This month, Francisco Rodríguez published an article in Foreign Affairs entitled "An Empty Revolution: The Unfulfilled Promises of Hugo Chávez". The piece attempts to make the case that Chavez's economic policies have not benefited the poor -- that in fact, the poor are hurting more now than ever.
The Center for Economic and Policy Research (CEPR) has put out an urgent response against Rodriguez's piece:
In the five years since the government of President Hugo Chavez Frias got control over the country's national oil industry, real (inflation-adjusted) GDP has grown by more than 87 percent, with only a small part of this growth being in oil. The poverty rate has been cut in half, and unemployment by more than half. The economy has created jobs at a rate nearly three times that of the United States during its most recent economic expansion. Health care for the poor has been vastly expanded, with the number of primary care physicians in the public sector increasing from 1,628 in 1998 to 19,571 (by early 2007). About 40 percent of the population has gotten access to subsidized food. Access to education, especially higher education, has also been greatly expanded for poor families. Real (inflationadjusted) social spending per person has increased by more than 300 percent. It would be remarkable if this macroeconomic and spending picture were compatible with the dire picture of Venezuela that Rodriguez paints.
I'm not a fan of Hugo Chavez. I believe in ways of living that must not include the State -- no matter how much I am entertained by a certain Head of State's performance in front of his prick counterparts at the UN year after year.
I am also not a fan of economists and believe that economics needs to be stripped out of their cold, dead hands. I do recognize, however, there to be a handful of decent economists with politics not entirely laced with imperialist tendencies, some of whom include the very people CEPR was founded by: Nobel Laureate economists Robert Solow and Joseph Stiglitz; Richard Freeman (Harvard); and Eileen Appelbaum, (Center for Women and Work at Rutgers).
CEPR's paper destroys Rodriguez's allegations by showing that, "some are altogether wrong, and others grossly exaggerated and/or misleading." It is important to put Foreign Affairs' distortions of reality into line with the the geopolitical environment that always seems to surround those places who have sought to nationalize their oil. It's not going too far out on a limb to say that if 9-11 wouldn't have happened, the U.S. would be in Venezuela instead of Iraq and Afghanistan. Certainly, it's not that the White House doesn't want to. It just kinda can't.
It's kinda busy right now.
The "facts" presented by Foreign Affairs this month and its transparent political agenda are quite reminiscent of the coverage other regions and people receive from the New York Times, Fox News, CNN, MSNBC, ABC News. From this point on, it seems to me, any Foreign Affairs analysis being put forth should be critiqued with the similar fervor we show to that coming out of their irresponsible brethren.










