Thursday, March 7, 2013

New York Times: Americas: Victoria Burnett: Cubans Say Adios to Hugo Chavez: The Future of Cuban/Venezuelan Socialism

We don't know who will even be the next President of the Bolivar Republic of Venezuela after Hugo Chavez. Will the Vice President takeover or will the Speaker of the Assembly, which is like the Speaker of the House in America. I know what direction they should be moving in and economically similar to what Cuba is doing which is freeing their people. And economy to be able to make good lives for themselves and as a result there are already a lot of new private business's in Cuba. Venezuela is a little further along then Cuba when it comes to social and political freedom. They do have private media, not much of it to report what really happened during Hugo Chavez's presidency. And they do have a real political opposition but they are not as far along economically as Cuba. They don't have the education system, healthcare system, scientists, infrastructure and so fourth. Venezuela still needs a lot of economic development and with the oil that they have, they could finance that and then be able to borrow whatever money they might need after. That so the future of both countries I believe is fairly similar, develop their economies with the resources that they have. Spend those resources wisely and they'll be able to attract foreign investment for their economies to be able to take off. And not go back to Castro state-ownership which is why Cuba is still a third world country today.