Thought: The Hugo Chavez's Bolivarian Oil Revolution

The Hugo Chavez's vision of many people can be idyllic: champion of people, re-elected five times, enacting the Constitution and thousand elections, fighting against the oligarchs, blamed coup in 1992, survived a coup attempt state in 2002, America's enemy, friend of OPEC, expropriating land, nationalization of oil. Finally socialist, son of the Bolivarian revolution, Castrist and Democrat. Loved by the media. Adored by the left.

It is not understand how, after 15 years of rule, left a country on the brink of bankruptcy in its fourth devaluation, estates expropriated stalled by bureaucracy, speculation, Caracas one of the 20 most expensive cities in the world, Venezuela, as rich country is dependent on imports of raw materials and manufactures most basic.

Yes, it is understable. Hugo Chavez was a populist military adorned with socialist smokescreens to carry an liberal state policy aimed at developing a market economy based on oil. Two were the oil company that left the Orinoco oil belt in 2007: Exxon Mobile and ConocoPhillisp. There were four remaining: Total, BP, Chevron Corp and Statoil which shared the cake with the state. Since then worse and worse.

Health and anarchy.