The Real Economic Emergency is Having This Guy in Charge

102

There’s a little riff in Economics Vice-president Luis Salas’s maiden interview with teleSUR that’s really worth revisiting. In just over one minute, Luis Salas fleshes out in as much detail as he’s able, his implicit mental model for how speculation and usury causes a general rise in the price level that’s unrelated to monetary expansion. It’s worth taking the time to watch it before you go on, so go and do that now.

Did you catch that? Good.

For Salas, prices rise because merchants as a group make a grab for windfall profits by raising their prices. But as they do that, they find that of course they strain consumers’ capacity to pay for products. So their sales tend to fall. So, in fact, they’re all made worse off by the decision in the medium term, and many wind up having to close up shop.

There it is. That’s it. That’s the implicit microeconomic model behind the governing elite’s economic strategy.

It’s – I don’t want to overstate this, but realistically that’s not a real danger – like having NASA try to build a spaceship on the basis of pre-Newtonian physics. It won’t work because it can’t work. It really is that bad.

It’s shocking because in his little rant, Salas comes ever so close to having the realization that would lay bare for him – and for everyone else – how downright silly his entire theory is. If he had even a bare bones feel for economic reasoning, he’d see it at once. It takes a peculiar form of willed ignorance not to see it, actually. But, clearly, he doesn’t.

Put yourself in the place of any one of the merchants running the elaborate economic conspiracy Salas mistakes for economic life. Since you’re a heartless speculator, you put up your prices…just like all the other merchants in your area are doing. But because you’re doing that without any interest in underlying demand, you eventually start to notice that fewer buyers are buying. In fact, you’re losing money.

For Salas, at this point the only thing left for you to do is close up shop. You’re out of business. Congratulation: you speculated yourself out of a living.

But for any marginally rational businessperson, that’s insane. When you see that your prices are so high demand has started to flag what you do is so friggin’ obvious it barely warrants mention: you lower your prices! You defect from the price cartel.

The temptation to do this is overwhelming. If all your competitors are selling toilet paper at Bs.100 and you drop your price to Bs.95, you quickly find you have the whole market to yourself. Nobody’s going to pay Bs.100 for toilet paper when you can just as easily buy it for Bs.95.

So unless the rest of the cartel is willing to use force to prevent defection – unless it’s a horse’s-head-in-your-bed style cartel – somebody will defect. And the moment one merchant defects, all the other merchants in the area have basically no choice but to match his price.

It’s called competition, Luis. It’s the reason prices don’t rise inexorable in the world’s 191 other economies.

That Luis Salas is able to get through the little rant at the top of this post without actually grasping this is the real economic emergency facing Venezuela today.

The National Assembly cannot, must not, give any additional economic powers to a government lead by a minister unable to master the basics of economic reasoning. It would be as crazy as approving a multibillion dollar budget for pre-Newtonian NASA to try to build a spaceship. And that’s all there really is to say about it.

102 COMMENTS

  1. This guy never saw the mass-market, mass-consumption cartoon with the two mouses running from the cat that ran in Venevisión’s Tardes Felices like FOREVER. I’m sure he’s a Chavo fan thou.

      • -“Say, godgiven, what are we going to do today?”

        -“The same thing we do every day, nicolás: Screw up the life of venezuelans!”

        **They’re nico and godgiven!
        Yes, nico and godgiven!
        One’s a coupster, the other’s insane!
        They’re white-collar thieves!
        With billion-count wallets!

        They’re nico and godgiven! given! given! given! given!

        Before each night’s done!
        Their plan will be unfurled!
        By the dawn of the Sun!
        They screw Venezuela!

        They’re nico and godgiven!
        Yes, nico and godgiven!

        Their twilight campaign
        is easy to explain!

        To ensure their money accounts
        they’ll burn Venezuela!

        They’re dinky!
        They’re nico and godgiven! given! given! given! given!
        given! given! given! given! given! given!

        Chúpalo!**

  2. The video doesn’t load for me using Chrome browser.

    Talking about TP we just bought 4 bultos (48 rolls each) for use in our posada at prices ranging from Bs.6.500 to Bs.7.500 per bulto from the back of a car. 🙂

    Goof quality stuff too – the nice thick rolls that last for days. Better than giving our guests serviettes to use which we were forced to do.

