"When... a country goes socialist and its economy does what Venezuela's did... especially when said country has valuable oil resources... [Venezuela] came to be seen as a serious threat to the global system of corporate capitalism... a high crime prompting a special punishment... Are there any lessons to be learned from Venezuela's policies that so rapidly reduced poverty?...Are there any constructive lessons to be learned from Chavez's grand experiment with more aggressive redistribution? Such questions need to be asked. The problem is that...at the moment Chavez's name is invoked, the conversation is inevitably terminated, ending any possibility of discourse. That is by design - it is what the longtime caricaturing and marginalizing of Chavez was always supposed to do. But maybe now [that Hugo Chavez has passed away]...a more constructive, honest and critical economic conversation can finally begin."
Latin America

January 1, 1970

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Original Language: English