Report: Chavez's cancer has 'entered the end stage

[ChangoLoa]

14. Argentina has restarted an industrial policy, Brazil a little less

Venezuela NADA. We're still evolving on the same open trade frame that we inherited from the 1989 reform. This government hasn't changed it since 1999. Rhetoric is one thing, applied macro policies are a different one. In our case, the dependency on imports and the industrial recession have only deepened. Constantly, since 1989. There's not any more formal employment than there was when oil's export value was 15$.

Conclusion: the windfall gains from the oil shock haven't been used to create a less dependent economy/society. They've only helped to import huge quantities of consumption goods... great! We're like the UAE, with almost 30 million people.

But a really great Venezuelan free and universal healthcare, some say? I suggest you check the WHO list... the one where Cuba and the US are almost tied. The one we saw in M. Moore's "Sicko". Where's Venezuela? Between Albania and Jamaica. 17 steps lower than the mediocre US.

If oil price goes down to even 70$ a barrel... I don't want to imagine what would happen here.