Socialism vs. workers
More bad news for the government: union bosses are sick of business as usual. This story by Ana Díaz quotes several left-wing union heads dissing the government. The...
Juan Cristobal Nagel
Teaches Economics at Universidad de los Andes in Santiago, Chile. Former editor of Caracas Chronicles.
The Maduro corruption tax = 60%
An excellent article from El Nacional on the high cost of building power plants in Venezuela. Because the government has basically sworn off procurement auctions, and instead resorts...
Requiem for a tool
Today the Central Bank of Venezuela saw a changing of the guard. Out went recently-named president Edmee Betancourt – a protege of the radical wing of the economists...
The empty piggy-bank
Business Insider cites a report by BofA economist (and amigo de la casa) Francisco Rodríguez, explaining how the dramatic drop in Venezuela’s foreign reserves is caused almost exclusively by...
The roadmap
I’m currently reading “The Quest for Prosperity,” a terrific book by the former Chief Economist of the World Bank, Justin Yifu Lin. It’s a highly-recommendable read for those...
The Mardo mistake
Primero Justicia congressman Richard Mardo was stripped of his parliamentary immunity yesterday. In a 97-68 vote (that’s 59-41 in percentage terms, in case you’re wondering) the chavista majority...
Caracas goes California
Longtime Caracas residents probably know that Arabicá Café, in Los Palos Grandes, has pretty much the best coffee in town. But did you know that the good folks...
The non-scandal
Today we “celebrate” the 60th anniversary of the assault on the Cuartel Moncada, which marked the beginning of the Cuban Revolution. Maduro is in Cuba, alongside Evo, Daniel...
Some final thoughts on Capriles in Chile
As some of you know, Henrique Capriles was in Chile last week as part of a tour that took him to Peru. (My take in Prodavinci here, and...
Chavistas-in-China syndrome
On this blog, the occasions where we actually congratulate the government for something are extremely rare. Today is one of those occasions. A few days ago, Vice-President Jorge...
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