Despite the Caribbean flavour and tales of our so-called macondian way of life, as described in the novel One Hundred Years of Solitude written by Colombian author Gabriel García Márquez, the miseries of Venezuela could be ascribed to a lack of property rights and a constitution based on the notion of “Patrimonialism”. The term was coined by German sociologist Max Weber and refers to a form of governance where all power flows directly from the leader and there is no distinction between the public and private domains. By Andrés F. Guevara B. Full Text->BizNews