Skip to content

A Look at the Bolivarian Revolution

Everyone has been excited to see Evo Morales get reelected for another mandate, and I don't have much of an opinion about that. But watch out for those of you who would like to point to the reelection as an example of success for the famous, Hugo Chavez-inspired "Bolivarian Revolution."

The name refers to Simon Bolivar, not the modern-day nation, and before anyone gets too excited about the name, it's useful to take a look at what Chavez actually accomplished in his nation before shuffling off this mortal coil.


  1. Venezuela is now forced to import light, crude oil from Algeria despite being the world's 9th largest - but inefficient - oil producer on earth
  2. Inflation is spiralling out of control at over 60% per year
  3. Basic consumer goods, like toilet paper, are close to unavailable, or in serious shortage, despite government intervention
  4. Finally, while Africa is booming, mostly, Venezuelan sovereign bonds, that is official government debt, is three times less valuable than that of Ivory Coast, a nation that defaulted on a loan and had a civil war less than three years ago.


Nice work, Chaver. Your work will be "appreciated" by generations of Venezuelans to come.

Image courtesy of Zhou Yulong over at Behance. What a spectacular artist, and what an awesome photo series.

Disqus Comments, 0 Trackbacks">Disqus Comments

Trackbacks

No Trackbacks

Comments

Display comments as Linear | Threaded

No comments

Add Comment

Enclosing asterisks marks text as bold (*word*), underscore are made via _word_.
Standard emoticons like :-) and ;-) are converted to images.
E-Mail addresses will not be displayed and will only be used for E-Mail notifications.

To prevent automated Bots from commentspamming, please enter the string you see in the image below in the appropriate input box. Your comment will only be submitted if the strings match. Please ensure that your browser supports and accepts cookies, or your comment cannot be verified correctly.
CAPTCHA 1CAPTCHA 2CAPTCHA 3CAPTCHA 4CAPTCHA 5


Form options