Chavez's New Socialism

In a policy piece earlier this year, I explored Hugo Chavez's policy preferences and his vision of Bolivarianism, a new kind of socialist model designed to use the private sector to promote broader social aims. I said at the time that this isn't new at all and the model was unsustainable. I hypothesized that when the price of oil dropped, the Venezualian economy would collapse. Natalie Obiko Pearson just wrote a great article on this subject that I wanted to share.

You can link to it here.