Monday, January 18, 2010

Dictator du Jour: Hugo Chavez

Seems like headlines like this only happen in one party states: “... blackouts from bad planning, drought”. So, where is it? Well, Venezuela, of course. (Though California or Michigan wouldn't be that far fetched...)

Drought, blackouts, and poor planning always seem to happen when the government is too involved in the economy. Venezuela is a textbook example of a country, rich in oil and other natural resources, that is destined to be forever poor, thanks to the efforts of folks like Hugo Chavez.

And speaking of Venezuela, is anyone surprised that Goodyear is going to take a huge haircut on their operations there? Anybody?

Note to Mr. Robert Keegan: If you have people on the ground in Venezuela, get them out. Yesterday would have been soon enough. It's only a matter of time unil Chavez has them up on spying / profiteering charges. It's bad enough that you're just lost millions in Venezuela; but that's just money. You don't want to go to bed at night thinking about your former employees as guests of the maximum caudillo's Hotel Greybar.

The only question left about Venezuela is whether or not Mubabe's Zimbabwe will be fend off their challenge for the worst run economy in the world.