Friday, May 16, 2014

William Easterly's "The tyranny of the experts" should be required reading for any oil cursed citizen.

Autocrats and experts have been re-potentiated by Thomas Piketty book "Capital in the XXI Century", which opens up so many new opportunities to sell their expertise in the re-distribution of resources to end inequality. 
As a counterbalance, "The tyranny of the experts" by William Easterly, should be required reading for all those living the oil curse, a Petrocracy, because this book makes clear that the only experts allowed must be us, the citizens.
The idea that a few oiligarchs may know better what to do with 29 million share parts of oil revenues, than every citizen with his share ... is in the short, medium and long term simply absurd. With, in July 2014, 100 years of experimentation, we in Venezuela should have had enough!
Extracted and translated from El Universal
PS. Just as an example currently, June 2014, in this peculiar 21st Century Socialist Venezuela, normal milk, if you can get it, is sold at 278 times the price of gas... that sure must be an economic crime against humanity.