Ah! I almost forgot, but Pedro reminded me of this article in today’s New York Times about Venezuela. Just to be fair, I have to say it is the first article by Juan Forero which I don’t get mad at, even if it is quite negative.
The Devil's Excrement
Observations focused on the problems of an underdeveloped country, Venezuela, with some serendipity about the world (orchids, techs, science, investments, politics) at large. A famous Venezuelan, Juan Pablo Perez Alfonzo, referred to oil as the devil's excrement. For countries, easy wealth appears indeed to be the sure path to failure. Venezuela might be a clear example of that.
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The Devil's Excrement 
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