RSS 2.0 FeedHugo Chavez Isn’t Done Yet
by Doug MataconisFresh off of Tuesday’s nationalization of Venezuela’s oilfields, Hugo Chavez is now threatening to nationalize the nation’s banks and steel industry if they fail to comply with his wishes:
CARACAS — President Hugo Chavez renewed his nationalization threats and this time threatened steel company Sidor and Venezuela’s banks with a possible state takeover.
If Sidor fails to prioritize steel for local production “they will force me to nationalize it,” Mr. Chavez said in televised remarks. “I would rather not do it … Sidor takes raw material overseas to produce stainless steel pipes. We cannot allow that.”
The leftist leader also noted that the banking system must help finance companies under the new Socialist system he promotes.
“Privately owned banks must prioritize low-cost financing for Venezuela’s industry. If they don’t want to do this they can leave, they can give us the banks, we can nationalize them.”
Never mind Francisco D’Anconia. Where the heck is Midas Mulligan ?
Wow…he’s bound and determined to wreck Venezuela faster than even his harshest critics predicted. That’s ambition!!!
Comment by UCrawford — May 3, 2007 @ 4:09 pmOr save Venezuela from the internationalist. Which is what I hope he manages to do, but only time will tell.
Comment by lifeofliberty — May 3, 2007 @ 4:28 pmMexico nationalized their oil production years ago, and it is now in a situation where profitability continues to plummet. There are many reasons for this, but the main one is that state-run companies are required to fork over their profits to politicians, who have no expertise or interest in the viability of the company. So, if nationalizing an oil company is such a smart move for the nation, why hasn’t it helped Mexico?
Comment by Brook — May 3, 2007 @ 6:41 pmComrade Chavez is truly a hero.
The gringos who are loosing their hegemony, can’t stand the fact that comrade chavez is teaching the racist white gringos what is due.
comrade chavez is the true hero and true 21st century simon bolivar, jesus christ, and fidel castro.
long live comrade chavez!!! down with the imperialist and racist white gringos.
love to my non-white african american, hispanic/latino, asian american, native american brothers and sisters.
long live the nationalization of banks, farms, hospitals, industries, and businesses in venezuela, bolivia, ecuador, nicaragua, and soon all of latin america.
soon, we will also nationalize US of KKK of with people of color (black, red, brown, and yellow peoples) as the head of the nation.
prepare to be ruled white racist nazi’s who post to this site and who are against land reform for colored peoples, affirmative action, multiculturalism, mass immigration of people of color, especially from latin america and the carribean.
viva land reform for colored peoples, affirmative action, multiculturalism, mass immigration of people of color, especially from latin america and the carribean.
viva brown, black, red, and yellow power!!! down with white power and white supremacy!!!
fuck white power!!!
Comment by FuckingGringos — May 3, 2007 @ 7:10 pmthis website is full of racist white folks who are against people of color, socialism, justice for nonw-white peoples.
this website is for people of color to be subservient to whites and to their capitalism.
down with capitalism!!! having lived in venezuela and apartheid south africa, this website, with its white only clique reminds me of some of those white supremacist country clubs in then apartheid south africa and also presently in so many southern US states.
a whites-only country club. with over 50% of USA population to become racial minority by 2050 and with presently 1 out of 3 americans being of non-white ancestry, and with non-whites outnumbering whites by a ration of 6 is to 1 (which will increase to 10 is to 1 by 2050), this website with its white only, republican/libertarian, FOX news advocates, supporters of white supremacy and white privilege and white domination and white pride and white invented capitalism, this website seems way out of touch for the non-white masses of the world.
This website is not meant for a person of color, whether that person is brown, black, red, or yellow.
this is an elitist whites only website catering to the prejudiced, racist, pro-white privilege and pro-white affirmative action white individuals!!!!
Comment by FuckingGringos — May 3, 2007 @ 7:17 pm