  3. Ask the guy that runs Duncan Car Batteries. Zero competition, production sold out, and people make line to buy the product thus future production also sold..ahhh and forget to honor warranties.

    May be that is the economic model this lumbrera is talking about..

  4. “It’s called competition, Luis. It’s the reason prices don’t rise inexorably in the world’s 191 other economies.”

    This is basically the essence of why this guy gets it so wrong.

    Inflation is a Macroeconomic problem that (no matter your ideological bent) implies a sustained rise in ALL nominal variables (consumer prices is the preferred gauge, but it’s easy to see that everything goes up in an inflationary economy: wages, money stocks, tax recepits, new credit, equity prices… And that’s obviously the case as well in Vene). It’s also dynamic, in the sense that it deals with rates of change, not levels.

    This guy is trying to explain a Macro problem using a (ridiculously flawed) logic that is reserved for Static Micro. Trying to explain a society-wide issue with rates of change trying to reason in terms of specific markets and specific snapshots in time is nonsense in countless levels.

    He does not only try to build a space rocket with pre-Newtonian physics, he’s also trying to do it with a carpenter’s toolkit.

  5. Looks like somebody that read a few things that are true, and then proceeded to carry them out of any border of logic, consistency, etc.

    That “free markets” do not exist is know; no market is free. All are regulated. Some more, some less, some in some sense but not in the other, but well, thats life, there is also no perfect spherical bodies in reality.

    From that to “and thats why all the economy is a cartel of capitalists and there is no competition whatsoever” is jumping from that grain of truth into the full open void of lunacy.

    • I have a GREAT idea: let’s ignore all the valid reasons to criticize Salad and concentrate on the real reason to hate him: his race!

          • Really, may be is because i live in a country (Venezuela) where the racism is, for say the least, irrelevant.

            May be you live in another country,

          • you know who has a hard time recognizing a totally obvious racist attack for what it is? a racist…

          • Yep, first you accuse a comment that does not mention race of racist and then acuse me of racist without me making any racial reference.

            It is fun to argue with you.

          • I am Venezuelan and I recognise this comment as racist and I have recognised similar comments as racist since I was about 8 years old…in Valencia, in Caracas, in Calabozo, in Apure, in Guanare, in Carora, in El Tigre, anywhere in Venezuela (I am so sorry I was so childish at 6-7). One of the worst things that happen in Venezuela is the self-denial people live in…about their actual education level, about the level of racism and so much more.

            And no, I am not a “resentido”, which is probably one of the next things people with your attitude and upbringing say.

          • I don’t get it, really don’t, what i understand of the comment was that the VP looks like a “malandro” (thug), i’m white and in countless ocations people has refered about me as a malandro (i used to wear my long hair and being poor, still poor, and with less hope every day, well i didn’t look very “sifrinito”).

            To look like a “malandro” is not necessarily racial.

            May be i don’t recognize racism because i’m white, may be.

            But, literally speaking, the comment do not mention race.

          • You are right mosquito,
            they associated malandro” and race in their own minds
            and then accused the original commenter of being racist.
            Ironic.

      • I think this comment can be pointed as profiling or classist, also can be said it is unfortunate but there is no racial component on it.

        Or you and me are reading different comments.

    • You may want Rafael “el catire” Ramirez instead..or Diosdado “ojitos verdes” Cabello..

      Oh no..! the economic crisis is so bad that white people are now robbing and assaulting in the freeways..!

      See what happens when you put niches in the government

      • Please, try to explain what “niche” is…it is not that I do not know it. It is that you might discover something if you try to explain (explain simply and shortly as in a good dictionary, not by listing some examples)

        • Niche (Venezuela): Derogatory term applied to economically challenged and often uneducated person that could also be of mestizo or African race. In Venezuela, the term is often used to describe people that lives in “barrios” (slums). It may also be used to describe an object with perceived low quality or value. The equivalent pejorative term in English could be: Greaser/Beaner/Wetback (Latin or Latin origin person), Cracker/redneck/white trash (white person).

