FacebookTwitterGoogle+RedditEmail

With or Without Chávez

by MARK WEISBROT

Hugo Chávez and his party won 13 of 14 elections mainly because they greatly improved the living standards of the majority of voters in Venezuela. Since 2004, after the economy recovered from the devastating opposition oil strike, poverty has been cut by half and extreme poverty by more than 70 percent.

And this measures only cash income: Millions of people also got access to health care for the first time, and access to education also increased sharply, with college enrollment doubling and free tuition for many. Eligibility for public pensions tripled; and in the past two years the government has built hundreds of thousands of houses. Most of the poverty reduction came from increased employment, not “government handouts,” and during most of Chávez’s tenure the private sector has grown faster than the public sector. These numbers are not really in dispute among economists or international statistical agencies. If you follow Venezuela and haven’t heard any of this, it’s because the media is giving you the equivalent of a “tea party” view of the country.

Also, the 20 years prior to Chávez were an economic disaster, with per capita income actually falling between 1980 and 1998. So naturally most people have noticed the difference. Is this progress sustainable? The press focuses on Venezuela’s inflation, which, at just under 18 percent is about the highest in the region. However it has come down from 28.2 percent in 2010, even as the economy has recovered and growth has accelerated. This shows that the government can bring inflation down with the right policies. Chávez’s party won in 20 of 23 states during a regional election on Dec. 16, even with Chávez himself absent from the campaign trail. This indicates that his successor will likely win if he should step down.

This should not be surprising. All of the left-leaning governments in South America–Brazil, Argentina, Ecuador, Bolivia, and Uruguay–have been re-elected, some repeatedly, for similar reasons: They have brought real economic and social change and significant improvements in living standards for the majority.

Mark Weisbrot is an economist and co-director of the Center for Economic and Policy Research. He is co-author, with Dean Baker, of Social Security: the Phony Crisis.

This essay originally appeared in Room for Debate.

More articles by:

Mark Weisbrot is co-director of the Center for Economic and Policy Research, in Washington, D.C. and president of Just Foreign Policy. He is also the author of  Failed: What the “Experts” Got Wrong About the Global Economy (Oxford University Press, 2015).

November 21, 2017
Gregory Elich
What is Behind the Military Coup in Zimbabwe?
Louisa Willcox
Rising Grizzly Bear Deaths Raise Red Flag About Delisting
David Macaray
My Encounter With Charles Manson
Patrick Cockburn
The Greatest Threats to the Middle East are Jared Kushner and Mohamed bin Salman
James Rothenberg
We All Know the Rich Don’t Need Tax Cuts
Elizabeth Keyes
Let There be a Benign Reason For Someone to be Crawling Through My Window at 3AM!
L. Ali Khan
The Merchant of Weapons
Thomas Knapp
How to Stop a Rogue President From Ordering a Nuclear First Strike
Lee Ballinger
Trump v. Marshawn Lynch
Michael Eisenscher
Donald Trump, Congress, and War with North Korea
Tom H. Hastings
Reckless
Franklin Lamb
Will Lebanon’s Economy Be Crippled?
Linn Washington Jr.
Forced Anthem Adherence Antithetical to Justice
Nicolas J S Davies
Why Do Civilians Become Combatants In Wars Against America?
November 20, 2017
T.J. Coles
Doomsday Scenarios: the UK’s Hair-Raising Admissions About the Prospect of Nuclear War and Accident
Peter Linebaugh
On the 800th Anniversary of the Charter of the Forest
Patrick Bond
Zimbabwe Witnessing an Elite Transition as Economic Meltdown Looms
Sheldon Richman
Assertions, Facts and CNN
Ben Debney
Plebiscites: Why Stop at One?
LV Filson
Yemen’s Collective Starvation: Where Money Can’t Buy Food, Water or Medicine
Thomas Knapp
Impeachment Theater, 2017 Edition
Binoy Kampmark
Trump in Asia
Curtis FJ Doebbler
COP23: Truth Without Consequences?
Louisa Willcox
Obesity in Bears: Vital and Beautiful
Deborah James
E-Commerce and the WTO
Ann Garrison
Burundi Defies the Imperial Criminal Court: an Interview with John Philpot
Robert Koehler
Trapped in ‘a Man’s World’
Stephen Cooper
Wiping the Stain of Capital Punishment Clean
Weekend Edition
November 17, 2017
Friday - Sunday
Paul Street
Thank an Anti-War Veteran
Andrew Levine
What’s Wrong With Bible Thumpers Nowadays?
Jeffrey St. Clair - Alexander Cockburn
The CIA’s House of Horrors: the Abominable Dr. Gottlieb
Wendy Wolfson – Ken Levy
Why We Need to Take Animal Cruelty Much More Seriously
Mike Whitney
Brennan and Clapper: Elder Statesmen or Serial Fabricators?
David Rosen
Of Sex Abusers and Sex Offenders
Ryan LaMothe
A Christian Nation?
Dave Lindorff
Trump’s Finger on the Button: Why No President Should Have the Authority to Launch Nuclear Weapons
W. T. Whitney
A Bizarre US Pretext for Military Intrusion in South America
Deepak Tripathi
Sex, Lies and Incompetence: Britain’s Ruling Establishment in Crisis 
Howard Lisnoff
Who You’re Likely to Meet (and Not Meet) on a College Campus Today
Roy Morrison
Trump’s Excellent Asian Adventure
John W. Whitehead
Financial Tyranny
Ted Rall
How Society Makes Victimhood a No-Win Proposition
Jim Goodman
Stop Pretending the Estate Tax has Anything to do With Family Farmers
Thomas Klikauer
The Populism of Germany’s New Nazis
Murray Dobbin
Is Trudeau Ready for a Middle East war?
FacebookTwitterGoogle+RedditEmail