Corruption creativity

Two short posts this week end, for your reading pleasure. The first one on corruption latest updates.

When the statist state runs out of ideas (and other's people money)

AS expected the rise of general Vladimir Padrino as co-president of Maduro has changed nothing. After all Venezuela has been a dictatorship for a while, of a new XXI century kind certainly, but a dictatorship nevertheless. It was all just a formality.

Padrino cannot succeed in his attempt at putting food on the table of Venezuelans. His multiple inspections, in combat drag, of food producers have revealed no scandal so far, no hoarding, no lack of manufacturing will. The reason why there is no food production in Venezuela is simple, it is because there is nothing to make food out of.

For better or for worse, and with chavista bred officers it is likely for worse, Padrino seems to have been put there to prepare, or chair, a transition out of Maduro's mess. We already have the first signs on how doomed this might be as clashes between radicals and pragmatists, military and civilians have come to the forefront this past week.

Recalling the recall

The news today, allegedly good, is that the CNE would have recognized that the 1% per state required signatures to call for a collection of a 20% required signatures to call for a recall election has been reached. Already from this sentence you know that the Recall Election this year is far from a sure thing. In fact, no matter what this tweet of Ocariz says, the date of a recall election is not going to be set before the January 2017 deadline after which the recall election is deemed useless (1).

Aquí está el acta que confirma los resultados de la validación por el CNE. Esperamos fecha para el 20% pic.twitter.com/dBB4rL0JM4

— Carlos Ocariz (@CarlosOcariz) 20 de julio de 2016

Ways out of the mess, doubtful all, military for sure, recall it ain't

Last I wrote on ways to get out of this mess was June 11 (and April). Things have changed somewhat since these entries. Time to include recent developments.

Diary of Venezuelan businesses demise

It is now vox populi that Venezuela is suffering a major politically induced economic crisis which has yielded bread lines and people dead from the lack of medicine. The two root causes are well known. Historically it starts with a dependency on a major resource to feed a dysfunctional patronage and welfare state; oil. Populism has been the continuing line of politics since the late 60ies, a line dramatically expanded by Hugo Chavez since 1998. To this tradition Chavez added incompetency, empty ideas, willful prejudice, corruption and even drug traffic, the lone prosperous industry in Venezuela these days.

It is not the aim of this entry to detail the catastrophe that has befallen Venezuela. I will only write some of the key events that have happened to my business, making it nearly bankrupt not through my own possible incompetency but through regulations that have strangled the life of all private business that are not associated with the corruption of the regime.

Revocatorio, Brexit and other assauts on democracy

This past week we got dramatic examples on the limits of democracy. Let's dispatch Brexit fast as the "revocatorio" will require some details.

A letter to Brexiters who think they are on top

So you won yesterday by a hair thin margin on such a transcendental question. You got rid of Cameron and you probably will get "common man" Boris or Farage as prime minister in charge of dealing all the unpopular mess that is coming your way. But I guess the Sterling Pound today is already having a few of you wondering if they did the right thing. Heck! No more cheap vacations in sunny Europe for the time being.

But if somethings could well change, some others cannot, no matter what you may believe.