Venezuela has huge reserves of one of best natural resource in world- Oil. Rising prices of oil resulted in huge cash flows for Venezuela. The then President of Venezuela Hugo Chavez decided to follow the socialistic model of economy. He decided to spend this money on social welfare, the money was supposed to be distributed among poor.
“I have always said, heard, that it would not be strange that there had been civilization on Mars, but maybe capitalism arrived there, imperialism arrived and finished off the planet”
As committed socialist he was also against capitalism. He decided get rid of private enterprise, the power of bureaucracy went up and those opposing him were labelled as rightist and agents of capitalism and US. He used popular leftist methods like control of production and control of prices.
All this made him very popular.
In faraway India, in one of the universities called Jawaharlal Nehru University, Chavaz’s success was something worth celebrating. One of the student called Sini Minsu considered herself to be “leftist”. Minsu got married to one of the PhD student of same university called Siju, who was also a “leftist”.
“Chavez had put an end to a corrupt economic and political elite, and had focused the government’s attention on the poor.”
-Siju, student of JNU for last 10 years
Siju and Sini wrote some powerful “leftist” and “anti-capitalist” songs. They also choreographed a “anti-capitalist” dance. They also used to have equally powerful debated on “communalism”. Students like Kanhaiyya Kumar and Shahela Rashid sing them even today.
They decided to do research on Chavez. They wrote entire thesis based facts given in one book called “Chávez, Venezuela and the New Latin America” written by Aleida Guevara, daughter of Che Guevara and supporter of Chavez.
“Poverty was declining dramatically under Chavez”
-Sini Minsu, unemployed mother of two children
Sini and Siju decided to invite Chavez to India and address JNU students. “Comrade Chavez” was given red salute “Lal Salam”.
After oil prices started falling, the socialist economy started facing problems. With private enterprise on decline, the bureaucrats took over running of economy. Bureaucrats were incompetent and corrupt. Shortage of funds for social welfare along with corruption and controlled economy resulted in poverty, hyperinflation, food shortage and riots.
“We need to reduce extreme consumption to achieve a point of equilibrium between supply and a fair price. I trust in the hardworking majority of this country.”
But Chavez and his successor Nicolás Maduro blamed all problems on capitalist and called anti-government protesters as agents of US. With no solution in sight, people continue to suffer poverty and hunger. Ironically, this absurd way of running of economy by Maduro is hailed by leftist all over the world.
Last heard Sini and Siju, currently jobless have decided to migrate to Venezuela.