Banking in Venezuela: Fall of the Boligarchs

Hugo Chavez is looking for people to blame as Venezuela declines into a further economic recession. He has jailed several big bankers in an attempt to solve the dilema, however just that was is unknown. If Chavez continues on this path of attacking private banks, he will scare off investment in the future and worsen the economic situation. In addition, his repressive techniques make for an unstable and often violent environment, which studies have shown do not promote growth.