Oct
19
2011
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Study Documents Failures of Economic Policies of Chávez’s So-Called 21st Century Socialism

From 2007 to 2010, Venezuela has spent more than $23 billion on expropriations, acquisitions, and the creation of companies that follow the socialist production model. Is it working? You decide. What’s Next Venezuela brings you an exclusive interview with Venezuelan Economist Richard K. Obuchi, project coordinator and co-author of the study, Management in the Red: An Evaluation of the Performance of 16 State Companies and General Results of the Socialist Production Model. To reach their…

 
Oct
18
2011
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Chávez Advances His War Against Independent Media Giant Globovisión

In its most recent offensive against the free media, the Venezuelan government imposed a harsh sanction on Globovisión for its coverage of last summer’s prison riots. National Telecommunications Commission President Pedro Maldonado announced Tuesday that Globovisión must pay an “immediate” fine of up to 7.5% of its gross earnings for 2010, which can amount to $2.1 million. Reacting to the government’s announcement, Globovisión Vice President Maria Fernanda Flores said the network has “no way of…

 
Oct
14
2011
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In Case You Missed It… Articles Roundup Week of 10/14/11

In this week’s roundup…As Venezuela wonders about its President’s questionable health, Chávez continues his expropriation spree by declaring his intention to seize private properties on the resort islands of Los Roques; after spending $1.5 billion to support Cuba and other allies, Venezuela announces plans to offer $3 billion in bonds in the local market to relieve the country’s growing debt load. Meanwhile, the political landscape for the 2012 election begins to take shape: Henrique Capriles…