South American Developments

I note recent events in South America, specifically the regime arising in Venezuela. This from CNN:


But, how modern really is the socialism that Chavez proposes for Venezuela?

Given the announcements made last week, when he was inaugurated for a new term and named a new Cabinet, we can say that Venezuela is heading towards the old communism of the last century, and more in the Cuban or North Korean style than the Chinese.

The decisions announced by Chavez are very similar to those taken in the early years of the Cuban Revolution.

And what’s paying for all of this? American SUV’s… Our fourth biggest supplier of oil is Venezuela. For those keeping track—Nigeria is number five. (data from here)