Luis Fuenmayor, a Caracas-based airline pilot, says he never considered armoring his Chevrolet Tahoe because of the $28,000 price tag. He changed his mind when two armed motorcyclists robbed him of his watch in traffic. "It seemed expensive at first, but then I realized that, more than an investment, it's a necessary cost," he says.
Since President Hugo Chávez took power in 1999, Venezuela has overtaken Colombia as South America's murder capital. That spells brisk business for security firms, which are adding the middle class to the traditional corporate client base, says Ingrid Suarez, manager at armored-car company Blindcorp. The number of businesses in Caracas that prepare vehicles against attack has risen to 47 from 12 five years ago, she says. It takes about a month to outfit a car with armor, since the automobile needs to be stripped down and reassembled.
The rise in violent crime reflects a broader breakdown in the rule of law, as criminals, many involved in the drug trade, operate with "complete impunity," says Roberto Briceño, who heads the Venezuelan Violence Observatory, a Caracas-based group that tracks crime. Last year, 17,600 people were murdered, a rate of 57 victims for every 100,000. In 1999, 5,968 were murdered, according to the Observatory. In the U.S., the murder rate was 5 per 100,000 in 2009.
The Chavez government says the murder rate in 2010 was lower, at 48 per 100,000. Elias Jaua, Venezuela's vice-president, said in a May 30 broadcast that the number of kidnappings fell 39 percent, to 174, in the first quarter of this year: "We are on the right path to reduce crime." That's hard to verify, since the government has not published crime statistics since 2005.
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