          Although Venezuelans tend not to discriminate on pure racial basis, social or class bigotry is widespread. Thus, lower economic class (hence lack of education, social etiquette, etc..) is often associated with race due to most mestizo and blacks tending to be more concentrated in the challenged economic sectors.

          Now, with a country at about 70% poverty rate that is pretty much everyone..

          • Of course there is a lot of racism in Venezuela. The thing is that here in caracaschronicles people tend to be polite. But in other media racism has been rampant towards Salas. And to “el pueblo chavista” in general. The chavista “lideres” are no better. What we have is the lies we tell ourselves about all of us being “cafe con leche”. We’re not. And there is racism pretty much everywhere. Just ask the people who are called “monos” everyday.

        • What do you think about that?.

          Whomever says that in Venezuela there is not racism because they don’t get what El Puma does mean with: “un negro con una negra es como una noche sin luna” (and he still getting some airwaves with that adefesio).

          Venezuelans may not have a lot bigotry based on skin color, although you can always imagine the situation of the parents of a white european ancestry daughter marrying a dude from Barlovento. However, class bigotry is by far worse than other parts of the world particularly if compounded with the tone of brown you have on your skin and how much money you may reflect in your clothing and accessories.

          Try this experiment: grab a 1977 Ford Maverick and pack it with 5 white guys and drive around Altamira or La Castellana. Repeat the action with 5 black or mestizo dudes. In each one, check how long does it take for the police to stop and ask for ID to everyone. To add more to the mix, film the faces of the people on the street as the car may approach them. Last but not least, in order to confirm the experiment, get the 5 guys from each group to attempt enter a bar or restaurant at the San Ignacio. Have fun with it.

          • Dude are you aware that chances are that if you pack a 1977 Ford Maverick in Venezuela with 5 guys, those 5 guys are going to mestizos?, or at least 4 of them.

            Are you aware of that?

            I don’t say there is not racism in Venezuela, what i say is it is irrelevant, clasism that we have much more.

          • I was one of 5 white guys who was in a 72 Maverick that flipped on the entrance ramp to the Holland Tunnel 30 years ago. The car landed on the roof and slid down the macadam and the 8 track continued to play the Allmann Bros as “The Maverick” slowly spun clockwise after the forward momentum stopped.
            We all spilled our drinks and we landed on our heads and we did seem to attract the attention of the JC police.

            The Maverick was blue for the color concerned questioner. Perhaps the color of the car was the reason the police questioned us?

    • I refuse to criticize this man based on his looks. However he looks is irrelevant, it’s not a beauty contest; we’re here to judge his intellectual capacity for the job.

      I know it’s tempting, but let’s not appeal to the lowest common denominator.

    • Salas looks to me like a thug, but because of his short hair. My experience in the US is that thugs tend to have crew-cuts. [Perhaps I am also reflecting my experience during my college days of being beaten up for having long hair while hitching through Amarillo, courtesy of some catires with crew-cuts.]

  6. Pre-Newtonian? From the inception of the use of currency (~9000 BC), most people had a better understanding of market economics than Luis Salas. His theories of Economics belong on the same historical scrap heap as Miasma theory of Disease, Telegony, Phlogiston, The Geocentric Universe Model, Hollow Earth Theory, and Abiogenic Petroleum Origin.

    • Currency (coinage, as opposed to weights of metal) was introduced in what is now north western Turkey in approximately 600 BCE

      • There is extensive evidence of various commodities (grain, obsidian, etc…) being used as a medium of exchange, or “currency” far earlier.

  7. In my daily skim of Aporrea I see plenty of Sala-esque characters. It is bad religion. You ask from god X or Y and when god does not grant X or Y you accuse the faithful of not having enough faith, after all god has promised the Ummah.

  8. “For Salas, prices rise because merchants as a group make a grab for windfall profits by raising their prices. But as they do that, they find that of course they strain consumers’ capacity to pay for products. So their sales tend to fall. So, in fact, they’re all made worse off by the decision in the medium term, and many wind up having to close up shop.”

