For those that read Jaime Requena’s article “Once millones de dolores” in last Monday’s Tal Cual, the article he is referring to is HERE and the eleven million dollar claim is in the comments of that post.
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 
July 13, 2010 at 8:47 pm
It is very hard not to be mediocre if you not funded! Beyond the thought of funding those that are not with the program, hiring foreign “consultants” gets one a commission and perhaps more. Venezuela’s technology “partners” Cuba, Russia, China, Iran, Vietnam, India and such don’t have problems with that. Also, sometimes its hard to tell the difference between R and D and reverse engineering.
July 13, 2010 at 7:22 pm
IVIC, INTEVEP and others scientific organizations in the drain because mediocrity.
There are some ones still in these organizations (INTEVEP exist anymore?) that have some hope to maintain their values waiting some better days, but they will surprised more sooner than later, that they can not contribute with the organizations neither the country and they, will be excluded like those referring in these post.
Are some one who remember the prestige of INTEVEP??