Boli-bourgeoisie denotes a class of Venezuelan businessmen whose primary assets are close connections to the Chavez regime

In 2007, for instance, the Economist reported on the rise of the Boli-bourgeoisie in Venezuela. A play off the name of the Latin American liberator Simon Bolívar, Boli-bourgeoisie denotes a class of Venezuelan businessmen whose primary assets are close connections to the Chavez regime, lubricated by a culture of bribery that caused the World Bank to rank Venezuela as the Americas’ second-most corrupt country in 2007.