Hugo Chavez Quotes
For a hundred years we have been one of the largest oil-producing countries in the world but with a 60 percent poverty rate and now we are canceling the historical debt.
If a state has substantial natural resources, the rulers and their close supporters can generate enough revenue for themselves without worrying about the industrialization of the nation, education, economic development which requires the health and education of the population. As a result, while “rentier” states seem rich, they very rarely improve the quality of life of most of their citizens.
Hugo Rafael Chávez Frías was a Venezuelan politician who was president of Venezuela from 1999 until his death in 2013, except for a brief period in April 2002. Chávez was also leader of the Fifth Republic Movement political party from its foundation in 1997 until 2007, when it merged with several other parties to form the United Socialist Party of Venezuela (PSUV), which he led until 2012.