Posted on 02/14/2007 6:55:52 PM PST by jazusamo
CARACAS, Venezuela President Hugo Chavez threatened Wednesday to nationalize any privately owned supermarkets and food storage facilities caught hoarding inventories or violating price controls imposed on basic goods.
Accusing private companies of hoarding beef and other foods, Chavez warned supermarket owners and distributors that he would nationalize their facilities as soon as they gave him "an excuse."
"If they remain committed to violating the interests of the people, the constitution, the laws, I'm going to take the food storage units, corner stores, supermarkets and nationalize them," Chavez said during a televised broadcast. "So prepare yourselves!"
Chavez has been intent on nationalizing "strategic" sectors of the economy since winning re-election in December. He has moved quickly to buy out private interests in leading electricity and phone companies since the National Assembly gave him authority to enact sweeping measures by decree and accelerate the country's socialist transformation.
Earlier this week the government signed deals to buy stakes in local companies owned by two U.S. corporations - Verizon Communications Inc and CMS Energy Corp. There are no major U.S. interests, however, involved in the supermarket or food storage business in Venezuela.
(Excerpt) Read more at seattletimes.nwsource.com ...
Chavez announces more nationalizations to an adoring public
Four years later, adoring public throws Chavez a party.
Food shortages, already. He must be super socialist.
Soon the old Soviet joke will be in vogue:
"I can't figure it out, everybody's working, but there's nothing on the shelves."
As if there's a possibility that Commie's NOT going to take over all of their other money-generating stuff, and beyond.
Excellent point!
"Venezuelan subjects prepare to eat dirt and ride bicycles"
Chavez, the Communist moron, is about to get a huge lesson in economics. Unfortunately, the Venezuelan people will be paying the price. Oh well, I guess they deserve it since they re-elected him.
"I'm sorry, that was insensitive"
You forgot the sarcasm tag. I will celebrate chavez's and castro's deaths equally.
Ah ha! At last! Hitlery's running mate!
"government signed deals to buy stakes in local companies owned by two U.S. corporations - Verizon Communications Inc and CMS Energy Corp."
Don't know CMS Energy, but I hope Verizon's stockholders are prepared for a bit of a loss .
More nationalization? I'm shocked! /s
Well said. There is no amount of wealth leftists can't steal and squander.
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