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An Examination of Fossil Fuels, Development and Conflict with a Special Focus on Venezuela Resource Guide President Hugo Chavez has said that he wants to create a new form of socialism and is pursuing a populist program—including free health care, subsidized food, land reform, and educational opportunities—funded by windfall profits from oil. By maintaining government control of oil wealth, Chavez hopes to transform economic development in Venezuela in ways that reduce poverty and inequality. But will these efforts succeed?
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