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:
4/2/2007; 8:47:56 PM

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Tuesday, May 18, 2004


The Directors of Sumate held a press conference to inform the public that they have been asked to go to the Attorney General’s office to testify as “accused” in the case of the contribution by the National Endowment for Democracy from the US to their cause. NED contributed $53,400 to Sumate’s efforts. Curiously, the same Attorney General never found any cause for concern with the illegal campaign contribution by Banco Bilbao y Viscaya to Hugo Chavez’ presidential campaign. That contribution was not only illegal, but was never reported by Chavez’ MVR, despite this, the Attorney General never pressed charges. (By the way, NED gave over US$ 1 million in contributions in Venezuela to 15 projects in 2003 alone, how come Sumate is the only one under investigation)


11:13:25 PM    comment []



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