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; 9:05:06 PM

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Sunday, January 02, 2005


Sometimes it is truly hard to know what is going on. On the same day that the Governor of Yaracuy, not exactly Daniel’s favorite person, issues his own decree “rescuing” lands in his state, the Land Institute issues a communiqué saying that the intervention of lands requires a presidential decree. (El Nacional, page A-14, by subscription). Thus, three decrees intervening land and now a step back?

Well, as usual, it is unclear. All the Land Institute is saying is that it will have a meeting tomorrow about these issues. The Land Institute did say that Governors and Mayors have the duty to fulfill with the requirements of legislation, but is qualifies the need for a presidential decree to do it.

 

Thus, it is not as easy as the Governor of Cojedes suggested, saying that legal formalities have to be bypassed in the name of social Justice. Even if Governor Yanez had the backing of the President it is clear that there are some divisions on the issue. First of all, there is the Head of the Land Institute Eliezer Otaiza who obviously feels threatened as the interventions by the Governors certainly make his Land Institute useless. Moreover, all of the Governors have been saying they acted because of the slowness  by the Land Institute in executing its mandates, something that affects Otaiza directly as he may go out of favor in the eyes of President Chavez.

 

But the most significant problem appears to be that the Governor of Cojedes included the land of the El Charcote farm, owned by British Group Vestey and that Embassy has not only expressed its concerns about the intervention, but apparently the Vice-President of Venezuela José Vicente Rangel had made promises to British authorities about their land being protected.

 

So, this is simply another reflection of improvisation, disregard for the law and the fear by the Chavista Government of international repercussions to their actions. A true revolution would simply not care about the British and some rich British family with investments in Venezuela. But this is a revolution based on the manipulation of the media and information, particularly the foreign media, thus this issue may hurt because of the inclusion of foreign land.

 

In the days ahead we should have a clearer picture of what is going on. Our suspicion is that we will see some form of unifying concept to try to give these gubernatorial decrees some legality followed by a promise of coordination by the Institute of Land.  Ninety days from now, as the decrees term expires, the issue will once again be revived with full force.


8:24:48 PM    comment []


Interesting, it is January 2nd. And a number of Government promises for the end of the year 2004, have failed to take place:

-There has been no resolution of the Danilo Anderson case as promised before the end of the year by the Minister of Justice and the Governor of Miranda (Who has no official connection to the case)

 

-There has been no announcement of a devaluation as announced by the old Minisiter of Finance.

 

-The new Government airline has yet to fly once.

 

-We are still waiting for the PDVSA financials

 

by the way, where is Silvino Bustillos?

 

Oh yes! There is some good news, inflation in December was 1.6% making the year end CPI 19.4%, even below Government estimates. Two caveats about this number: One, it was announced in the morning of the 31st. of Decembers as if the last two days of the years did not matter. Two, foodstuffs were up 28.4% and transportation was up 24.2%, these are the two items in which poor people spend the most money.


8:23:08 PM    comment []



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