Evo Morales, Rafael Correa

Chaos and the Left

There’s a certain tendency among conservatives to see the macroeconomic chaos Venezuela is experiencing as the inevitable result of radical leftist government. But this must be one of the easier fallacies to refute: Latin America is peppered with radical leftist governments that are chipping away at democracy in a context of macroeconomic order and growing prosperity. Prof.…

39 stories up on One Liberty Plaza (foreground on the right)

Moron Risk

It’s hard to pick out which is the more munificent of the money quotes in Katia Porzecanski’s Bloomberg piece about Wall Street investment banker types mobbing the Manhattan law offices of Cleary Gottlieb Steen & Hamilton LLP to grill the lawyers with “what ifs” about the Venezuela default they all expect. Is the most surprising detail that such…

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The Animal Farmification of Venezuelan Politics

Corporate jets owned by a Venezuelan State oil company are being abused by regime cronies to take their families on pleasure trips to Colorado, Hawaii, Australia, Paris, Bilbao and other destinations. El Nacional’s Maru Morales and Hernán (a.k.a. Ñapi, a.k.a. Victoria de Mierda) Lugo-Galicia have the somehow simultaneously shocking and not-even-a-little-bit-surprising details. The déjà poo (“I’m sure…

Venezuelas opposition leader Corina Machado reacts after inhaling tear gas after she tried to take a seat at the national assembly in Caracas

The A-to-Z of Violating María Corina Machado’s Rights

Chavismo’s animus against Maria Corina Machado, the leading democracy activist who was indicted on  trumped-up charges of “conspiracy” today, has reached farcical extremes. Today, attention was focused on whether she would be jailed – she won’t be quite yet. Nonetheless, the torrent of abuse she’s faced these last few years is extraordinary. Consider. Since 2010, María Corina Machado has been…

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What if it’s Diosdado who’s vetoing devaluation?

2014 will be remembered as the Year of the Shortage. In Venezuela these days you need a prescription to buy acetominophen, a birth certificate to buy diapers, and six hours out of your Saturday standing in line to buy some cooking oil. The macroeconomic chaos the country has reached has made it uncontroversial to describe…