Venezuela is not a giant golf course
The rich and their golf courses. From their perspective the whole world is one- a wonderland of hillocks and streams and games made just for them, watered without thought for draught, and the world’s poor nowhere to be seen. But a bit of the map has said it doesn’t want to be a golf course. The rich, sweaty and sulking, arm themselves with reports, statistics, surveys, foundations, institutes, and “causes” and set out to prove that Venezuela is burning and broken, its economy is crumbling, its health system is out of order, and its politics are repressive.
In fact, Venezuela has the worst economy in the world, according to a Newsweek study produced in August this year.
The study ranked the world’s 100 “Best Countries” (read biggest countries, read exclude the little islands) according to five factors. In one factor, “economic dynamism”, the U.S ranked second place, and Venezuela 100th. The factors the study used to calculate these rankings included “productive growth”, services as a percentage of GDP, an “innovation index” calculated by the World Economic Forum, and “ease of doing business” which “ranks economies from 1 to 183 on the regulatory environment’s conduciveness to business operation”.
For the U.S to have the second best economy, Newsweek clearly forgot to include factors such as “trillions in debt”, “caused a world financial crisis”, “job and home loss” and “bank collapses”. Or perhaps they didn’t forget, but rather by ‘economic dynamism’ it meant ‘most capitalist country’, because in 2009 the number of millionaires in the U.S rose by 16%, corporations made record breaking profits and CEOs received record breaking bonuses.
http://venezuelanalysis.com/analysis/5907
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