    But if we look on the bright side of what he’s saying, we can see that they have changed their ‘economic war’ rethoric… Nowadays, businessman wouldn’t be doing this to depose maduro and set the country on fire anymore, but simply because they are stupid. It’s an improvement…

  9. Maybe his proper title should be Economic Propaganda Vice-president.

    It sure seems like they can’t change the model so instead they have a propaganda specialist to try and shift the blame while they pray for an oil price hike miracle.

  10. Is there a surprise on all of this? The guy is just repeating the most granite-face and straightforward version of chaburro propaganda, which can be resumed to: “Everybody that’s not chavizta is a complete idiot fag that would gladly kill himself just because he hates us.”

  11. And this is another case in which the clique of lunatics in Venezuela makes you even nostalgic for old fashioned Marxists.

    I mean, at least they realized the issue was that capitalists were GOOD at making profits for themselves, at least, as a class.

  12. Nothing surprising here, it just keeps with the tradition. After all, Merentes is a mathematician, not an economist and the results of his participation in current economics thinking are spectacular to say the least. When I mention tradition, it is not only Chavista times tradition but goes back much further than that. I remember when I started working in LatAm and the end of the 1970s, there was a school of local economists who were adamant inflation was good for economic development. The results of that thinking were also spectacular in Brazil under the military, Nicaragua under the Sandinistas and Peru under APRA.

  13. When you hear these geniuses complain about the high profit margins in Venezuela, they always ignore the lack of competition. There are, of course, many valid reasons why profit margins in Venezuela are much higher than, say, the USA. Inflation, risk, interest rates, the cost of doing business, etc. The lack of competition is another one. With companies closing by the tens of thousands in the last decade, many businesses enjoy a degree of oligopoly/monopoly power when setting prices. They achieved this by default, simply by being one of the last standing after the cull.

    (On that note, let me add a nerd note: these guys almost always confuse – sometimes out of ignorance, sometimes on purpose – “profits” with “markup”. That is, if a store pays 150 for a good, then sells it at 300, these guys say “Look at these speculator! 100% of profit!”. When it’s in fact a 100% markup, which is pretty much the standard in many countries. And it’s not a measure of profitability. The net profit is what’s left of that markup after all costs are deducted).

    • Why in the past ( before the crisis) profit margins in Venezuela were higher than elsewhere :

      1. because in small size markets one or a couple of suppliers don’t engage in as much competition as in a larger size market with a lot of competing suppliers .

      2. Because as a country we usually have had more money than others and have therefore developed in time a spendrift mentality ,´Once heard Colombian meat producers say on TV that they charged Venezuela the highest prices (in the past) because they were always ready to pay it !! We are exhuberant and frivolous spenders .(world record in purchase of whisky and beauty treatments)

      Also had friends from marketing companies with coaffiliates from other latin american countries tell me than despite the difficult conditions , their Venezuelan stores made much more money than those from other countries , people were much more ready to spend more than people from other countries .

      Once went through US stats on the size of company profits in different segment of industry and discovered (with shock) that many of them appeared to mirror those provided in the Ley de Precios Justos ( Im sure my reading of these stats was wrong , grateful if somebody checked the stats and verified if they were higher than those mentioned in the Ley de Precios Justos) .

      Just read a marvelous article in this weeks the Economist (Bottomwood on the usefulness of financial markets) and among other things he mentions the way asymmetrical access to information made soem businesses skin their customers alive and how very often markets weren’t that efficient in setting prices because of the influence of irrational psychological factors in modeling peoples behavior.

      Markets are of course much better than the utopian flights of fancy of our regime leaders at setting prices that allow an economy to work for the benefit of people , but we should not give ourselves too readily to the blind worship of markets as absolutely perfect at setting rational balanced prices always .

      • Go to Alamo.com and try to price a car the same days putting resident of Venezuela and resident of Italy. Pathetic example of what you are saying.

  14. “It would be as crazy as approving a multibillion dollar budget for pre-Newtonian NASA to try to build a spaceship. And that’s all there really is to say about it.”
    Without looking at the author, I knew this was writen by Toro. Toro, man, you’re like the Jerry Seinfeld of the venezuelan political blogs. “What’s the deal with price controls?”

