Thursday, 24 September 2009

No volverán (or how corruption is getting much worse)

The apologists of Hugo Chávez often shout "No Volverán" when they want to make clear they intend to stay in power forever. They often say they mean the time of the dishonest thieves stealing from the poor is over. In reality, that time is more present than ever. The very bad situation we had before has only become worse. Now Venezuela's plunderers are the very rich Boliburguesia, people like Arne Chacón, minister Jesse Chacón, the Chávez clan and Vicente Rangel, working together with those from the Ancien Regime who play along.

Here you have a chart taken from the World Bank figures. You can see how different aspects of governance have worsened dramatically in Venezuela in the last decade.

Voice and accountability, political stability, government effectiveness, regulatory quality and control of corruption are compared between 2008, 2007, 2006, 2005, 2004, 2003, 2002, 2000, 1998 and 1996. Again, the levels are presented as percentiles.

Let's remember this regime is in power since 1999 and it has benefited from oil prices that are over 300% higher than in the previous decade.

The red-shirted barons transformed Venezuela from a "standard corrupt Latin American kleptocracy" into a kleptocracy that is much worse than most in very poor Africa.

PS: A series of posts on non-political issues will follow next.

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