Commie Chavez extends nationalizations to build industry

[redrumloa]

http://www.cnbc.com/id/30878838

By: The Associated Press | 22 May 2009 | 12:35 AM ET Text Size CARACAS, Venezuela - President Hugo Chavez ordered the takeover of at least six metal, ceramic and other companies Thursday, accelerating his push to spread socialism and build "an industrial complex" in Venezuela.

The companies include Venezuelan steelmaker Siderurgica Venezolana SA, ceramic tile-maker Ceramica Carabobo, and iron producer Materiales Siderurgicos SA, or Matesi. Matesi is owned by the Argentine-Italian conglomerate Techint through its Luxembourg-based subsidiary Tenaris.

Also affected is iron producer Complejo Siderurgico de Guayana, whose shareholders include Japanese investment conglomerate Marubeni Corp., Japanese steelmaker Kobe Steel Ltd., and Mexico's Tubos de Acero de Mexico SA.

Chavez said the move will help Venezuela reduce reliance on imports and boost local industry.

"We're planning a single large, integrated industrial complex," he said.

Chavez's government has nationalized major steel, cement, electricity, telecommunications and oil projects since 2006 in a bid to expand the reach of the state. In the last month it has seized 75 oil contracting firms, many of which said they are owed money by state oil company Petroleos de Venezuela SA.

 

[FluffyMcDeath]

In Venezuela the government takes over companies that are doing well. In America the government takes over companies that are circling the bowl or already round the bend.

One of these governments is less smart than the other one.

 

[redrumloa]

In Venezuela the government takes over companies that are doing well. In America the government takes over companies that are circling the bowl or already round the bend.

One of these governments is less smart than the other one.

I could take the opportunity to agree with your bash of Obama, but I will pass.

Neither is right.

 

[Speelgoedmannetje]

In Venezuela the government takes over companies that are doing well. In America the government takes over companies that are circling the bowl or already round the bend.

One of these governments is less smart than the other one.

I could take the opportunity to agree with your bash of Obama, but I will pass.

Neither is right.

Not sure.

But obviously you're quite silent about China.
Is it because it is much harder to perform a coup in China, , than it is in Venezuela? Is it because the news prepare you not to be protesting when your CIA stages a coup in Venezuela, overthrowing a democratically elected president, and replace it with a dictator, and leave the Venezuelan people without voice or hope.

Will you be upset when you hear 10 years later that political opposites of that dictator have been thrown out of airplanes at sea (so their dead bodies won't ever be found again, and those who loved them will never be sure), or buried alive?

It won't be the first time. And apparently neither the last time. :x