"As with most oil economies he appears to have spent it liberally on the poor" errrrrr...most oil economies are kleptocratic, they're rarely particularly magnanimous socially speaking. And everybody is 'borrowing large sums from china'. It's not like we all go to the bank of china applying for loans. We issue bonds and hope the market buys them, apart from the usual institutional types, the biggest buyer of national debt is China, for everyone. This oft repeated refrain is a total red herring. The economy was tanking before Chavez took power and he has reined in the worst excesses of rampant corruption that was by and large responsible for those troubles. The economy isn't in dire straits now, it's just that compared to boom in Brazil and a resurgent Argentina (as fragile as that is) it could be said to have underperformed and not diversified from oil enough, but hardly a damning indictment of is it. And given S. Aerica's depressingly long history of popular coups turned bloody juntas, the past fifteen years have ben remarkably stable and peaceful. Considering the abysmal human rights records and concentration of wealth in the leadership of our oil rich allies in the arabian peninsular or west africa, Venezuala is practically bloody Norway. He seems to have become a pariah for daring to thumb his nose at the Monroe Doctrine frankly. I for one will miss him if only for the donkey speech!!