Saturday, October 25, 2008

So what is going to happen now with Venezuela

Chavez has been destroying Venezuela little by little year after year, I have been in that country many times since 1983.
I was there on 9/11 when the towers came down and I was there after that as well and every time I see a more deteriorate country, with more problems, more conflicts and more people feeling hopeless.
Mr. Chavez like some of his friends in Boliva, Brazil (thank God we managed to contain them here), Ecuador, Paraguai and Nicaragua have a firm belief that they can go against the market rules.
They are expelling the foreing companys, foreign capital anf foreing nationals if they were the devil and they only want to exploit those poor nations.
Funny that at the same time all those countries have been losing the most competent technicians and bureaucrats who have left their homelands to another countries and those countries need maximize their resources they lack the personel.
Now we are going to a recession that will hit them when they need to be more prepared, now they won't have human resources and capital (unless China manages to convince them to step aside and let them be invaded by Chinese operators) to develop their resources and improve their economies.
What Venezuela will do with the state of the art jets from Russia, PDVSA already lack technical people to develop and operate their own oil industry (Venezuela's production is shrinking quarter after quarter), how can they help Bolivia and Ecuador?
Maybe one of the greatest benefits of this crisis will be that those countries will have to get rid of those chief of state and to once more embrace their own destiny and to overcome their own limitations.
We can only hope and pray!

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