The Freeman's Burden:

To defend the principles of human liberty; to educate; to be vigilant against the ever expanding power of the state.

Thursday, July 06, 2006

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.

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