xenon13 wrote:
"eating the seedcorn" is the old right wing saw that annoys me exceedingly.
That is irrelevant to its reality in this case. The reality is that Venezuela's oil company suffered declining production and mounting debts during the Chavez years - his spending was financed essentially by not investing in Venezuela's only successful industry, and by inflation, and Venezuela failed to develop any industries to compensate for that decline (unlike, to some extent, Mexico).
xenon13 wrote:
Not eating the seedcorn of course includes refusing to properly develop millions of people, includes ensuring that millions are stunted in their brain development as well as other physical development.
You seem to be confusing Venezuela with Brazil. In any case, developing people is hardly furthered by destroying higher education. As for food, look up "pudreval" - tons of food rotting in Venezuelan ports due to government mismanagement, while food rationing had to be introduced and the country became more dependent on food imports. That really says it all about Chavez.
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Alberto Fujimori is another notable example.
Interesting that you should bring up Peru, which decided to abandon the path of popular strongmen and seems to be going for the rule of law - now Fujimori is in jail and Peru is experiencing Chinese levels of growth, unlike Venezuela's weak economic performance. Brazil also seems more or less to be going for the rule of law.