The Devil's Excrement





  The Devil's Excrement
Observations focused on the problems of an underdeveloped country, Venezuela, with some serendipity about the world (orchids, techs, science, investments, politics) at large. A famous Venezuelan, Juan Pablo Perez Alfonzo, referred to oil as the devil's excrement. For countries, easy wealth appears indeed to be the sure path to failure. Venezuela might be a clear example of that.
Last updated:
3/10/2008; 9:41:28 PM

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Thursday, August 08, 2002


Digression 2: US lags in Broadband

 

Surprising (to me!!) article by Jim Seymor of RealMoney.com (need subscription to read it), about how the US has been lagging in broadband due to silly pricing policies. The following table tells the whole story:

 

Country

Broadband Subscribers

Percentage of Homes

Korea

5.8 million

40.0%

Canada

1.9 million

16.24

U.S.

10 million

9.52

Germany

1.5 million

3.94

Japan

1.5 million

3.36

 

The US has lower broadband penetration than Korea or Canada after being the leader in recent years. Seymor blames stupid and inept marketing as well as misunderstanding of management of what broadband is.Do you believe it? Any other explanations out there?


11:13:48 AM    comment []


Banana Republics 101 part III. Act II: New Republic, also Banana-like

 

Victor was sworn in early February, which he did by calling the Constitution a dying instrument. Things did not look great that day, he named an Urban Planner as Minister of Planning, ratified a sociologist as Minister of Finance, and an octogenarian former union leader as Minister of the Interior and sprinkled the Cabinet with current and former military. He immediately asked for extraordinary power on economic matters for six months and proposed a referendum to ask the people to have elections to create a Constituent Assembly, approved by 92% of the population. In July, the people elect 121 of 131 representatives from Victor’s supporters in an unprecedented support. While a new Constitution is written Victor travels to Asia, Europe and Cuba to visit his good friend Fidel Castro. Victor enjoys himself playing baseball and bores his people with long televised speeches.  Upon his return from his first trip, the head of intelligence, shows him proof of as many as 46 cases of corruption. In December of that year the focus on politics distracts the Government from the heavy rains and on the same day that the new Constitution is approved, mud slides in the coastal areas kill an estimated 40 to 50 thousand people. Victor has to use force on looters, some people are shot. Lost in the shuffle of the new Constitution is the power vacuum left between the new Constitution takes effect and elections for representatives. Victor’s Government appoints a “Little Congress”, which has no legal, democratic or constitutional basis. Nobody nationally or internationally says much about it. Who cares about democracy when bananas are involved!!!!


11:10:03 AM    comment []



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