Gustavo Coronel: The Four Hotbeds of Corruption in Venezuela

Thursday, March 17th 2011 - 18:25 UTC

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Hugo Chavez became president of Venezuela in 1998 on the strength of his promises to stamp out corruption. Venezuela had been a democratic showcase for the hemisphere from 1958 to the early 1970’s but after receiving a huge oil income in the mid-1970 the quality of government deteriorated and waste and corruption set in. By 1998 most Venezuelans were deeply disappointed and wanted a radical change. They got it with Hugo Chavez. What they never imagined was that the change would be for the worse. Read full article

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yul
~~ 25 billions $ is absent in National Accounts !

not only private sector,.......
almost many public institutions runs in informal circles .
Mar 17th, 2011 - 07:24 pm - Link - Report abuse 0
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GeoffWard
If we are to believe Coronel
(and I see no immediate reason why we should not),
Venezuela suffers under the Chavez dictatorship a level of corruption staggering even by the standards of Brasil and Argentina.

Is there any nation in South America more corrupt than Venezuela?

And are there any words stronger than 'CORRUPT' to adequately describe the depths to which Chavez has has taken this once rich and potentially great country?
Mar 18th, 2011 - 02:59 pm - Link - Report abuse 0
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