Social structures and institutions are crucial to a country development.



Venezuela clearly has a social problem like Hausmann is protraying, but he forgets that on the other side is a oligarchie that is so blind, if not blinder, and who is partially responsible for the turn Venezuela has done.



This is a common problem in South America and in other parts of the globe, where the oligarchies are completly dumb to the life condition of the people and continue to run the countries llike they were in the 19th century.