There cannot be any clearer illustration of the impotence of Africa’s continental and regional institutions to find local solutions to the continent’s problems, than their numbing inaction in the face of the wave of popular rebellions against dictators in North Africa sweeping across the continent.
In a recent editorial comment, The Economist issued a solemn call to all believers in global capitalism not to despair, not to panick, and to do nothing that could endanger the capitalist system (October 18-24, 2008). The magazine invoked the words and spirit of its founder, the Scottish businessman, James Wilson, who, about 165 years ago, gave the paper the philosophy of "economic liberty".
Venezuela has undergone profound political and social changes since Hugo Chávez assumed the presidency in February 1999, which have been reflected in the fundamental pillars of the government’s economic policy.
The market-oriented democratisation of the Third World has been developed by Western powers as a policy that fuses both democratic rhetoric and support for more pluralist policies in the Third World, with the pursuit of Western interests.