- Apr 2013
- La La Land North
Except look at it today. The poverty is so high that the Red Cross is trying to send in food. Stores are empty. There is mass movement to Columbia, several months ago it was estimated at 3 million with thousands more leaving each day.• Unemployment has dropped from 14.5% of the total labour force in 1999 to 7.6% in 2009• Population has increased from 23,867,000 in 1999 to 29,278,000 in 2011. The annual population growth was 1.5% in 2011 compared with 1.9% in 1999• GDP per capita has risen from $4,105 to $10,801 in 2011• As you can see in the graphic chart, Venezuela's inflation has fluctuated since 1999. Inflation now stands at 31.6% compared with 23.6% in 1999• Venezuela has a complicated history concerning currency exchange rates. Compared with 1999 when the exchange rate was under one bolivar to the US dollar, the latest figures from Reuters place it at 4.3 Bolivars to one dollar• Poverty has decreased - in 1999, 23.4% of the population were recorded as being in extreme poverty, this fell to 8.5% in 2011 according to official government figures• Infant mortality is now lower than in 1999 - from a rate of 20 per 1,000 live births then to a rate of 13 per 1,000 live births in 2011• Violence has been a key concern in Venezuela for some time - figures from the UNODC state that the murder rate has risen since 1999. In 2011 the intentional homicide rate per 100,000 population was 45.1 compared with 25.0 just twelve years earlier• Oil exports have boomed - Venezuela has one of the top proven oil reserves in the world and in 2011 Opec put the country's net oil export revenues at $60bn. In 1999 it stood at $14.4bn
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And once again, Chavez did not set up a real socialist economic system. Interesting factoid I came across in past discussions is that Norway's very successful oil-based social democratic system has less private ownership of their economy than Venezuela does! The difference is that the US cannot sanction or regime change Norway.......not yet at least!
It's actually been under Maduro, when real socialistic solutions are being introduced and applied: especially the creation and implementation of Collectivos to run local agriculture that had largely disappeared under the cheap imports of oil export-based economics. In the past few years, because of increasingly ruthless sanctions which include cutting off medical supplies which the UNHCR declares has caused the deaths of 44000 Venezuelans already, more and more Venezuelans are going back to the land and growing their own food, like they did in the old days.
Right now the country is about as total a mess as can be. All thanks to Maduro's continuations of Chavez' stupid policies.