Accountability, pero al revés

mind-blownThe Venezuelan government insists on transparency in the use of scarce foreign currency…by private firms.

Yesterday, the foreign exchange control administrative agency, Cencoex (which is why they’re calling CADIVI these days), announced draconian measures to “sanction” 17 private companies that have not sufficiently documented what they’re spending their dollars on.

By shutting those companies out of preferential foreign exchange altogether, the 17 are doomed to either fail or move into the illegal currency market.

They’re being sanctioned, lest we forget, by the same government that has spent tens of billions of dollars worth of public money in total secrecy.

Are we clear on the principle here?

Listen, it’s just common sense: so long as you’re spending public money, you retain a basic expectation of privacy. But the moment you start talking about spending your own money, well, certain obligations to report obviously come into play, don’t they?

20 thoughts on “Accountability, pero al revés

  1. The underlying assumption is clear , all monies spent by the regime are well and nobly spent , none of it is ever stolen or wasted , All monies spent by private business or individuals is suspect of being fraudently or wastefully spent , All money syphoned off by boliburgues interests doesnt exist.!!

    US$ belong to the regime , where it allows any private interests or individuals access to it , it is an act of munificent generosity on its part because it means that such money is not being spent by the regime itself as is to be expected .!!


  2. I want these bastards, specially Fleming, to pay for all the poverty they’re causing. Maybe those were “empresas de maletín”, but come on, if they threaded Venezuelan students in Dublin with JAIL for not attending (less than 80% attendance) to the English courses paid with CADIVI, after not approving anything for their living expenses, including minors, I’m sure the’re capable of anything.


  3. Bueno, you have to weigh the possibility that they might be empresas de maletín against the dead certainty that Fonden is a multi-billion-dollar development fund de maletín…


  4. Transparency in government would undermine the profit motive, which is the engine that drives Bolivarian Socialism.


  5. More companies bankrupt, more property for the regime to seize, more unemployment and scarcity of goods. And it is all the wicked gusanos/CIA at fault as the government stretches its tentacles further.


  6. If indeed the 17 companies are “empreses de maletin”, then it is a small drop in a very large bucket. A few sacrificial goats. Send them to the coliseum…


  7. If government finances were truly opened for public scrutiny, Chavistas would be out of power and out of the country within days.

    Take El Commandante Chavez for example. How did he amass a fortune of $4 billion on a president’s salary? Chavez daughters are also billionaires in dollars. Is this the same guy that is friends to all the poor?

    What about all the generals that are now mulch-millionaires. How much cash is going to foreign countries?

    The quickest way to end Chavismo is to open the public books to scrutiny.


    • You are assuming that the people you want to convince care or can even read and understand the financial records. Further, you are assuming that records are accurate and that the books balance. That is a lot of assuming…


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