Tag Archives: Private Property

Jun
16
2010
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Headlines for today June 16, 2010

So you are current with what is happening in Venezuela, here are some of the most relevant headlines about the Venezuelan situation

Limits on bond trading
Some business leaders criticised the monthly maximum of US$350,000 as insufficient, predicting it would worsen shortages of some imported products. Caracas business chamber leader Victor Maldonado said he expects the limit to exacerbate Venezuela’s recession.

Chavez Announces Takeover of Auto Parts Company
Hugo Chavez says his government will expropriate a small auto parts company and turn over its management to workers.

Guillermo Zuloaga leaves Venezuela
Associates of Guillermo Zuloaga confirmed Tuesday that he had left the country but didn’t say where he went. His flight means two of the company’s owners are out of the country.

Chavez Turns Up Heat on Globovision In Venezuela
The authorities would soon turn the Globovision logo red in honor of Chavez’s socialist revolution, with a red beret on top, the white-bearded Silva predicted, wearing an olive green shirt and military cap similar to those worn by the president.

 
Jun
2
2010
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Chávez declares ‘economic war’ against Polar and bourgeoisie

Venezuelan President Hugo Chávez said he’s declaring an “economic war” against the “bourgeoisie” after businesses chambers criticized his handling of the economy and the performance of nationalized companies, reported Bloomberg.

Chávez said Venezuela’s largest food producer, Empresas Polar SA, is manipulating workers into attacking his policies and challenged company President Lorenzo Mendoza to see who will last longer.

Mendoza, Chavez said, won’t get into heaven because he’s wealthy, according to Bloomberg. “You’ve declared an economic war against me, so I accept your challenge, stateless bourgeoisie,” Chávez said today during a visit to a state-run vegetable oil company. “I’m declaring an economic war with the help of the people and workers. War is war, my friend. Don’t complain to me later.”

Chávez has nationalized companies in the oil, food, cement and metals industries as part of his push for socialism and he blames the private sector for accelerating inflation and a recession that is forecast to continue into 2011. Chávez has threatened to nationalize Polar to boost state control over the production and distribution of food, and the government seized one of the company’s rice plants for three months last year.

Read here Bloomberg’s story.

RELATED STORIES:

Chávez threatens to nationalize Empresas Polar, Venezuela’s largest food producer (AP)
Chávez a Mendoza: Acuérdate de RCTV, mírate en ese espejo (Noticias24.com, Spanish)
“Mendoza vamos a ver quien puede más: tú con tus millones o yo con mi moral” (Noticias24.com, Spanish)