Wednesday, July 27, 2005

Coronel on Telesur: A must read Gustavo Coronel takes apart Telesur in this great article. An excerpt: The quality of Telesur is very low but, at least, the adventure has been cheap so far. Compared to the several billions of dollars Chávez has recently spent in military hardware including aircraft, warships, helicopters, rifles, Argentinean debt bonds, PetroCaribe and PetroAndina and the billions he has already pledged to buy Ecuadorian debt, oil tankers made in Brazil and to bail out the Uruguayan airline, the US$10 million capital he put into Telesur is peanuts. Of course, only Venezuelan street children could appreciate how welcome such an amount would be to take hundreds of them off the street, off drugs and prostitution. In the context of the glorious Chávez revolution this amount is just a small initial contribution to his dreams of regional hegemony. 8:51:40 AM    comment []