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VenEconomy : A mythomaniac revolution

 


The Castro-communist “revolution” has a morbid tendency to distort reality.
The lies with which the government has tried to hide how it has failed in all spheres of its endeavor are many.

In 2005, Aristóbulo Iztúriz declared Venezuela to be “Illiteracy-freeTerritory.” The economist Francisco Rodríguez then exposed this lie and, with statistics in hand, even showed that, in the first five years of the Chavista process, illiteracy had increased in Venezuela.

More recently, the consultant Werner Corrales made public a statistical analysis conducted by him on some of the socio-economic indexes used by the government. In doing his analysis, he looked at data variables and the validity of benchmarks, while taking reliable series for more than 30 years, from 1975 onwards. Basically, Corrales studied the country's poverty, unemployment, and informal employment indices, all presented by the government as icons of the revolution's achievements.

For example, according to the government, poverty in Venezuela affects only 31.7% of the population versus 70.9% in 1995. After standardizing the statistics and making them comparable, Corrales determined that, between 1995 and 1999, there was declining trend in this index, which was reversed from 2000 onwards, reaching 20 million poor in 2004. According to Corrales's calculations, the poverty average between 1999 and 2009 was 16 million persons, 2 million more than between 1988 and 1998, and poverty at the close of 2009 would not be 31.7% as stated by official sources, but around 53%.
As for open unemployment, while the National Statistics Institute maintains that it has been in a clear decline since 2003, Corrales shows that average open unemployment rose from 9.9% over the period 1988-1998 to 15.1% in the period 1999-2009, and that informal employment went from 39.7% to 43.3%. In the first period, there was an average of 4 million people openly unemployed or informally employed, and in the second period, that figure rose to more than 7 million.

The government mythomaniacs' most blatant lie is to be found in official statements claiming that Venezuela is among the 10 “best nourished” countries in the world, exposed by Gustavo Coronel in his column on November 17.

According to Coronel, “the fact is that Venezuela is among the 10 ‘best' underdeveloped countries, out of the few that sent information for the period 2005-2007 to the FAO.”

If the government were as efficient, effective, and determined in its management of the country as it is in touching up the truth in order to sell the bounties of “21st century socialism,” things would be very different.



 

VenEconomy has been a Venezuela's leading specialized publisher on financial, political and economic data since 1982. VenEconomy's Points of View on the issues of the day, as seen by VenEconomy during the last week. Petroleumworld does not necessarily share these views.

Editor's Note: This commentary was originally published by Veneconomy , on November 17, 2010. Petroleumworld reprint this article in the interest of our readers.

All comments posted and published on Petroleumworld, do not reflect either for or against the opinion expressed in the comment as an endorsement of Petroleumworld. All comments expressed are private comments and do not necessary reflect the view of this website. All comments are posted and published without liability to Petroleumworld,

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Petroleumworld News 11/18/2010


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