"The non-oil economy is slowly being strangled by price controls and government actions to nationalize properties ad-hoc."Venezuela's economy has shown astonishing economic growth over the previous five years (2003 to 2008)--a nearly 10% growth rate, with the most growth in the
private sector, not including oil. In fact, they
needed to slow down a bit, to control inflation.
Where on earth do you get the idea that Venezuela's economy is "slowly being strangled"? In fact, Venezuela's economy is NOT being strangled PRECISELY BECAUSE the Chavez government took state control of the industries that corpo/fascist forces COULD USE--and tried to use--TO strangle the economy, and topple the Chavez government, so the rich can get richer once again. Further, Venezuela landed on its feet despite a worldwide Great Depression induced by the Bushwhacks' massive deregulation and massive looting. The Chavez government--while fully funding all of their many bootstrapping social and development projects--managed to save $43 billion in international cash reserves for just such a "rainy day" as the Bushwhacks rained on almost everybody else. This money gives them financial flexibility (they can determine how to finance using the funds). Venezuela was further insulated by strong government regulation of the finance and banking industries. Brazil also did well in this respect. Both of these countries survived the US/Bushwhack financial meltdown because they ignored advice from people with views just like yours--for instance, that spending money on social programs is "squandering" the money.
Venezuela is
"squandering the money they got during the recent run-up in oil prices." Squandering money on
what? Education, adult training, full literacy, free education through college, universal free medical care, grants and loans to small businesses and co-ops, land reform, bridges, roads, streetlights, gasoline subsidies, housing, regional development projects, such as the Bank of the South, the Orinoco Bridge (to Brazil), the new proposed highway from Brazil's Atlantic coast to the Pacific, through Bolivia (to turn ally Bolivia into a major trade route)? These are the things that oil surpluses SHOULD BE spent on--not on second yachts and third mansions for multinational oil executives.
I've given you examples of what the oil profits ARE being spent on. You say they are being "squandered," so you have an obligation to say on
what? Is bootstrapping the poor "squandering" the money? How has it been "squandered"?
As for Argentina--Argentina's economy was
destroyed by the World Bank/IMF. Literally destroyed. Nothing left. Everything looted by the rich at home and abroad. They are still recovering. Their problem is they still have a powerful rightwing/rich landowner elite determined to regain control so that they can loot whatever the Kirchner/Fernandez administrations, and the workers of the country, have restored. Like here, the rich resist fair taxation and want to punish and loot the poor and end or privatize all services. And, like here, there is a corpo/fascist press that constantly promulgates this rightwing view and hammers away against leaders who support justice and fairness. They failed against Fernandez's husband, previous president Nestor Kirchner, because the country was on the ropes. Kirchner brought about the recovery. Now the rightwing thinks they have a chance to get back in power, so they are using every trick in the book to sabotage Fernandez, the first woman president of Argentina. Both Fernandez and our own president, Obama, need show more FDR-like strength in dealing with "organized money" (as FDR put it). They need to crush the looters and greedbags who have brought us all into such a desperate situation.
As for cattle, agricultural commodities are one of the hardest hit industries worldwide. Argentina also suffered a catastrophic drought. You will have to prove to me that Fernandez "killed off the cattle industry." She had nothing to do with the drought, nor with the meltdown caused by First World banksters and the deregulation-mad Bushwhacks. The only thing she did was try to tax the profiteering exporters of soy. The biggest, richest landowners organized against it, and defeated the tax by one vote in Congress. So prove it. How did Fernandez "kill off the cattle industry"?
Some info:
Drought Decimates Argentinean Cattle Industry
ARGENTINA - Argentina's beef industry and wheat and corn production have been devastated by the country's most severe drought since 1961, which has also affected agriculture in neighboring Uruguay, Paraguay and southern Brazil.
According to Hugh Bronstein of msnbc, the crisis is compounded by the world economic slowdown, which is cutting demand for farm products and draining state finances just as ranchers look to the government for help. (MORE)
http://www.thecattlesite.com/news/25878/drought-decimates-argentinean-cattle-industry-----
Argentinean Cattle Herd Declines
ARGENTINA - The national Argentine cattle herd has dropped from 55 million to 52 million in the last year, as many breeding cows have been slaughtered along with large numbers of dairy cows.
There were over 1.5 million cattle lost to the drought, which - according to FarmingUK - was in part caused by the incompetence of the Argentine Gentlemen absentee farmers, who did not take the cattle to slaughter.
FarmingUK says that 90 per cent of these farmers have herds of around 500 beef cows, mainly Angus or Hereford, except in the north of the country where the Brahman and Nelore are favored in the tropical climates.
However farmers are only getting the same price for cattle, as they were four years ago which is genuine reason for complaint.
"The biggest problem in meat production in the Argentine, is the slaughter of cattle with a live weight of 300-350 kilos, vealers or big suck calves, which are slaughtered for the domestic market, which last year utilized 84 per cent of cattle produced," says FarmingUK.
While indeed this makes the most magnificent beef to eat, the cattle if kept to double the weight would more than double the beef production.
TheCattleSite News Deskhttp://www.thedairysite.com/news/26753/argentinean-cattle-herd-declines