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You are half right. Its very difficult to deny that Chavez is eroding human and civil rights in Venezuela. However I don't believe he has any economic credibility either. Centralizing banks, fixing the currency, nationalizing foreign firms? He is creating an investors nightmare, and Venezuela will have no source or money should the oil price slip in any meaningful way. Add to this the upward pressure his policies are putting on inflation and you have the beginnings of a long-term economic disaster, however well he is able to mask that in the short-term.



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