  15. I have a típ for foreigners interested in investing in Venezuela: rabbits. The urban agriculture engine of economic growth allows venezuelans to grow rabbits in their living room. But the best part is there’s no just price for rabbit meat, nor for rabbit coats. This allows you to raise prices until you go out of business.

        • You hid the merchandise in your bathroom or under your bed or just set fire on it? Anything goes in the 27th generation war, dude ¯\_(ツ)_/¯

      • If I were a shopkeeper and I raised my prices until nobody could afford them, would I prefer to go out of business rather than lower my prices?

      • This kind of thinking is for poor uneducated people to feed them scapegoats. It is not possible that Salas believes this crap. He must be developing misinformation propaganda! If so, it doesn’t portend well. Beware, people! Don’t laugh at this. It could be part of an effort to start a civil war!

  16. Agree.

    At first, if you put yourself in the shoes of somebody that has been listening to the Economic war speech for some years, seems logic. SEEMS. The heartless companies sucking the life out of the citizens… right.

    But, what the Salas doesn’t say (or know?) that what REALLY rises the prices is the SCARCITY of goods. Is there speculation? I think there might be some. But what lead the stores to this? scarcity. You can’t speculate (and spect somebody buy your stuff) if you have plenty of those good in the market.

    So yeah, is the scarcity stupid.

    It’s really sad for us that Salas discard the whole laws of markets and thinks that all that it’s happening its some sort of “Negative thinking” bullshit. So the contrary is also true, “If we think there is no crisis, maybe the arks will fill with gold”…

    Damn 🙁

    • This bat-shit crazy radical is not different in quality to previous less bat-shit radicals that have preceded him.

      What was the name of the guy that explained economic theory based on his rudimentary understanding of the theory of expectation?

      …People made fun of him about the power of “willing ” prices and all and he was later forgotten among the new scandals of the day…

      In puppeteer slang this is call a diversion plot/ character, or in a magician’s tool box is a distraction to have all of us look into this direction while some other tricks get pulled again. Lata de humo cubed.

      Nothing new to see here, just more bat-shit crazy! they are running out of normal crazies and are having to do with the next available ones.

  17. Isn’t the great irony here that Venezuela was/is part of a cartel that was pushing for higher prices/production cuts when the price was already high, yet, if the reports were true, was subtly defecting from said cartel through under-reporting its production levels because it’s product is already discounted relative to the market? (I concede that they couldn’t do the same now; the ability to “cut” excess production simply doesn’t exist anymore.)

    Second year micro in El Norte spends about a week or so covering cartels and related game theory.

    I’ve known a good many Marxist and quasi-Marxist economists in academia, but not one of them would go off the rails as much as this guy does.

  18. So prices rise due to speculation according to this guy, not to shortages – same ole Chavista rhetoric. It´s the convenient way of seeing things, explained by a communist academic.

    I wonder, how does he explain shortages? There must also be a creative communist logic behind shortages.

    • Alex, my man … you have not been listening! The shortage are imaginary, and do not exist. They are caused by the merchants who went out of business because they raised prices in their speculative frenzy. There is plenty of food, plenty of basic supplies. Big Brother is ever watchful of the needs of the people. Try to keep up, won’t you? (I am joking, just in case anyone thinks otherwise.)

      Now go stand in the corner for two minutes until you feel ready to once again be an active agitator.

      Good.

      Nice to have you back with us, comrade. We are now going to lower prices, and print money, to increase the supplies even further and add to the extraordinary gains of the last 17 years!

  19. The thing with this guy is that he’s not even tangentially related to any established economic theory—I mean, his rhetoric is Marxist-ish but… That’s about it: just rhetoric and speech. At least Marxists recognise market dynamics, they just assert it tends towards imbalance and crisis even when functioning perfectly (with the addendum that this leads to its supercession by socialism).

    I’d really love to know this guy’s intellectual lineage—what sort of degeneración teorética led him to such blockheaded and difficult (it’s so obvious! he’s so close to noticing if he wants!) denial of what are at any rate FACTS of economic life like come on. This really is Chavismo stooping to unprecedented intellectual lows. The Khmer Rougeisation of this petro-sham.

