The Danger of Hugo Chávez's Successful SocialismNEW YORK--When the hated despots of nations like Saudi Arabia and Kazakhstan loot their countries' treasuries, transfer their oil wealth to personal Swiss bank accounts and use the rest to finance (in the House of Saud's case) terrorist extremists, American politicians praise them as trusted friends and allies. But when a democratically elected populist president uses Venezuela's oil profits to lift poor people out of poverty, they accuse him of pandering.
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