Sunday, November 23, 2008

The Future of the "Bolivarian Revolution"

I highly recommend watching the Frontline program "The Hugo Chavez Show" showing this week on PBS. In addition to demonstrating why government efforts to control the commanding heights of the economy are utterly doomed to inefficiency and failure -- it showcases how an elected official can effectively use modern communication methods to build his brand and craft his public image to one's core coalition.

The history of this beautiful country is incredibly tragic. Unfortunately, I believe in the next two years a new monumental chapter of sorrow is about to unfold. The precipitious drop in the price of oil has left Chavez with serious financial difficulties and the inability to continue buying off support from the poor. As his popularity decreases with the public, and former allies turn against him, I fear the methods Chavez will resort to in order to preserve power and enact the "Bolivarian Revolution."

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