Friday, May 2, 2014

The money-losing machine in Caracas

A must read epic article on Venezuela's disaster at Foreign Policy. The last paragraph alone is worth the price:
Which brings us, finally, to the million-dollar question: In post-Chávez Venezuela, who has the political capital to institute the deep and painful reforms the country requires to break out of this wicked cycle? If Chávez himself -- who was the closest to God you can get in Venezuelan politics -- didn't dare to touch the gasoline subsidy or move against the Armed Forces' involvement in organized crime, who would dare? In the answer to that question, more than in the epic battles painted by the likes of María Corina Machado, lies the key to Venezuela's long term future.

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