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      World Review of Political Economy

      Volume 6, Issue 1
       
      • Record: found
      • Abstract: found
      • Article: found
      Is Open Access

      Oil Rent Appropriation, Capital Accumulation, and Social Expenditure in Venezuela during Chavism

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      Publication date (Print):
      Journal: World Review of Political Economy
      Publisher: Pluto Journals
      Keywords: differential oil rent, Venezuela, Chavism
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            Abstract

            Differential and absolute ground rent as extraordinary profit that remains permanent due to private ownership of non-reproducible conditions of production (Marx 2000) may be disputed by different classes and fractions of classes. The history of Venezuela can be analyzed as the history of this dispute over oil rent, mediated by the State. In this article, we will first study the amount of oil rent and the different ways by which it is appropriated, and second, its impact on capital accumulation of the industrial and non-oil sector as a whole. Last, we will analyze the particularities of oil rent distribution under the Chavist government compared to this distribution under former governments and its impact on the working class's standard of living.

            Content

            Author and article information

            Journal
            Journal ID (doi): 10.13169
            Journal ID (publisher-id): worlrevipoliecon
            Title: World Review of Political Economy
            Publisher: Pluto Journals
            ISSN (Print): 2042891X
            ISSN (Electronic): 20428928
            Publication date (Print): Spring 2015
            Volume: 6
            Issue: 1
            Pages: 58-74
            Article
            Publisher ID: worlrevipoliecon.6.1.0058
            DOI: 10.13169/worlrevipoliecon.6.1.0058
            SO-VID: 4b482036-ee68-49e2-bcb2-4d81ff807f5f
            Copyright © Copyright 2015 World Association for Political Economy
            License:

            All content is freely available without charge to users or their institutions. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission of the publisher or the author. Articles published in the journal are distributed under a http://creativecommons.org/licenses/by/4.0/.

            History
            Categories
            Subject: Articles

            ScienceOpen disciplines: Political economics
            Keywords: differential oil rent,Venezuela,Chavism

            Note

            1. From United Nations Industrial Development Organization (UNIDO) website: http://www.unido.org/data1/wpd/Index.cfm

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