Venezuela
For those that just want to know about the bizarre, wonderful country of Venezuela and its even more bizarre current Government
Last updated:
6/8/2008; 10:52:16 PM


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Tuesday, May 20, 2008


Sometimes it gets really boring to write about Venezuela. I mean, how repetitious can I get:

Should I write about PDVSA’s new 3.8 billion US$ loan from some Japanese companies and wonder why with il at US$ 130 per barrel, PDVSA needs to borrow money in exchange for oil?

Been there, done that, the deal is quite similar to one made last year by PDVSA with some other or maybe the same Japanese companies.

Or how about the Government “intervening” (self-intervening) airline company Conviasa, removing its board and throwing another US$ 120 million at that worthless airline. Talk about throwing bad money after bad money. I actually wrote about it a while back and even got hate mail and comments for even suggesting it would be a losing proposition. I like to tell the anecdote that billionaire investor Warren Buffet was asked at Columbia if he had a single piece of advise about investing, what would it be? His answer: Don’t invest in airlines.

Or I could tell you about all of the accusations of violations of Venezuela’s air or land space. Colombia says they didn’t do it, there is no reply. The US says sorry, Venezuela says that’s not enough.

Then Minister of the Interior and Justice says the Interpol evidence would not be valid in a Court of Law. So what? Neither would his testimony that all contacts with the FARC have been under the approval of the Colombian Government, which never approved Ivan Marquez being brought to Caracas or Rodrigo Granda becoming a Venezuelan under Chavez’ Government auspices. And that Mr. Chacin can be proven in a Court of Law, if we wanted to indict you or Chavez.

Or the Chief Prosecutor calling Interpol “clowns”, what else is new, if you are not with Chavez you are an enemy.

Or I could tell you about how stupid or boring the opposition has been. Divided, split or simply talking about elections rather about real problems.

Like the fact that this weekend alone, one person was killed every hour in Caracas alone…

Or that Venezuela ranked in the 123d. place in the global peace index sandwiched between Zimbabwe and Ethiopia and “losing” only to Colombia in the Continent. Is this what revolutions are about?

Instead I prefer to dwell on more positive notes, As you know I am a Red Sox fan, so it pleases me like you would not believe that Jon Lester a 24 year old pitcher who less than two years ago was diagnosed with non-Hodgkins lymphoma, managed to pitch a  no hitter last night, It is not about the no-hitter, it is about rising above problems and having the can do attitude to do it.

Or simply read this, to gain a measure of the ability of the young and the strong to achieve the impossible.

But another 23 year old, this time a Venezuelan, made me extremely proud when he was given the Milton Friedman Award at the Cato Institute. Yon Goicochea gave a speech in a language that was not his own, which was simply charming, exhibiting what made him the natural leader than he is. But if I found his speech charming, he told me more in those few sentences, than opposition leaders have told me in many years. When Goicochea said that it was only the individual and their hard work and beliefs that can change poverty and their fate of our countries, he told me more than any Venezuelan politician in the last few years.

Even if he is twenty three years old, who cares? The other “experienced”, “seasoned” and “older” politicians have failed utterly in unleashing the intelligence of the Venezuelan people the way other countries have.

Watching Goicochea gives me a glimmer of hope in our future, at a time that we seem to be in a path of self-destruction, by both Government and the opposition. He gave in Washington the only speech I have heard recently calling for less Government, more empowering of the people and using the will, intelligence and talent of the people.All in an atmosphere of freedom to unleash the power of the individual.

Compare that to the Chavez Government whose idea of “high tech” is changing clocks by half an hour or chopping three zeroes off the currency.

Only ideas can change Venezuela and not the bad ones the Chavez Government seems to come up with daily. Hopefully, hundreds of Goicocheas will sprout off the student movement, giving rise to a Venezuela different than the ones that seems to have been running in place for years.


10:38:32 PM    comment []



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