CARACAS, Venezuela - Firmly in power and his revolution now in overdrive, President Hugo Chavez is moving fast to transform Venezuela's economy by bucking free-market planning with what he calls 21st-century socialism: founding state companies, seizing abandoned private factories and establishing thousands of cooperatives and worker-run businesses.After 200 years of exploitation under colonialism and capitalism, Venezuela is moving in a new direction. Bravo to Chavez and the Bolivarans for striking out in a new direction and leading the way towards global emancipation.
Many of the president's grandest plans are put into practice at the year-old Ministry for the Popular Economy. Planners there have already created 6,840 cooperatives that employ 210,000 people nationwide, many producing for the state.
The new measures - which include the seizure of factories, mines and fields the government says are unproductive - are playing well domestically. Mr. Chavez has an approval rating topping 70 percent.
Sunday, November 06, 2005
"I'm not afraid of socialism and never have been," said Rivas Silvino, who works in a diaper factory run by workers and managers under a state co-management plan. "The world is afraid. I say, don't be afraid."From an article by Juan Forero: