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 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. has no issues with other websites / journalists using / posting information published here, so long as the source is properly cited.

January 2011

Hugo Chavez: the $2 trillion dictator

The former British Ambassador to Venezuela said: "but Chavez is an incredibly popular figure, is he not?" I must confess, I hate that type of argument. It means little, in my book, given that I am part of that 52% of Venezuelans who are at the receiving end of Chavez's hatred. So I replied: "you give anyone the access to the kind of money that Chavez has got control over, and even a chimpanzee would become incredibly popular." Laughter. Followed by "well, that's true." See, we have had to put up with such comments for too long.

Venezuela: Hell on Earth

By Walter Molano, BCP Securities, LLC | As Colombia transforms itself into an oasis of prosperity, Venezuela descends deeper into the dungeons of hell. Some academics propose that a country's leadership has a limited impact on a nation's trajectory. They argue that it is more dependent on its natural endowments, social structure as well as random exogenous factors. However, this is not the case with Venezuela.

Dictator Chavez grants himself veto powers

A few years ago, searches for Venezuela in Google News use to return about 3,000 results. Today, it returns more than 25,000. Alas such explosion of news articles does not mean that objective coverage has increased eight fold. It continues to be lacking. Take for instance news that Hugo Chavez vetoed universities and tax increase laws. Thus far, AP bureau in Caracas sent a wire, from Ian James, that was picked up by the New York Times and Business Week.