David on Latin America

“Chavez became the bugaboo of American politics because his full-throated advocacy of socialism and redistributionism... delivered some indisputably positive results. Indeed, as shown by some of the most significant indicators, Chavez racked up an economic record that a legacy-obsessed American president could only dream of achieving. Chavez's first decade... saw Venezuelan GDP more than double... both infant mortality and unemployment almost halved... under Chavez's brand of socialism, poverty in Venezuela plummeted... its "extreme poverty" rate fell from 23.4 percent in 1999 to 8.5 percent... left the country with the third lowest poverty rate in Latin America... college enrollment... more than doubled, millions of people have access to health care for the first time... the number of people eligible for public pensions has quadrupled.”

“When... a country goes socialist and its economy does what Venezuela's did... especially when said country has valuable oil resources... [Venezuela] came to be seen as a serious threat to the global system of corporate capitalism... a high crime prompting a special punishment... Are there any lessons to be learned from Venezuela's policies that so rapidly reduced poverty?...Are there any constructive lessons to be learned from Chavez's grand experiment with more aggressive redistribution? Such questions need to be asked. The problem is that...at the moment Chavez's name is invoked, the conversation is inevitably terminated, ending any possibility of discourse. That is by design - it is what the longtime caricaturing and marginalizing of Chavez was always supposed to do. But maybe now [that Hugo Chavez has passed away]...a more constructive, honest and critical economic conversation can finally begin.”