Mercury Rising 鳯女

Politics, life, and other things that matter

Weisbrot on Venezuela

Posted by Phoenix Woman on March 6, 2014

Following up on Charles’ post of yesterday, I felt it necessary to give this piece a broader airing:

Back in 2003, because it did not control the oil industry, the government had not yet delivered much on its promises. A decade later, poverty and unemployment have been reduced by more than half, extreme poverty by more than 70%, and millions have pensions that they did not have before. Most Venezuelans are not about to throw all this away because they have had a year and a half of high inflation and increasing shortages. In 2012, according to the World Bank, poverty fell by 20 percent– the largest decline in the Americas. The recent problems have not gone on long enough for most people to give up on a government that has raised their living standards more than any other government in decades.

Something you will never see in any major US newspaper, much less on any major US TV newscast.

One Response to “Weisbrot on Venezuela”

  1. jo6pac said

    None of that matters to the so-called liberal press in Amerika. It’s another story like the Ukraine, Venezuela govt. Bad and Amerika govt. that’s trying to overthrow it is Good. The sad thing is if successful all the gains by the poor will be gone for sure because corp. Amerika doesn’t believe in Main Street anywhere.

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