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.
On the left, the Government’s voracity as it increased the budget from 17% of GDP to 30% last year. (GDP is up!). Despite this, Government’s statistics reveal that the average salary of employed workers adjusted in real terms, has not increased at all!!!
Thus, there is voracity, but the inefficiency is even worse!!!
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The Devil's Excrement 