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Complex Chavez Recovery

By       Message Stephen Lendman     Permalink
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It's thought his influence within Venezuela's military exceeds Maduro's support. Whether or not a power struggle emerges remains to be seen. 

Hopefully Chavez will recover enough to return for his inauguration. Doing so would end speculation provided he regains full health. 

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Challenging weeks lie ahead. He's a warrior. He's indomitable. He achieved what few thought possible. Don't count him out.

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At the same time, another president is possible. Cuba relies on ALBA trade relations. Losing it would replicate the post-Soviet "Special Period." Crisis conditions followed. Havana hopes that won't repeat.

Levy believes "With or without Chavez, Cuba will have to deepen its transition to a mixed economy and open itself up to foreign capital."

With it come huge risks. In his book titled "Rulers and Ruled in the US Empire," James Petras exposed six myths of direct foreign investment (FI).

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(1) It doesn't create new enterprises and market opportunities. It buys privatized and other enterprises. It crowds out local capital and public initiative.

(2) It doesn't enhance export effectiveness. It buys minerals and other resources for export. It doesn't create jobs or stimulate national economies.

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I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

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