There is always an important lesson to be learned when reading Mr. Llosa's work.
This recent piece on Chavez and his failed policies is no different.
CARACAS, Venezuela—After an extensive visit to the slums of this capital, I am convinced that Venezuelan President Hugo Chavez lost the recent referendum that would have extended the time he could remain in office not because his countrymen value democracy so much, but because his social programs are crumbling. In the barrios of Petare, Catia, Baruta and other places, the nationalist/populist model is collapsing.
Through a network of “missions,” the government has been using oil revenue to provide food, housing, cars, education and health care for millions of Venezuelans. In theory, Venezuelans are enjoying the “social justice” denied to them during decades of rule by the country’s elites. In real life, the missions are plagued with corruption and inefficiency, and are severely hampered by the insecurity and the shortages that have become the hallmark of Venezuelan society. [More...]
Read Mr. Llosa's biography and recent publications at The Independent Institute here...
