Message to INFODIO readers: investigative journalism, which is what this site does, takes lots of time. Visiting media looking for a quick run down on Venezuela's gargantuan corruption, have the decency to at least cite the source when plagiarising this site's content without attribution (exhibit Reuters here and here, exhibit Bloomberg here, exhibit OCCRP here). To all readers, do the right thing, the honest thing: support independent investigative journalism, help us expose rampant corruption. Note added 28/06/2021: impostors are using INFODIO's former editor's full name, and a fake email address (alek.boyd.arregui at gmail.com) to send copyright infringement claims / take down requests to web hosting companies (exhibit Hostgator). The attempt is yet another effort paid by corrupt thugs to erase information about their criminal activities. Infodio.com has no issues with other websites / journalists using / posting information published here, so long as the source is properly cited.

While socialism fails in Venezuela, Hugo Chavez bows to capitalism

14 años ago By Alek Boyd

The WSJ reports today that the Venezuelan madman said recently that "investment and experience from foreign oil firms is necessary in Venezuela, "We need it". Contrast this position, in a rather pathetic effort at courting international investors, with these statements, made for local consumption: “In the model that I envision, public companies will not depend to survive on their installed capacity, nor the quality of its articles, nor their costs, nor their sales, because their continuity would be assured by the State.”

How can any right thinking person reconcile the two: is Chavez a socialist, or is he a capitalist? Moreover, how can Chavez's reassurance be taken seriously, if only last week he ordered summary expropriations of private companies?

One thing is certain, Chavez's 21st century socialism is proving a bigger failure than its predecessors.