“Collective Property” in Venezuelaby Jason Pye
Hugo Chavez is killing his country…his latest socialist move is to create “collective property”:
Vowing to undermine capitalism’s continued influence in Venezuela during his television and radio program “Hello President,” Chavez said state-financed cooperatives would operate under a new concept in which workers would share profits.
“It’s property that belongs to everyone and it’s going to benefit everyone,” said Chavez, a close ally of Cuban leader Fidel Castro whom opponents accuse of leading Venezuela toward Cuba-style communism.
Chavez â€” a leftist former paratrooper popularly known as “El Comandante” â€” said his government fully respects private property, but pledged to replace capitalist ideals with socialist principles on cooperatives such as cattle ranches and farms.
It’s just another step toward the elimination of private property under the Chavez regime.