Meddle with Mr. Chavez*** Without more meddling, and soon, Venezuela will likely see the collapse of what was once one of Latin America's richest economies and strongest democracies. Mr. Chavez appears to have tired of his half-baked populism; now he seems prepared to destroy what remains of civil society and the private sector. He placed strict controls on foreign currency and has vowed to take away the licenses of private television stations that supported the opposition. He fired 16,000 employees of Venezuela's state oil company -- the country's economic lifeline -- and moved to bring an institution long known for its professionalism under his personal control. Independent economists are forecasting a catastrophic drop in Venezuela's economic output this year; some foresee the virtual disappearance of the private sector. That would bring Venezuela far closer to Cuba, which maybe shouldn't be a surprise: Mr. Castro, who is Mr. Chavez's closest ally, reportedly has dispatched thousands of officials to Venezuela.***
I'm shocked...!