O que é este blog?

Este blog trata basicamente de ideias, se possível inteligentes, para pessoas inteligentes. Ele também se ocupa de ideias aplicadas à política, em especial à política econômica. Ele constitui uma tentativa de manter um pensamento crítico e independente sobre livros, sobre questões culturais em geral, focando numa discussão bem informada sobre temas de relações internacionais e de política externa do Brasil. Para meus livros e ensaios ver o website: www.pralmeida.org. Para a maior parte de meus textos, ver minha página na plataforma Academia.edu, link: https://itamaraty.academia.edu/PauloRobertodeAlmeida;

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quinta-feira, 25 de agosto de 2011

Economics 010: la economia al reves del Profesor Chavez

Eu sempre achei que o melhor curso de economia do mundo não se encontrava no MIT, em Harvard, em Yale, Princeton ou na LSE de Londres. No máximo quem poderia concorrer com el Profesor Hugo Chávez seria a Escola de Chicago, desde, claro, que você invertesse completamente os sinais, as prescrições, as análises, os diagnósticos, as curvas de oferta e procura, as leis elementares da microeconomia, o ótimo paretiano, enfim, tudo o que se poder conceber como manual de primeiro ano de economia, aquilo que os americanos chamam de "Economics 101", ou seja, os princípios elementares da análise econômica, tudo isso você vira, pone al revés, et voilà: surge um novo Manual, perfeito para afundar um país.
Graças a El Profesor, o homem que consegue subverter todas as leis econômicas, segundo o princípio de Galileu: Eppur si muove...
Claro, a economia venezuelana ainda não afundou de vez porque a alavanca galileana se chama petróleo, e tudo se sustenta com a vaca patrolífera que vem sendo ordenhada até o fim. Um dia as tetas vão secar, ou a ordenha vai ser tamanha, que esse gigolô de vaca não vai ter de onde tirar mais.
Aí tudo virá abaixo.
Mas, confesso a vocês que eu ficarei com saudades desse professor de economia al revés: nunca mais teremos alguém capaz de desmentir as leis da física como ele.
Prêmio Ignóbil de Economia na próxima seleção.
Enfim, permito-me recordar aqui um artigo que escrevi a respeito:

Falácias acadêmicas, 9: o mito do socialismo do século 21
Brasília, 24 maio 2009, 17 p. Nono artigo da série especial, desta vez sobre as loucuras econômicas de certos conselheiros do príncipe.
Espaço Acadêmico (vol. 9, n. 97, junho 2009, p. 12-24).
Em meu artigo sobra também para esse guru econômico do Chávez, Heinz Dieterich. Bando de malucos econômicos. (A série completa está neste link.)

Mas volto a insistir: acho que todo estudante de economia tem lições gratuitas, práticas, fáceis de aprender, bastante olhar o que Chávez faz; depois, é só inverter o sentido das medidas, e pronto, já tem um manual de economia al revés...
Paulo Roberto de Almeida

Venezuela’s economy
Medieval policies
Another step forward from Hugo Chávez
The Economist, August 20th 2011
Aquinas, Chávez’s latest guru

CARACAS - EIGHT years after Hugo Chávez’s socialist government imposed strict price controls on basic goods, Venezuela has the world’s highest inflation rate to show for the effort. By mid-2011, food prices in Caracas, the capital, were almost nine times higher than when the controls were introduced, according to the Central Bank; wages had risen by 40% less. Last year consumer prices increased by 27%—compared with an average in Latin America of 6%—and they are still rising. With a presidential election due next year, something had to be done. So President Chávez has used legislative powers granted him by the last parliament to decree a Fair Prices and Costs Law, which in effect makes inflation illegal.

According to the decree’s preamble, it is the “flagrant abuses of monopoly power in many sectors of the economy” that have led to “constant price rises for no other reason than the…exploitation of the people”. So the state will now set “fair prices” across the whole economy (only banks are exempted) by determining the cost structure of every type of business. The government says the bureaucracy required to do this will be ready by November. Businesses deemed to be charging “unfair” prices will be fined or temporarily shut down.

The private sector, already hemmed in by many controls, is predictably angry. But there are critics on the left too. Heinz Dieterich, a Mexican-German academic who until recently was a prominent supporter of Mr Chávez, called the law the product of “hallucinations”. The medieval notion of the “just price” (associated with St Thomas Aquinas) was a “phantasmagoric projection like God or the Holy Spirit”, Mr Dieterich wrote.

Venezuelans have been here before. A similar scheme was applied during the 1984-89 government of Jaime Lusinchi, a social democrat. During its first three years of operation, annual inflation rose from 16% to 40%, eventually topping 100% after the controls were lifted.

Just as in the 1980s, the other main effect of Mr Chávez’s price controls has been to reduce the availability of staple goods. In recent months the scarcity indices prepared by the Central Bank and private polling organisations have once again revealed widening gaps on the supermarket shelf.

Hardest to find is cooking oil, but chicken, powdered milk and cheap varieties of cheese, along with sugar and meat, are also scarce. Although things are not nearly as bad as in early 2008, the trend is negative, and the new law seems bound to exacerbate it. The retailers worst hit by supply problems are government chains specifically established to provide a reliable source of cheap food.

In 2008 the government overcame the shortages by spending over $7.5 billion on food imports. But thanks to incompetence and corruption, vast shipments of food rotted before reaching the shops. With prices for Venezuela’s oil exports high, the government will doubtless ramp up imports again rather than see shortages turn into an electoral liability. It is as well for Mr Chavez that nobody has managed to apply a “just price” to oil.

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