Chavez and the Private Sector

As can be seen in Table 1, the private sector has grown faster than the public sector over the last 8 years, and therefore the private sector is a bigger share of the economy in 2007 than it was before President Chávez took office.9

Table 1 also shows the sectoral growth of Venezuela's economy over the last 8 years, through the first quarter of 2007. The growth has all been during the current economic expansion – the four years from Q1 2003 to Q1 2007. The fastest growing sector during this period has been finance and insurance, which grew 240 percent during this period. Other fast growing sectors included construction (144 percent), trade and repair services (127.5 percent), communications (99.5 percent), and transport and storage (87 percent).



Center for Economic and Policy Research

Wow, I'm surprised nobody has jumped on this, considering the amount of discussion Chavez gets on this forum when his name is brought up. And here's data that shows that the private sector in Venezuela has benefited more than the public.

And nobody cares?

Is this a surprise? Chavez mostly gets attention because of his PR stunts criticizing the U.S. Few people actually give a damn about his domestic policy, one way or the other. Personally, I would be happy to see the economy do well for the local populace, regardless of who is in power.

Khayembii Communique posted (Wow, I'm surprised nobody has jumped on this, considering the amount of discussion Chavez gets on this forum when his name is brought up. And here's data that shows that the private sector in Venezuela has benefited more than the public.)


Governments have never made or created wealth.
Socialist Governments have not only never made wealth they have in every instance taxed heavily those that do make wealth.

Now this might well surprise you, but if the above two statements are false, why is it that EVERY previously Socialist State has a failed economy.
Russia as the Soviet Union collapsed due to that government running out of money.
China although ruled by a Communist government has wisely decided that the private sector be left to it's own entrepreneurs to make China wealthy.
The only desire of Socialists and Communists is to hold power.
Power to control the population of their States.

jujuman13 said:

Governments have never made or created wealth.
Socialist Governments have not only never made wealth they have in every instance taxed heavily those that do make wealth.

Click to expand...

This is false.

Imagine if the US government didn't use the army to conquer and stabilize, as well as give away millions of acres of the western US. Without the development the area would have produced significantly less for much longer, thereby decreasing the amount of wealth the area may potentially gain.

Now this might well surprise you, but if the above two statements are false, why is it that EVERY previously Socialist State has a failed economy.
Russia as the Soviet Union collapsed due to that government running out of money.

Click to expand...

Well, running of out money isn't unique to socialist states. Many states of all political stripes have fallen for that reason.

China although ruled by a Communist government has wisely decided that the private sector be left to it's own entrepreneurs to make China wealthy.
The only desire of Socialists and Communists is to hold power.
Power to control the population of their States.

Click to expand...

Good for them.

Governments have never made or created wealth.
Socialist Governments have not only never made wealth they have in every instance taxed heavily those that do make wealth.

Now this might well surprise you, but if the above two statements are false, why is it that EVERY previously Socialist State has a failed economy.
Russia as the Soviet Union collapsed due to that government running out of money.
China although ruled by a Communist government has wisely decided that the private sector be left to it's own entrepreneurs to make China wealthy.
The only desire of Socialists and Communists is to hold power.
Power to control the population of their States.

Click to expand...

Way to post a completely irrelevant rant, by the way.

That is crazy, I don't think it is real. Many Venezolans (or how do you call them in english) are coming to Colombia. If you go to the streets, I live in Medellin, far away from the frontier, you can find 1 or 2 venezolan cars every thousand cars.