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How Hugo Chavez's revolution crumbled

Grim17

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This article points out what's working in South America, and what isn't. Governments moving toward socialism are failing, while countries like Chile that are moving toward a free market economy are thriving.

Why can't our government embrace the simple reality that more government = failure?

How Hugo Chavez's revolution crumbled
By Jackson Diehl
Monday, January 25, 2010

While the world has been preoccupied with the crisis in Haiti, Latin America has quietly passed through a tipping point in the ideological conflict that has polarized the region -- and paralyzed U.S. diplomacy -- for most of the past decade.

The result boils down to this: Hugo Chávez's "socialism for the 21st century" has been defeated and is on its way to collapse.

During the past two weeks, just before and after the earthquake outside Port-au-Prince, the following happened: Chávez was forced to devalue the Venezuelan currency, and impose and then revoke massive power cuts in the Venezuelan capital as the country reeled from recession, double-digit inflation and the possible collapse of the national power grid. In Honduras, a seven-month crisis triggered by the attempt of a Chávez client to rupture the constitutional order quietly ended with a deal that will send him into exile even as a democratically elected moderate is sworn in as president.

Last but not least, a presidential election in Chile, the region's most successful economy, produced the first victory by a right-wing candidate since dictator Augusto Pinochet was forced from office two decades ago. Sebastián Piñera, the industrialist and champion of free markets who won, has already done something that no leader from Chile or most other Latin American nations has been willing to do in recent years: stand up to Chávez.

Venezuela is "not a democracy," Piñera said during his campaign. He also said, "Two great models have been shaped in Latin America: One of them led by people like Hugo Chávez in Venezuela, Castro in Cuba and Ortega in Nicaragua. . . . I definitely think the second model is best for Chile. And that's the model we are going to follow: democracy, rule of law, freedom of expression, alternation of power without caudillismo."

washingtonpost.com
 
The troubles of Hugo Chavez are a joy to behold. Isn't "authoritarian populism" (from the last line in the article) kind of an oxymoron?
 
The troubles of Hugo Chavez are a joy to behold. Isn't "authoritarian populism" (from the last line in the article) kind of an oxymoron?

Why do so many people choose to ignore the fact that moving toward socialism is a recipe for disaster? The amount of history that has to be ignored not to see this, just blows my mind.
 
Why do so many people choose to ignore the fact that moving toward socialism is a recipe for disaster? The amount of history that has to be ignored not to see this, just blows my mind.
Personally, I'm not sure the problem is socialism so much as authoritarianism. A four-square capitalist who seized (nearly) all the media, arrested his political enemies, packed the Parliament and the courts with his cronies, and created for himself a cult of personality like Chavismo would be as objectionable to me. Venezuelans can organize their economy any way they like, as far as I'm concerned.
 
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