Sep
24
2010
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PERDUE: The last election in Venezuela?

This article was originally posted by The Washington Times

On Dec. 28, 2006, Hugo Chavez played a joke on the radio for Dia de los Inocentes, the Latin American equivalent of April Fool’s Day. He announced that he was tired of being president and was going to resign. After a short pause, he impishly shouted, ”Ha ha! Gotcha!” Almost four years later, many in Venezuela feel as if the joke is still on them as elections become less of a civic exercise and more of a tool of the regime to cement its incremental autocracy.

When the New York Times and CNN reported recently that Venezuela is now more violent than Iraq, Hugo Chavez responded in a newspaper article by blaming the previous administration. Mr. Chavez has been in office for 11 years. With important elections looming Sunday, it would seem more prudent to announce a new anti-crime initiative or at least to feign concern for the country’s escalating crime wave.

Instead, Chavez regime officials have been threatening the opposition. “Our revolution is peaceful, but it’s also armed,” warned former mayor of Caracas and Chavez supporter Freddy Bernal. “If the bourgeois brings out its weapons again, we’ll bring out ours as well. Don’t forget it.” Aristobulo Isturiz, a Chavista campaign coordinator, was quoted as saying, “Either we liquidate them or they liquidate us.”

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Sep
23
2010
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Venezuela’s Opposition Unites Against Chávez

This article was orginally posted by The Wall Street Journal

President Hugo Chávez’s drive to install “21st-century socialism” in Venezuela appears likely to hit roadblock Sunday when voters choose a new congress in the country’s first contested legislative elections in a decade.

Opposition parties are fielding joint candidates to face off against Mr. Chávez’s United Socialist Party of Venezuela, and hope to win at least one-third of the 165 seats in Congress to block the president from pushing through constitutional changes as part of his self-styled socialist revolution.

Mr. Chávez predicts his party will easily win two-thirds of the seats, and has named his party’s campaign “Operation Demolition.” Victory would bolster the 56-year-old president’s bid for a fourth term in 2012.

Pro-Chávez lawmakers now dominate the vast majority of seats in Congress, a result of the opposition’s refusal to take part in what they called rigged elections in 2005. That decision, most opposition leaders now agree, was disastrous. Congress became a rubber-stamp body. The opposition lost what could have been a pulpit from which to criticize government policies.

In recent months, Mr. Chávez’s popularity has been eroded by recession, a wave of violent crime and the hemisphere’s highest inflation, running at 30% in the 12 months ended in August. The president also has had to deal with electricity blackouts and food shortages, amid a scandal in which thousands of tons of food purchased by the government rotted while awaiting distribution.

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Sep
22
2010
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Venezuela: 174 expropriations in 2010

The Venezuelan government has expropriated 174 companies in 2010 alone, according to a new report from COINDUSTRIA. At least 129 are related to the oil and energy sector. 15 food companies and supermarkets have been expropriated as well since January. The rate of private property expropriations has now risen 923.5% since 2007.

COINDUSTRIA is a trade association representing the Venezuelan industrial sector. In total, it represents over half a million Venezuelans.

“The Government compensates the companies that have an embassy to claim their rights, while the Venezuelans have no one to defend them,” said Coindustria President Carlos Larrazabal.

Economist Asdrubal Oliveros of Ecoanalitica estimates that the government is spending 11% of its GDP on nationalization alone.