Economy: Good Things Happening in Venezuela
CategoriesShe owns an upscale women's fashion company with links to prominent firms in the United States. When I asked how Chavez has hurt her business, she said, "Not at all." But many other businesses, she quickly added, have been irreparably damaged as has the whole economy. She went on denouncing Chavez in sweeping terms, warning me of the national disaster to come if this demon continued to have his way. Other critics I encountered in Venezuela shared this same mode of attack: weak on specifics, but strong in venom, voiced with all the ferocity of those who fear that their birthright (that is, their class advantage) is under siege because others below them on the social ladder are now getting a slightly larger slice of the pie.
See article by Michael Parenti: Good things happening in Venezuela
Here you can sign a petition: Venezuela's resources are the people's, they do not belong to private corporations.
More recent: Venezuela to quit World Bank, IMF
Chavez said he wanted to formalize Venezuela's exit from the lending institutions which he said are to blame for continued poverty throughout Latin America. He reportedly plans to create a lending bank run by nations in the region. Venezuela has recently repaid its debts to the World Bank five years ahead of schedule, which saved the country eight million dollars. The OPEC country also paid off all its debts to the IMF shortly after Chavez first took office in 1999.
posted by Sepp Hasslberger on Saturday August 27 2005
updated on Tuesday May 8 2007URL of this article:
http://www.newmediaexplorer.org/sepp/2005/08/27/economy_good_things_happening_in_venezuela.htm
