Mar
06
2013

AP: Chavez Wasted His Money on Healthcare When He Could Have Built Gigantic Skyscrapers

The Burj Dubai (photo: Joi Ito)

Makes Chavez's schools and health clinics look pretty sad, doesn't it? (Photo: Joi Ito)

One of the more bizarre takes on Venezuelan President Hugo Chavez's death comes from Associated Press business reporter Pamela Sampson (3/5/13):

Chavez invested Venezuela's oil wealth into social programs including state-run food markets, cash benefits for poor families, free health clinics and education programs. But those gains were meager compared with the spectacular construction projects that oil riches spurred in glittering Middle Eastern cities, including the world's tallest building in Dubai and plans for branches of the Louvre and Guggenheim museums in Abu Dhabi.

That's right: Chavez squandered his nation's oil money on healthcare, education and nutrition when he could have been building the world's tallest building or his own branch of the Louvre. What kind of monster has priorities like that?

Venezuelan Poverty Rate

Souce: NACLA's Keane Bhatt

In case you're curious about what kind of results this kooky agenda had, here's a chart (NACLA, 10/8/12) based on World Bank poverty stats–showing the proportion of Venezuelans living on less than $2 a day falling from 35 percent to 13 percent over three years. (For comparison purposes, there's a similar stat for Brazil, which made substantial but less dramatic progress against poverty over the same time period.)

Of course, during this time, the number of Venezuelans living in the world's tallest building went from 0 percent to 0 percent, while the number of copies of the Mona Lisa remained flat, at none. So you have to say that Chavez's presidency was overall pretty disappointing–at least by AP's standards.

About Jim Naureckas

Extra! Magazine Editor Since 1990, Jim Naureckas has been the editor of Extra!, FAIR's monthly journal of media criticism. He is the co-author of The Way Things Aren't: Rush Limbaugh's Reign of Error, and co-editor of The FAIR Reader: An Extra! Review of Press and Politics in the '90s. He is also the co-manager of FAIR's website. He has worked as an investigative reporter for the newspaper In These Times, where he covered the Iran-Contra scandal, and was managing editor of the Washington Report on the Hemisphere, a newsletter on Latin America. Jim was born in Libertyville, Illinois, in 1964, and graduated from Stanford University in 1985 with a bachelor's degree in political science. Since 1997 he has been married to Janine Jackson, FAIR's program director. You can follow Jim on Twitter at @JNaureckas.