He devalued their dollar and made the poor even poorer as goods and services increased in cost.
He nationalized the oil industry and his manipulation of it drove up oil prices all over the world.
What's hilarious is that you give him a pass for it. You don't even want to talk about it.
2001-2008: Dissent is the highest form of patriotism.
2009-2016: Dissent is the highest form of racism.
2017-? (Probably): Dissent is the highest form of misogyny.
But when a greedy capitalist conservative does it, that's when you have a problem with it.
Typical leftist. Thankfully, socialism is on it's way out. Once Venezuela cuts Cuba off the teet, they'll be on their way back to sanity as well. Thank God.
"Action is the real measure of intelligence." - Napoleon Hill
However your source falsely claims that "it could be argued that this was difficult" because there was "considerable sabotage" in the oil industry. Baloney. Production had been halted, not damaged, and if there was "considerable sabotage" then why did it take only two months for oil to reach pre-strike levels? Further more, your study's cut off point is 4th quarter of 2008, conveniently before their GDP in current U.S. dollars by nearly 20% from 2010-2011. That's according to the World Bank by the way.
If one simply looks at Chavez's full term from 1998-2009, instead of cherry picking the difference between the highs and the lows, one finds that the economy grew 4.3% per year, or nearly a third of what you are claiming. And you know where I got that? Your own source.
The fact of the matter is this. While yes, Venezuela has had growth rates that would be considered exception here in the U.S., overall, their growth rates are not so impressive when compared to other in the region. In fact, from 2004-2012, their growth rates were a mediocre 6th out of 11 comparable countries ~@4.7% per year. Economic Growth in Venezuela | The Americas Blog
Certainly not the outperformer you claim it to be.
Poverty and extreme poverty plummented under Chavez. 5% growth while the US economy is a basket. He stopped oil companies from exploiting Venezuela and used the oil money to fund his successful program. During the 70s oil boom most of country lived in extreme poverty. I guess factually challenged Chavez haters would prefer that people suffer under capitalism then prosper under socailism. Actually the Chavez haters don't care about South America at all. If did they would condemn Reagans' death squads, the murder of Allende in Chile, Columbia's Arias murdering of labor activists and the US drug war that has led to violence in Mexico and Columbia. They hate Chavez because he has the courage they lack in standing up to corporate fascism. He was far from perfect but his accompishments dwarf those of ciphers like Bush and Obama, who genuflect before corporate power.
well once in awhile you do hear some good news!
Anti-Democracy advocate, Mixed government is the only good government
THE second point to be examined is, whether the [constitutional ]convention were authorized to frame and propose this mixed Constitution.
as far as l know chavez was not a war criminal
l wish some real monsters were hated by many people too..
"Sovereignty is not given, it is taken." ATATÜRK