A First Contract to Venezuela

Venezuela has decided to sign its first contract to export liquefied petroleum gas. It’s first of a kind initiative that the government in Venezuela has taken to boost its lagging economy. The government must focus on economy, and must use all the resources that it has at its disposal to uplift the populace in Venezuela out of poverty. Venezuela as a nation is filled with natural resources and must use its resources wisely to benefit its populace. The life under a dictator was precarious and troublesome. The new leaders must reckon the fact that their citizens live for a better future, and should be given the citizenship privileges that they deserve. Most nations have advanced their interests through better economic understanding and worked with honesty of political sentiments to build their economies. Venezuela must follow the same dictum of economy, and use its natural resources with fullness of purpose. Venezuela has been a laggard when it comes to economy, and its economic conditions have been considered worrisome. It must seek regular assistance from the United States to further its economic aims, and give economic opportunities to its citizens. It must seek an economic plan to build its economy and not allow Chavista to become an only political idea to live by. Chavista as a political ideology didn’t fully support socialism although promised programs that should have brought welfare to the poor. Socialism was used as an idea to rule the rueful masses without giving or guaranteeing them their rights. Socialism was an inspiration that they fell back on, and then ignored the factors that should have worked. It had been another expedient political idea in South America.

Chavista comes from political ideas of Hugo Chavez that emphasizes socialism, economic populism and South American unity. The politics of Chavista had been considerably patriotic and led to changes especially in some social programs. Access to education was an important intended benefit of Chavista. Chavista has become a form of socialism that does not fully work but acts as a glue in a society divided by graft and engulfed by cartels. The changes in politics must come gradually in a nation that had been kept under a dictator, and therefore, more time shall be allotted to its government. Most places in Venezuela were kept under control by cartels under its former president, Nicolas Maduro. The last president didn’t bring any advantage to his people, and gave them a life of hardships and divisiveness. Maduro as a leader was not productive and didn’t pay any attention to the economy and opportunities that natural resources bring to a nation. The natural resources should have been used for the welfare of the people, but they weren’t. The people’s interests were spoken about but seldom adhered to. The politics was a made macabre of decoration that filled the pockets of its erstwhile leader. The lives of Venezuelan people under a dictator had been difficult and filled with diffidence of bad politics. The citizens were kept harassed, and abjectly repressed, they were not allowed to work and live as they saw fit. The business sentiments were suppressed by a regime that made graft a daily part of life. Venezuela must work by economic principles that support a market economy.

Yuvraj Saharan

Capital Report