    • That’s just the thing I was trying to get at – he’s so close! I mean, he’s done 90% of the heavy lifting…he’s on the right track to understanding why individual business people’s decisions cannot account for a general rise in the price level. But then, bizarrely…

    • Yep. I said it above; the bit about “the are no truly free markets” is well known in current leftist (from the center onwards) economic circles. But this is a guy that seems to have taken the soundbite, forgot about the argument about it, and inserted his own delirious bullshit. So instead of the reasonable argument about how in reality markets are being regulated all the time everywhere and the process of regulation being in itself an intervention in favor of X or Y sector of the market due to political reasons, he goes Matrix-like to there is no market, just a cabal of guys deciding on prices with the intelligence of a kid in a sweets stand.

      So we go from a reasonable criticism of free market “fundamentalism” (that is, not against markets, but against the idea that everything is and should be an absolutely free market) to another bit of useless paranoid propaganda mistaken as knowledge of the world.

      • Bueno, si, regulations exist to define rules and laws, but in defense of the term “free markets” and to avoid confusions, I think some words might be permitted to clarify, otherwise, too much becomes twisted to “new interpretations,” and “spontaneous” ideas with very little truth or merit can confuse things. E.g. you sell meat, it must be graded to prevent unscrupulous sellers from parading low quality as high quality, and you have common utilities whose markets are natural monopolies. There are regulations but those very infrequently favor one over the other, or prevent one from entering a market, or improving it. You could argue that drug companies are over-regulated, and that lawyers are under-regulated, but again these laws and procedures do not favor one over the other as commercial enterprises. Even in industries with high barriers to entry (autos, airlines, drugs, steel) regulations do not prevent new entries. Decisions are not frivolous at all, but carefully considered with benefit of historical experience, by educated, experienced players. New accounting regulations, for example, are publicly proposed for comment, comments are considered, and trial periods allowed before full acceptance. I believe that is what most would accept as a very brief initial description of what “free markets” means. The idea is perhaps easily described as a baseball game – you must have rules and umpires to call them fair or foul. It’s when you have bad umpires who make clearly bad calls that things break down. Is any game perfectly called? Perhaps not, but the rules exist. Currently Venezuela is “umpired” so far from free markets it’s hardly worth trying to stretch comparisons – bachaqueros are illegal, private property is stolen, prices are regulated, consumption is regulated – comparisons to centralized command economy are more fitting.

        • Well, there are other aspects of it, like the fact that to have a “free market” you have to … intervene in the market when it gets into cartel/monopoly 🙂

          But yep, the main point is this guy is to actual economical debate as a quack is to actual medicine or physics. He can dress it up with some bits he read somewhere (“it is quantum stuff!!!!”) but in the end is just his own bullshit. He is Maduro’s new Lysenko-of-the-hour.

  20. I listened to it three times and tried to see any form of critical thinking, proof or suggestion this could be wrong, but clearly this is his comic book theory, which he is so arrogant that he thinks is right, because he thought of it.

  21. No hay nada mas peligroso que un ignorante con iniciativa!
    Chavez – Giordani – Maduro – Salas – next guy up!
    Dios los hizo y ellos se juntaron… y nos jodieron

  22. I agree, judging the guy for his looks is like focusing on maduro being colombian, it might be true that salas is no model, but just like in maduro’s case it’s not what matters, it’s a waste of time and is like pointing that the curtains in the house that’s burning don’t match the sofa…

  23. It says a lot about those who put him there! It´s reminiscent of “dumb and dumber”, or is it a socialist strategy?

  24. I think this guy (Salas) was put there as bait so that the AN would exercise the motion of no confidence.
    After 3 of those motions the president is allowed to dissolve the congress.

    3 strikes and you are out.

          • The Constitution only mentions an Executive Vice President who presides over the Full Council of Ministers with the Presidents authorization ……other ‘vice presidents’ who don’t preside over the full Council of Ministers would not be considered vicepresidents under the Constitution , even if they are administratively (not constitutionally) given the name .

            As far as I know the only Viceminister given the task of presiding the Council of Ministers so far is Aristobulo so Luis Salas would not be considered as a Vicepresident for Constitutional purposes only for internal administrative purposes .

