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The Magical State: Nature, Money, and Modernity in Venezuela

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In 1935, after the death of dictator General Juan Vicente Gómez, Venezuela consolidated its position as the world's major oil exporter and began to establish what today is South America's longest-lasting democratic regime. Endowed with the power of state oil wealth, successive presidents appeared as transcendent figures who could magically transform Venezuela into a modern nation. During the 1974-78 oil boom, dazzling development projects promised finally to effect this transformation. Yet now the state must struggle to appease its foreign creditors, counter a declining economy, and contain a discontented citizenry. In critical dialogue with contemporary social theory, Fernando Coronil examines key transformations in Venezuela's polity, culture, and economy, recasting theories of development and highlighting the relevance of these processes for other postcolonial nations. The result is a timely and compelling historical ethnography of political power at the cutting edge of interdisciplinary reflections on modernity and the state.

465 pages, Paperback

First published January 1, 1997

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Fernando Coronil

13 books3 followers

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Profile Image for Ricardo Avella.
29 reviews3 followers
June 11, 2023
This is a fundamental book for anyone who seeks to understand the role of the State in Venezuela, the origins of a populist democracy, and above all the role that oil played in shaping a society and an economy where production was always subject to the capture of petrodollars for the generation of easy wealth. It is a book that questions the dependence on the extraction of natural resources and illuminates the risks that this practice entails in the persecution of the myth of modernity.
Profile Image for Achmad.
Author 26 books10 followers
June 21, 2018
Excellent works! Discource analysis on political economy, from cultural repertoar, dramaturgy to machine factories. Oil is the main fuel for the transformation of Venezuela.
Profile Image for Cruz.
26 reviews
July 25, 2020
Un buen resumen sobre la transformación del estado venezolana en siglo XX y un buen ejemplo de la idea de transmodernidad
Profile Image for Fabiano.
31 reviews3 followers
June 11, 2016
O melhor livro sobre o chavismo foi escrito antes de Chávez. Para entender a maldição da economia petroleira.
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