Today (March 5h) – on the 60 year anniversary of Stalin’s death – Venezuelan president Hugo Chavez passed away.
I think Chavez’s economic legacy can be pretty well-illustrated by two graphs comparing Venezuela’s economic performance from 1999 when Chavez became president with three ‘neo-liberal’ Latin American countries – Chile, Peru and Columbia.
We start out with the real GDP level (Index 1999 = 100)
And next the price level (GDP deflator, Index 1999 = 100)
I leave it to my readers to judge whether Hugo Chavez’s death is a positive or a negative shock to the the Venezuela’s economy.
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Hugo Chavez é o Hitler latino. Como a versão latina de qualquer coisa, é pior. Hitler tinha um visual interessante, Chavez é gordo e mal vestido. Hitler criou Autobahns, Chavez lotou as estradas com gasolina barata. Hitler fez acordo com Stalin- um...
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Talvez o melhor fosse perguntar: alguém não gosta de Chávez? Não, se você observar a nova imprensa controlada da outrora democrática Venezuela.
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