14 May 2006

Chavez changes things

Perhaps the real reason for Washington's dislike of the emerging new order in south America is that they are doing what USA-sponsored trickle-down economics promised but never did deliver.
Venezuela was like a lot of those old Latin American countries - a small elite of super-rich families who basically stole the national resources. He's now driven a new economic order through, you've got for the first time healthcare for poor people, illiteracy has been eradicated.

And if you want to get an idea of why I don't like trickle-down economics: it's the peoples in places like Venezuela who have had to bear the cost of demonstrating the myth -those not in the ruling elites, that is.
I just hope the good Chavez and co do is not undone by the corruptions of power.
The Observer | World | Chavez offers oil to Europe's poor:
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"Spend and tax" not "tax and spend"

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