertainment
Sports
Opinion/Editorial

International News

Top World New
Iraq News
Mideast Conflict

Blogging

Blogpulse Daily Highlights
Daypop Top 40 Links

Regional

Regional News

Publications

News Publications

 
Socialism is the answer ...
Posted by: McQ on Friday, July 13, 2007

Or so claims Hugo Chavez, dictator of Venezuela. Amir Taheri gives us a progress report as to how that's working out south of the border.

Chavez now has unfettered access to Venezuela's oil wealth to the tune of 180 billion in net oil revenues. He's added 30 billion in borrowing, not to mention other revenues from taxes, customs duties, etc.

So life is good, eh? And poverty is on the run?
Yet, under Chavez, Venezuela's public debt (domestic and foreign) has risen from $21 to almost $47 billion. His own government's reports show a steady rise in the number of people below the poverty line. Despite a $5 billion bonanza from the seizure of foreign funds from the Venezuelan Central Bank, the government last year issued bonds worth $4 billion to cover a looming budget deficit.
What's going on? Well for one, those who can and have the means are leaving the country like rats deserting a sinking ship. Not only them but their money:
Over the last eight years, Venezuelans have transferred something like $70 billion to foreign (mostly American) banks.
I'm sure that problem is somewhere on Chavez's list to be stopped, by decree of course.

And then there's the apparent decision of Chavez to give priority and money to fighting the phantom of Yankee Imperialism than taking care of poverty like he promised.

That, of course, has him allied with the likes of Iran and Cuba. And Taheri points out that for a so-called "Bolivarian" revolutionary, that's not exactly the sort of company he should be keeping as Bolivar was a champion of the working class:
Ahmadinejad and Chavez traveled to southern Iran, where a giant petrochemical complex has been under construction for years. Walking hand-in-hand and exchanging sentimental phrases, the couple visited Asaluyeh - one of the most deprived areas of Iran's poverty-stricken Deep South. There, Chavez spoke of " the toiling masses' right to a better life."

Yet part of his visit had been cancelled to avoid construction workers who've been on strike since April. (One grievance: They hadn't been paid for six months.) Several of their leaders have been arrested by the secret police and shipped to unknown destinations.

Asaluyeh workers are frequently beaten up by thugs working for government owned companies and their French partners. The majority of Asaluyeh's 60,000 workers are poverty-stricken individuals who have come from all over Iran to earn a living for families left behind - families they often are not allowed to visit for months on end.

A recent Shiraz University study described conditions at Asaluyeh sites as "akin to slave labour camps." The average six-day working week can run into 70 hours; most workers, hired on a daily basis, get no paid holidays at all. They live in overcrowded huts provided by employers, who charge up to half of the average wage as rent. Food and other necessities are also available only in company-owned shops, often at prices twice higher than the average in the province.
He may know the revolutionary rhetoric, but it appears he doesn't understand that the laws of economics aren't impressed by that. And his fixation on battling mythical external enemies has caused him to take his eye off the ball at home. Like Zimbabwe, Venezuela is in for some very rough times. Unfortunately that's what happens when you give total power to an incompetent, tin-pot dictator with delusions of grandeur who thinks that Iran is a 'worker's paradise' and being like Fidel would be nirvana.
 
TrackBacks
Return to Main Blog Page
 
 

Previous Comments to this Post 

Comments
You load sixteen tons, and what do you get?
Another day older and deeper in debt.
Mohamed, don’t you call me, ’cause I can’t go;
I owe my soul to the company store...
 
Written By: Jay Evans
URL: http://
I think you make the mistake of giving Chavez too much credit. He doesn’t care about the economy. All he cares about is Hugo. As long as Hugo remains in control, Hugo will sleep in a palace, Hugo will eat fine food and keep his belly full, Hugo will have wine, women and song.

That’s what dictators do. Economics is not their concern outside of claiming ’socialism’ is best for the peasants so that money can continue to funnel into their coffers.
 
Written By: Robb Allen
URL: http://blog.robballen.com
Asaluyeh workers are frequently beaten up by thugs working for government owned companies and their French partners.
The French always seem to turn up in the fine print in these types of stories. Lucky for them that they are not subject to the same type of scrutiny as the US is by the "Joe Cole Left".
 
Written By: Aldo
URL: http://
Whether it’s a Socialist like Chavez or a Royal Family like the House of Saud, the sad, sad truth of the oil rich states is that almost always corrupt dictators or bureaucrats control the oil wealth, line the pockets of a few, prance around on the world stage as if they’re important, and when in a few decades the oil is gone, the country will be worse off than before. Sickening.
 
Written By: Scott Erb
URL: http://faculty.umf.maine.edu/~erb/blog.htm
Trackbacked by The Thunder Run - Web Reconnaissance for 07/14/2007
A short recon of what’s out there that might draw your attention updated throughout the day…so check back often. This is a weekend edition so updates are as time and family permits.
 
Written By: David M
URL: http://thunderrun.blogspot.com/

 
Add Your Comment
  NOTICE: While we don't wish to censor your thoughts, we do blacklist certain terms of profanity or obscenity. This is not to muzzle you, but to ensure that the blog remains work-safe for our readers. If you wish to use profanity, simply insert asterisks (*) where the vowels usually go. Your meaning will still be clear, but our readers will be able to view the blog without worrying that content monitoring will get them in trouble when reading it.
Comments for this entry are closed.
Name:
Email:
URL:
HTML Tools:
Bold Italic Blockquote Hyperlink
Comment:
   
 
Vicious Capitalism

Divider

Buy Dale's Book!
Slackernomics by Dale Franks

Divider

Divider