Morality, Justice, And Venezuela's New Government
`In Venezuela, Caldera's shackles have business chafing" (International Business, Aug. 8) tells only part of the story, the part that corrupt bankers and politicians would like to hear. Most Venezuelans don't want currency controls, and the improvisation the government has shown when implementing them shows it didn't want them either.
As a result of the financial crisis and the virtual collapse of the banking system, President Rafael Caldera's government has been on the defensive. This is the aftermath of four years of a government most Venezuelans didn't want, not because of the economic reforms carried out during Carlos Andres Perez' government but because of corruption charges and questionable relationships between him and economic groups. Morality and justice are key elements [in] an economic plan; those are Caldera's strong points.
We'll have to see if Caldera [is] able to carry out the second phase of his economic plan. Then you may be surprised at how "open-minded" he is. We all want Venezuela inserted into the global market, but let us do first things first. Perez thought all he needed was a "dream team" of technocrats to redesign Venezuela. He forgot that every dream team needs a dream coach, an honest and moral one.