Slowing down the Law of the Jungle, The Venezuelan Supreme Court ruled yesterday that the Government had to suspend the exprpriation of the Polar silos in Barinas state. As described here
in late September the Governor of Barinas State who happens to be
Chavez’ father, expropriated the plant without following any of the
legal procedures established in the law. Of course, they can now go
back and do things right to satisfy the Court, but at least they will
have to follow the procedures established in the Constitution for
expropriating something, which includes the National Assembly
declaring it a public utility and paying compensation.
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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