Saturday, July 21, 2007

Venezuela's Command Economy

Venezuela's PDVSA Increases Command Economy:
"Petroleos de Venezuela, the state oil company that controls the biggest reserves in South America, may begin making shoes, building ships and farming soybeans as President Hugo Chavez widens the government's role in the economy."
The move towards full-blooded Communism continues in Venezuela. History knows the endpoint and it is not pretty.

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