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July 02, 2009

Venezuela: brain drain

Mac Margolis has written a terrific analysis of the long-term problems that Venezuela is facing because of Hugo Chavez's policies. Mac's report suggests that Venezuela is a slow-moving train wreck -- one that can be avoided only as long as oil prices remain high.

Under Chavez, Venezuela has become ever-more dependent on PDVSA's income.

Posted at 07:45 AM |

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Comments

aquila6

Of course people are leaving. What kind of intelligent person would actually want to live in a Communist society where the hard-earned fruits of your labor are routinely stolen and given to those who haven't done anything to earn them?

Posted by: aquila6 | July 02, 2009 at 10:36 AM

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