Microanalysis of Venezuela (Designed to Fit on a Post-It) By S. Artesian

21 June 2016 — The Wolf Report: Nonconfidential analysis for the anti-investor

As in Greece with its “new socialists,” the Bolivarian “revolutonaries” in Venezuela have decided it’s better to starve the people than to repudiate the international debt.

Chavez’s “socialism” was nothing other than an iteration of the oft-repeated and always failing strategy of “sowing the oil” to create a dynamic economy. Didn’t work then, doesn’t work now. Oil production for export is simply the pre-formation of a tourist-driven economy — the product, producers, and reproduction of non-development. The economic footprint of the industry is so huge that the level of support it requires exhausts the rest of the economy, deprives the society of any basis, of sufficient resources to enhance productivity in other sectors. “Black gold,” my ass.  Tar pits, sucking down flesh, bone, and blood is more like it.

So while the “left” salutes, or bemoans, Syriza’s loyalty, or betrayal, in its allegiance to the EU and paying its debt; and while the “left” repeats the salutes, with fingers crossed, for a Britain led by its government of the posh +  punters + toffs + tossers to remain in that international association for the advancement of capital, it should keep one hand free for applauding the righteousness of the Bolivarian revolutionaries.

Meanwhile, I’ve seen the Bolivarian future, and it looks a lot like Greece dancing to the music of the gaitas and guacharacas.  The shelves are empty, pero bailar mis queridos. Cumbia, Cumbia!

Chicha, mis queridos! It won’t be long until the tanks are rolling, your rich dig up a new Pinochet, and the light at the end of the tunnel is just a white phosphorous round coming your way,

S.Artesian

address all comments to: sartesian@earthlink.net

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