Venezuela under Chavez :
Mark Weisbrot of CEPR points out that real GDP per capita in Venezuela expanded by 24 percent since 2004. In the 20 years prior to Chávez, real GDP per person actually fell. Venezuela has low foreign public debt, about 28 percent of GDP, and the interest on it is only 2 percent of GDP. Weisbrot writes: "From 2004-2011, extreme poverty was reduced by about two-thirds. Poverty was reduced by about one-half, and this measures only cash income. It does not count the access to health care that millions now have, or the doubling of college enrollment - with free tuition for many. Access to public pensions tripled. Unemployment is half of what it was when Chávez took office." Venezuela has reduced unemployment from 20 percent to 7 percent.
Venezuela is making rapid progress on other measures too. It has a high human development index and a low and shrinking index of inequality. Wealth inequality in Venezuela is half of what it is in the United States. It is rated "the fifth-happiest nation in the world" by Gallup. And Pepe Escobar writes that,"No less than 22 public universities were built in the past 10 years. The number of teachers went from 65,000 to 350,000. Illiteracy has been eradicated. There is an ongoing agrarian reform." Venezuela has undertaken significant steps to build food security through land reform and government assistance. New homes are being built, health clinics are opening in underserved areas and cooperatives for agriculture and business are growing.
Venezuelans are very happy with their democracy. On average, they gave their own democracy a score of seven out of ten while the Latin American average was 5.8. Meanwhile, 57 percent of Venezuelans reported being happy with their democracy compared to an average for Latin American countries of 38 percent, according to a poll conducted by Latinobarometro. While 81 percent voted in the last Venezuelan election, only 57.5 percent voted in the recent US election.
This is worth reading to give you an idea of what the country was like before Chavez, peace be upon him, took power.
http://www.truth-out.org/news/item/1...tury-democracy
Let's not forget Chavez was a democratically-elected leader and was returned to power several times with massive majorities. The only reason Americans have even heard of him (who is President of Ecuador wothout googling? Yeah) is because he booted US oil companies out of the country because they were paying buttons for the oil via contracts they'd negotiated with previous corrupt leaders.
October 19, 2006 00:04 EDT
Oct. 19 (Bloomberg) -- Venezuelan President Hugo Chavez's plan to take control of oil production joint ventures run by Exxon Mobil Corp. and ConocoPhillips may lead to defaults on $1.6 billion in bonds.
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Chavez has already changed the terms of agreements that cover the four ventures located in the Orinoco Belt, where crude is extracted from deposits of heavy oil. In October 2004, he raised their royalty rates to 16.66 percent from 1 percent. The fee was raised again this year, to 33.3 percent. The four will also face a higher income tax rate of 50 percent starting Jan. 1, up from 34 percent.
Chavez Risks $1.6 Billion Bond Default in Oil Venture Takeovers - Bloomberg
So American oil companies wanted Chavez gone and the liberal US media started the job, turning an ioncredibly popular democratically elected lesder into a dictator. I'm surprised that during the Bush administration we didn't discover he had weapons of mass destruction.
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