Your vague hint at Venezuela’s “lack of durable democratic institutions” is striking considering the context. It is, after all, democracy that gave rise to the autocratic regime run by Hugo Chávez. The majority of Venezuelans were seduced by the promise of wealth supposedly being denied to them by the very rich and the very foreign. What they wanted was a thug and what they got was a thug—democracy at work. The consequence, as we have seen, is economic disaster. The poor are more destitute than ever and the rich have become an even smaller minority. We can reasonably conclude that what is lacking in Venezuela is not democracy, but a system to check the unrestrained power of the mob. In other words, Venezuela needs a strong constitution limiting democratic authority and defining individual rights. It ought to become a constitutional republic.
Zev Barnett http://the-undercurrent.com/blog/condemned-by-democracy/
The Undercurrent is a magazine distributed at college campuses and communities across the country. We release a print edition once per semester, and in the interim, regularly post additional articles, blog entries, and campus media responses reports to our website.
The Undercurrent's cultural commentary is based on Ayn Rand's philosophy, Objectivism. Objectivism, which animates Ayn Rand's fiction, is a systematic philosophy of life. It holds that the universe is orderly and comprehensible, that man survives by reason, that his life and happiness comprise his highest moral purpose, and that he flourishes only in a society that protects his individual rights.
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