"Providence," WFB begins, "assigned to Venezuela a supply of oil so bountiful as

to provide every Venezuelan with a kind of dowry amounting to something on the order of $1,000 per person per year. Moreover, after a shaky start--Venezuela had 155 governments over a period of 125 years--Venezuela has emerged along with Colombia as one of two self-governing republics in South America.... The unspoken sentiment is that Venezuela may soon emerge as the principal spokesman for South America." A good-natured though somewhat slow-moving hour beginning with Venezuela's new redistributionist policies (WFB: "Why should a country like yours, that is so abundantly endowed by nature, require (a) foreign investments, and (b) higher domestic taxes?" DA: "Well, we have to cope with a problem that has been accumulating for many years, which has been the social underdevelopment of the country ... An increase of tax is not only a revenue-producing decision, but is rather also a way of teaching the Venezuelans how to live in a society in which both sides have to cooperate.") and going on to OPEC and whether the grain-producing countries should try to emulate it.