In a public announcement he gave from Cuba, yesterday, Venezuela’s Socialist leader, Hugo Chavez, who just had cancer surgery, said, “Now I wanted to speak to you from this steep hill, from which I feel that I’m coming out of another abyss,” Chavez said. “I wanted to speak to you now with the sun of daybreak that I feel is shining on me. I think we’ve achieved it. Thank you, my G-d.”
As a person who had cancer surgery herself 25 years ago, IFO certainly understands his sentiment. She wonders who his “G-d” is. She wonders whether he will change his ways of governing that are impoverishing his people. Many producers have fled the country, especially petroleum industry workers, to the great benefit of Canada, among other places.
Perhaps it was a good thing he leve his country to get medical care. Just yesterday, June 30, the government (whatever that means in the absence of a ruling strongman), announced they will allow foreign companies to take some of their earnings out of Venezuela.
“CARACAS (Dow Jones)– Venezuelan officials Wednesday authorized $100 million in company dividends that 33 multinational firms will be able to repatriate out of the South American country’s heavily regulated foreign exchange system.”
It’s amazing what happens when a government starts to run out of money and talented people.