http://www.guardian.co.uk/world/2009/feb/02/venezuela-hugo-chavez-anniversary
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The boligarchs: Venezuela's new elite

They shop in Miami, sip whisky on rooftop bars, drive new 4x4s and
wear red T-shirts to government rallies: meet the "boligarchs".

Venezuela's Bolivarian socialist revolution, named after the 19th
century liberation hero Simon Bolivar, has smiled on a politically
connected new elite.

Years of record oil revenues poured petro-dollars into the pockets of
those who knew how to play the system, including, it is alleged,
relatives of government ministers.

President Hugo Chávez has railed against the conspicuous consumption
as the antithesis of Che Guevara's ascetic ideals. "What kind of
revolution is this? The whisky revolution? The Hummer revolution? No!
This is a real revolution!"

Yet imports of luxury goods have soared in recent years, notably
Scotch and fancy cars. Caracas property prices have rocketed. "My best
customers are chavistas. They pick the apartment they want and they
pay cash," said one estate agent.

In addition to oil deals the nationalisation of big companies,
government building contracts and exchange rate controls have created
opportunities for "commissions" and arbitrage. Luis Tascon, a
pro-Chavez national assembly member, named and shamed alleged sleaze
merchants close to the president. He found himself expelled from the
party and labelled a "counter-revolutionary" by state media.

The president has not been accused of personal enrichment. But
opponents claim his parents and five brothers have snapped up vast
tracts of land in their home state of Barinas.




-raghu.


--
OUT TO LUNCH - If not back at five, OUT TO DINNER!
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