Juan Cristobal says: – The President talks a lot of bunk, but sometimes, the stuff he says is really meaningful. Like yesterday, when he said:
“We have managed to detach ourselves from the capitalist economy, and we have created our own, solid economic system…”
“If the price of oil receded to what it was in 2006, when it averaged $55 a barrel, you can be sure that Venezuela will not be affected by the world’s crisis… be sure that we will continue growing, both in social and in economic terms…”
There it is, you heard it. The crisis won’t affect us because we are safeguarded against it.
Ergo, we are not taking any extra precaution.
Ergo, when the feces hits the ventilator, you’ll know it’s his fault.
His and his alone, for not taking the necessary precautions. His and his alone, for misreading the effect of the crisis on Venezuela.
His and his alone, for maintaining a warped foreign exchange control that subsidizes imports and for increasing the size of the State beyond any reasonable measure.
His and his alone, for “creating” an “economic system” that wasn’t totally new nor totally detached from global crises.
You can just link back to this post when it happens.
PS.- Quico is travelling and I’m in the middle of a complicated move, so posting will be light in the next few days. Our apologies.Caracas Chronicles is 100% reader-supported. Support independent Venezuelan journalism by making a donation.