Wednesday, May 11, 2005

Marx or Aristotle?--the price of liberation theology

The Bad Hair blog shows the effect of Marxist Chavez on Venezuela:

Chávez appears to have huge support from the poor: The Venezuelan poor seem to love Chávez's nanny state, and his extremely succesful public relations gimmicks. Fidel Castro is Chávez mentor in many ways, and Castro's pupil is exceeding his master. Sadly, as Revista Veja shows, things are a lot worse since Chávez took power:

----------------------------------Before Chávez--- Now
People below poverty level-------43%------------54%
Unemployment---------------------11%------------16%
Income per capita----------------$4,650--------$4,190
Number of industries------------11,000---------5,000
Foreign investment------------$2 billion------$1 billion
Inflation--------------------------11%-------------17%
Public debt------------------$27.5 billion---$44.8 billion

Source: Instituto Nacional de Estadisticas de Venezuela, and The Economist Intelligence Unit.

I had mentioned in a prior post that "poverty in Venezuela rose from 43 percent to 54 percent of the population during Chávez's first four years in office. And extreme poverty -- the percentage of the population that lives on less than $1 a day -- grew from 17 percent to 25 percent during the same period, the figures show." In case you wonder where those numbers came from, they came straight from Venezuela itself.

These numbers are even more dismal when you consider that the price of oil has increased by 600% since Chávez came to power.

Pope Benedict XVI led the fight against liberation theology in the 1980s. It's time for round II.

1 Comments:

At Thursday, 12 May, 2005, Blogger Fausta said...

Thank you GrenfellHunt!

Liberation Theology was ruinous to Latin America. I'm glad you're posting on it.

(this morning's post on Venezuela here

 

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