Crime,  Latin America

Venezuelan government will provide security– for a price

Here’s the latest wrinkle in Hugo Chavez’s “Bolivarian Socialism”: a state-owned private security company.

Meet Corposervica (Corporation of Services of Vigilance and Security), the new organization in charge of protecting homes, offices, and government premises.

So having utterly failed to manage Venezuela’s out-of-control violent crime via the police, the National Guard, etc., the Chavez government has decided to provide protection to private and public locations– for a price that likely is beyond the means of most barrio residents.

Of course private security companies operate all over the world. But is there any country other than Venezuela where the government– after botching one of its most fundamental tasks despite billions in oil revenue– has gone into the business itself? And where government agencies will be openly paying another government agency to protect them?