Bob's Links and Rants

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Wednesday, March 02, 2005

Land Reform in Venezuela

Oil has badly distorted Venezuela's economy over the last century, resulting in a fertile country importing some 70% of its food and large numbers of urban poor. President Hugo Chavez has a controversial program for land reform which is attempting to reverse this situation. Seth DeLong explains how the program compares to the Homestead Act of 1862 in the US.