The Real Obstacle to Venezuela’s Recovery: Human Capital, Not Just Money or Politics The devastating earthquakes that struck northern Venezuela recently serve as a stark reminder of the country's capacity for disaster and its inability to recover from it.
At least 6,000 people lost their lives, and tens of thousands more were injured. However, what is equally striking is Venezuela's inability to govern itself effectively.
This is not solely due to corruption or mismanagement but rather a direct result of the Chávez regime systematically dismantling the professional class.