Sunday, July 27, 2014

More on the late Hugo Chavez

For many, socialist Hugo Chavez was a saint.  More likely, he was an ideologue, authoritarian and a threat to his own nation's economy.  The Economist writes:
"IN 2003 Venezuela’s then president, Hugo Chávez, fired more than 18,000 employees, almost half the workforce, of the state-run oil corporation, Petróleos de Venezuela (PDVSA). Their offence was to have taken part in a strike (pictured) called in protest at the politicisation of the company. Their punishment was to be barred from jobs not only in PDVSA itself but also in any company doing business with the oil firm. The axe fell heavily on managers and technicians: around 80% of the staff at Intevep, PDVSA’s research arm, are thought to have joined the strike. At the stroke of a pen, Venezuela lost its oil intelligentsia.
It was a blow from which PDVSA has never recovered."  Don't let anyone tell you there is no such thing as a left-wing authoritarian.

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