And large sections of Venezuela s intellectual left not incorporated into organizations or parties were skeptical from the beginning and no longer support Chavez. There is no need to spirit money out of the country since there is no exchange control. Unlike Rafael Caldera, Chavez has avoided that mistake. Furthermore, this statistic is only relevant if it is given along side of investment figures. Any country incorporated into the world economy has money flowing out as well as money flowing into the economy.
Money flowing out of a country can actually be a sign of prosperity.
But without knowing the balance of capital exiting versus capital entering, as well as other relevant figures, the statistic is useless. The result is usually either spineless concessions of the invaded property, or violent dislodging of invaders. On this count, Chavez s policy has been an unmitigated success. He has not had to violently dislodge people but has in almost all cases said that they will not obtain titles to the property. Furthermore his administration has promised to help them acquire housing and is making the biggest construction effort in years to build affordable housing.