Reaction paper of Ideoligy explore in venezuela Essay

Reaction account of Ideoligy explore in venezuela - Essay ExampleGiven its huge oil resources Venezuela should ideally command a lot of respect internationally as a economically stable state. This however doesnt count to be true with the larger percentage of its population living below the poverty line. At the time president Chavez took over the rains around 70% of the population was below the poverty line. It was expected and hoped that this direct would change. This however did not happen largely due to the ideologies adopted by the government.The gap between the rich people and the poor is just too big considering the massive capabilities that the country has. The very(prenominal) thing that should generate successfulness seems to be driving the disparity. Oil should be good for any given country but when combine with corruption which is rampant in the country then the effects can be catastrophic as they are in this country. The oil industry is controlled by the rich and afflu ent political class. This class is easy known for the greed with which they want to line their pockets with more wealth. They rarely consider the poor.The oil industry is very labour intensive which contributes for the gamey unemployment rates. Another factor that fuels this state is the fact that the country for the most embark on is dependent on imports which has never made it easy for any economy. Add to this the fact that every citizen is of all time trying to enrich themselves. Hoarding of these imported goods is rampart driving inflation in the country high (Dunaway 55). The high prices cause the government to try and rectify this and the most popular way for them is to make more money fuelling inflation. This inflation seems the poorer even poorer.One would argue that the best way to cure this would for a jibe overhaul the ideologies prevalent in the political class. Them being the main stakeholders in both the economy and the fond level they are the ones who would driv e any change in the country, ideological or otherwise. They need to