Hugo Chavez hailed as a hero of the poor and much admired by some in Sri Lanka seems to have succeeded in wrecking his country. Its not quite out yet, but despite windfall oil revenues Venezuela faces near 30% inflation and declining gdp growth, for details just have a look at this.
It just shows what incompetence and mismanagement can do. It also tells you that oil is no panacea for economic ills, something that Sri Lanka seems to be pinning its hopes on. Robert Mugabe showed how much destruction one man can cause and it looks like Chavez is following hard in his footsteps.
For a highly readable and personal vignette of Venezuelan life, just read this.
Depressing stuff, if eye opening, but at least I suppose its better to examine others problems than ones own. Safer too.