Severian
6th December 2006, 19:50
Thought I'd post this, among other reasons because there's been some dispute over whether part of the Venezuelan upper class supports Chavez.
From the Wall Street Journal (http://online.wsj.com/google_login.html?url=http%3A%2F%2Fonline.wsj.com% 2Farticle%2FSB116494538377737773.html%3Fmod%3Dgoog lenews_wsj) (Unfortunately they're stingy about letting people access the full article, but I'm getting the paper version thanks to infrequent flyer miles. I'll type some in.)
Venezuelan High Life: Bulletproof BMW And a Vote for Chávez
By José de Córdoba
Word Count: 1,121
CARACAS, Venezuela -- Most of Hugo Chávez's supporters live in shantytowns and count on subsidies from the government. Most of his opponents live in middle-class apartment buildings and mansions in leafy neighborhoods and are horrified by the likelihood of a Chávez victory in Sunday's presidential election.
Then there are people like shipping tycoon Wilmer Ruperti, who tools around town in a chauffeur-driven bulletproof BMW and who owes much of his fortune to the Chávez government. Along with other, well-connected businessmen, known as Boliburgueses -- Bolivarian bourgeoisie -- Mr. Ruperti is rooting for Chávez's re-election.
....
As an oil trader, Mr. Ruperti hit the big time in 2003 when he came to the rescue of Mr. Chavez's government, which was then fighting to survive a strike that had shut down the state-owned oil company, Petroleos de Venezuela SA. With the country running out of gasoline, Mr. Ruperti used his fleet of tankers to unload fuel oil in Venezuelan ports, showing frightened insurers that they were secure. That opened the way for other tankers to bring i gasoline, which Mr. Ruperti bought and then resold to PDVSA, breaking the back of the strike. A grateful Mr. Chavez decorated Mr. Ruperti with the army's Star of Carabobo medal.
Now Mr. Ruperti embodies the contradictions of Chavez-era Venezuela - a country that is dedicated to socialst distribution of wealth, but which is also enjoying an oil-backed capitalist boom that is further dividing rich and poor. Eighteen-year-old whiskeys are the rage, and Hummers and top-of-the-line SUVs clog the streets of Caracas, while four out of 10 Venezuelans survive on $2 a day or less.
.....
Last year, a congressional commission dominated by members of Mr. Chavez's party looked into allegations that Mr. Ruperti made millions from double-billing the state oil company for gasoline shipments during the strike at PDVSA when the company's accounting system broke down...The commission cleared the oil trader....
But the saga continues.
....
For many Venezuelans, Caracas's Dolce Vita of premium wines, premium whiskeys and premium cars brings to mind Venezuela's first big oil boom during the 1970s, a time remembered as the years of "Saudi Venezuela."
From the Wall Street Journal (http://online.wsj.com/google_login.html?url=http%3A%2F%2Fonline.wsj.com% 2Farticle%2FSB116494538377737773.html%3Fmod%3Dgoog lenews_wsj) (Unfortunately they're stingy about letting people access the full article, but I'm getting the paper version thanks to infrequent flyer miles. I'll type some in.)
Venezuelan High Life: Bulletproof BMW And a Vote for Chávez
By José de Córdoba
Word Count: 1,121
CARACAS, Venezuela -- Most of Hugo Chávez's supporters live in shantytowns and count on subsidies from the government. Most of his opponents live in middle-class apartment buildings and mansions in leafy neighborhoods and are horrified by the likelihood of a Chávez victory in Sunday's presidential election.
Then there are people like shipping tycoon Wilmer Ruperti, who tools around town in a chauffeur-driven bulletproof BMW and who owes much of his fortune to the Chávez government. Along with other, well-connected businessmen, known as Boliburgueses -- Bolivarian bourgeoisie -- Mr. Ruperti is rooting for Chávez's re-election.
....
As an oil trader, Mr. Ruperti hit the big time in 2003 when he came to the rescue of Mr. Chavez's government, which was then fighting to survive a strike that had shut down the state-owned oil company, Petroleos de Venezuela SA. With the country running out of gasoline, Mr. Ruperti used his fleet of tankers to unload fuel oil in Venezuelan ports, showing frightened insurers that they were secure. That opened the way for other tankers to bring i gasoline, which Mr. Ruperti bought and then resold to PDVSA, breaking the back of the strike. A grateful Mr. Chavez decorated Mr. Ruperti with the army's Star of Carabobo medal.
Now Mr. Ruperti embodies the contradictions of Chavez-era Venezuela - a country that is dedicated to socialst distribution of wealth, but which is also enjoying an oil-backed capitalist boom that is further dividing rich and poor. Eighteen-year-old whiskeys are the rage, and Hummers and top-of-the-line SUVs clog the streets of Caracas, while four out of 10 Venezuelans survive on $2 a day or less.
.....
Last year, a congressional commission dominated by members of Mr. Chavez's party looked into allegations that Mr. Ruperti made millions from double-billing the state oil company for gasoline shipments during the strike at PDVSA when the company's accounting system broke down...The commission cleared the oil trader....
But the saga continues.
....
For many Venezuelans, Caracas's Dolce Vita of premium wines, premium whiskeys and premium cars brings to mind Venezuela's first big oil boom during the 1970s, a time remembered as the years of "Saudi Venezuela."