Venezuelan President Hugo Chavez was sworn in on Monday [1], laying out an ambitious plan to speed up and strengthen his “socialist revolution.” (Video in Spanish here [2]) Daniel Duquenal, however, labels [3] Chavez's “21st Century Socialism” “Rehashed Communism” and looks at what the nationalization of CANTV and Electricidad de Caracas could mean in the future. Miguel Octavio adds [4], “Today markets plunged in Venezuela and so did the country's democracy.”
Venezuela: Nationalization of CANTV and Caracas Electricity
· Written by David Sasaki
Categories: Latin America, Venezuela, Economics & Business, Governance