Global Thought & Awareness Broadcast
...social programs, subsidies on food and basic goods and excessive spending on health and education caused decline in manufacturing or agriculture... all this social spending relied excessively on oil revenues from PDVSA, and once the oil prices dropped in the international market, Venezuela had nothing to spend and the economy went into ruins...
The legacy of Hugo Chavez, who is considered the mast-holder of Bolivarianism in South America, is not just of a communist ideal that is meant to create a utilitarian economy and the uplift of the lower class, it is an idea based on the spirit of freedom and the strength needed to sustain it.
This study analyzes the status of United States as a superpower based upon the stages of the life of a superpower identified by Samuel Huntington in his essay ‘The Lonely Superpower’, and tries to find out how far the United States has moved into his predictions, after over one and a half decade of his writing.
US history is filled with many such heroic figures, who understood their civil and constitutional rights, and were willing to jeopardize their illustrious careers and risk the permanent enmity of the strongest network of secret predators.
Between sweet words and a lot of self-aggrandizement of America’s leadership role in the world, Obama made clear that the US will unilaterally pursue its interest.