February 2016
Beginner to intermediate
384 pages
9h 55m
English
Content preview from The New Confessions of an Economic Hit Man, 2nd Edition
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CHAPTER 33Venezuela: Saved by Saddam
I had watched Venezuela for many years. It was a classic example of a country that rose from rags to riches as a result of oil. It was also a model of the turmoil that oil wealth foments, of the dis-equilibrium between rich and poor, and of a country shamelessly exploited by the corporatocracy. It had become the epitome of a place where old-style EHMs like me converged with the new-style, corporate version.
The events I read about in the newspaper that day at Ground Zero were a direct result of the 1998 elections, when the poor and disenfranchised of Venezuela elected Hugo Chávez by a landslide as their president. ...
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