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Very true. In virtually every social/economic index, Venezuela has tumbled into the third world strata.
Umm....
The Chávez Administration at 10 Years: The Economy and Social Indicators | venezuelanalysis.com
There's a center for economic policy research link in there.
Did you know that IMF projections on Venezuela is one of the biggest bones of contention over the politicization of the IMF's projections? Venezuela doesnt look so bright in some places but from the lowest denomination human aspect things are actually much brighter for the vast majority of Venezuelans. Alot of the economic hubbub doesnt apply to Ven, they're an oil rentier state.
Also blackouts were common several times a week before Chavez. 70% of electricity came from one hydroelectric dam.
Venezuela Aims to Prevent Future Electricity Crisis as it Recuperates from Current Shortage | venezuelanalysis.com
Electricity Crisis over in Venezuela | venezuelanalysis.com
Suspected Sabotage of Electric System
The Energy and Mining Commission of the Venezuelan National Assembly announced that it will open an investigation of eight Colombian ex-military employees who were detained earlier this week on suspicion of spying after they were caught taking pictures of Venezuela’s electricity infrastructure.
“There is a series of facts that demonstrate that the denunciations with regard to sabotage have basis,” said National Assembly President Cilia Flores.
The Colombians were found in possession of satellite equipment and camera images of various electricity stations, transmission lines, and transport infrastructure around the country.
President Chavez said the Colombians’ activities were part of “the desperate counter-attack of the empire,” referring to the United States, which is Colombia’s chief ally and recently expanded its continental espionage and military surveillance from seven Colombian bases. “Without a doubt, this is part of the seven U.S. military bases in Colombia,” Chavez said.
I makey da lawlz.