Venezuela under Chávez Frías is on the path of economic ruin

Currently Venezuela under General Hugo Rafael Chávez Frías is on the path of economic ruin, simply because he (Mr Chavez) has also decided to launch land reforms that are strangely not getting the same media buzz as that of Zimbabwe[3]. But Venezuela’s economic difficulties are absorbed by the benefits that her government is generating from the stratospheric oil price. Any significant drop in Oil price, might also chime the toll bells of the end of the rule of the proponent of Bolivarian Socialism, for it will be difficult, if not impossible for him to control the wave of anger and demonstrations that will hit his country. Honesty therefore requires that, sentiments not be put on land issues.