          • But… but… you are using logic Bill.
            You have to think like them.
            What would the TSJ declare?

            As you say the constitutional figure of Vicepresident of Economy does not exist.
            Are they allowed to create that position?
            I think not, but they did.

          • I understand what Amieres says.

            This TSJ has such an odd (for say the least) record of decissions in favor of the government that it is a risk to count with the TSJ at all.

    • I’m more inclined to think he was chose by recomendation of Maduros’s economical consultants.

      Mr. Alfredo Serrano and Mr. Boza.

      That’s my hypothesis

    • art. 246 CRBV: “La aprobación de una moción de censura a un Ministro… …por una votación no menor de las tres quintas partes de los… …integrantes de la Asamblea Nacional, implica su remoción. El funcionario removido… …no podrá optar al cargo de Ministro… …Vicepresidente Ejecutivo… … por el resto del período constitucional.”

      No hace falta inventar, ni temer acerca de darle una moción de censura al tuki ministrucho.

      Qué puede decir el TSJ? Pues lo que le dé la gana como siempre, pero la CRBV es clara. Salas obtuvo un reprobado y debe ser removido del cargo, no pudiendo ser nombrado como ministro ni vicepresidente nunca más hasta que desalojen a Maduro de Miraflores. Que eso implique no se le vuelva a ver el pelo, no. Lo pueden nombrar viceministro de algo o superintendente de alguna cosa y lo tendrás igual fregando la economía.

      Ahora bien, sobre la duda de que si el TSJ puede confundir un vicepresidente X con el Vicepresidente Ejecutivo al que alude el art. 240? pues si se acogieran a lo que dice la CRBV no debería haber confusión, porque el Vicepresidente Ejecutivo es úno y único, así como el Presidente de la República, según queda establecido en el 225, 236.3, 238 y 240. Además otra diferencia, la votación para la moción de censura a un ministro es de 3/5 (art. 246), en tanto que la requerida para el Vicepresidente Ejecutivo es de 2/3 (art. 240) y es ésta última la que reiterada tres veces causa la disolución de la Asamblea Nacional por el Ejecutivo.

        • Bueno que voten con 3/5 y no con 2/3 para que no puedan aplicar ese criterio para disolver el parlamento. Total como no vas a poder sacarlo del gobierno porque igual lo pueden meter de viceministro, igual le estarás aplicando el castigo moral y de opinión que implica la moción de censura pero sin cubrir el requisito que aplica al Vicepresidente Ejecutivo. La misma imaginación que tiene un rojo para torcer la ley a su antojo la debería tener quién ose enfrentársele para poder jugar con él

          • Bien dicho! Los problems y las alternativas que tienen la MUD son formidables. Y udsted approba con su escritura lo que yo andaba explicando hace algunas paginas aqui, que dudas sobre 109/54 son tonterias, El requisito de supermayoria no se basa en los 112/167 asientos (esca~nos). Si fuera asi, no se podria votar con 3/5 por ser que quedarian asientos sin votar. Por mi, si la supermayoria se basara en el numero de asientos, nunca se podria votar sin 100% de los miembros (o, igual, miembros presentes), y ahi quedaria completamente nulo todo lo dicho sobre un quorum.

  25. Somewhere soon, probably not in Venezuela, they will be drawing up the rescue plan, and the sad thing is, there probably will be nobody at the table not representing institutional interests that will have the experience or judgment as to what is do-able, and what is reasonable. Instead, there will be this guy, or his replacement.

  26. I find those shyamalanesque maduro-was-always-a-genius twists hard to believe, but also find hard to believe he doesn’t realize how wrong The guy is.

    He was spewing the same crazy rethoric in his memoria y cuenta, so he must believe it.

    I’m baffled… Maybe somebody owes somebody a big favor?

  27. I like Salas, he will get the job done…

    … of completely destroying what is left.

    Then when Maduro & Co. become irrelevant and when people finally realizes that it was Chavez the mastermind of this catastrophe….

    ..we can comeback and rebuild from the ashes of the V Republic.

    I suggest we stop giving them ideas of how to fix the country because once fixed, if there is such a thing, they will take credit and stay in power a lot longer.

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