The consequence of failure. Chavez's legacy.

The growth of organized crime is facilitated by currency distortions.
The magnitude of exchange of Venezuela, with its edges fiscal, monetary, oil and ideological (XXI Century Socialism) makes it impossible to solve without a coherent economic plan to lift exchange controls. This in turn requires reorganizing the public sector and achieve a balanced budget; financing deficit spending of the Central Government which must be accompanied by the closure of the financing deficit spending of Central Government, CVG and Pdvsa from Central Bank of Venezuela (in Spanish BCV). It requires a process of eliminating financial obligations and bad policies conducted by Rafael Ramírez in PDVSA, in order to increase the currency supply of the oil state since 45-50% to 80% at least, to BCV.

Doing all this is a political, economic, financial and oiler large-scale maneuver that leads explicitly to recognize that economic and oil driving by the Hugo Chavez's government continued by Nicolas Maduro in 2013, had only the purpose of using national resources for transfers and subsidies to consumers, businesses (Cadivi and cheap credit) and socialist public companies; this distorted economy, has accumulated public debt and other liabilities of more than $ 250,000 million. The target was to win elections for many years and postponed the dire consequences. Finally these arrived. 

The fraudulent delivery of currency and works contracts payable in dollars allowed to develop over the years a huge corruption, civil and military, with Chavez supporters and opponents. In addition, high inflation caused by government spending and monetary financing of BCV, the overvalued official bolivar, the rise in the parallel market, coupled with socialist expropriation led to lower domestic production and imports increase. The institutional and moral consequences, though less tangible, are more durable in their damage on Venezuelan society. The growth of organized crime is facilitated by currency distortions and impunity that has prevailed. The economic and political failure affects for the year 2014. Hugo Chavez's legacy includes better serve the poor, a sequence of electoral victories but also a huge economic and moral damage to Venezuela.