December 11, 2012

Well over 50 percent of Chavez’ charisma is made purely of oil revenues.

Sir, in “Chavez departs” December 11, you write that “Chavismo will struggle without its charismatic leader”. Indeed, he has charisma, but let us also note that when over 97 percent of all the export revenues of a nation, in this case of oil, lands in the centralized coffers of the State, this provides any leader with quite a bit of that charisma. In Chavez case I would say well over 50 percent. 

And in the same vein let us not forget that the continuation of the Venezuelan citizen’s struggles, against any of their leaders, will be based on that same insane concentration of powers.

http://theoilcurse.blogspot.com/