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Series: Bolivarian Venezuela at the crossroads
Suggested paths to 21st century socialism in Venezuela (Part 4)
by
Eric Toussaint
1 July 2010
Suggested paths to 21st century socialism in Venezuela (Part 4) Reduce dependency on hydrocarbons and on the United States One of the challenges that several previous governements have had to face, just as Chávez’ government must, is to diversify the productive apparatus in order to shake off the country’s extreme dependency on hydrocarbons (this is also true for the majority of the big oil-exporting countries). It was precisely to this end that, in the 1960s, a company such as SIDOR, the (...)
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Series: Bolivarian Venezuela at the crossroads
The Venezuelan economy: in transition towards socialism? (Part 3)
by
Eric Toussaint
24 June 2010
The Venezuelan economy: in transition towards socialism ? (Part 3) The capitalist sector is growing faster than the public sector and is still predominant in Venezuela’s economy despite the nationalizations. The share of the private sector (greatly dominated by the capitalist secto) in Venezuela’s gross domestic product has grown from 64.7% in 1998 (before Hugo Chávez was elected president) to 70.9% in the third quarter of 2008. Although the government has nationalized a significant (...)
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Series: Bolivarian Venezuela at the crossroads
Debate and contradiction in the PSUV (United Socialist Party of Venezuela) (Part 2)
by
Eric Toussaint
18 June 2010
Debate and contradiction in the PSUV (United Socialist Party of Venezuela) (Part 2) |1| During the 2007 constitutional referendum, one might have thought that the party created by Hugo Chávez in 2006 was stillborn since fewer people voted ’Yes’ than the number of people officially enrolled in the party. |2| But this impression was partially belied in the following months: grassroot meetings multiplied, which resulted in the nomination of candidates for the municipal elections and for (...)
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Series: Bolivarian Venezuela at the crossroads
Venezuela. Nationalization, workers’ control: achievements and limitations (PART 1)
by
Eric Toussaint
14 April 2010
The economic, social and political situation in Venezuela has changed a lot since the failure of the constitutional reform in December 2007, which acted as a warning to the Chávez government. This failure had the effect however of reviving the debate on the need to have a socialist perspective. The debate revolves around several key questions: further nationalization, workers’ control, the place of the PSUV (United Socialist Party of Venezuela), people’s participation, etc. On Sunday 15 (...)
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Chavez’s historic call for a Fifth Socialist International
by
Federico Fuentes
2 December 2009
Addressing delegates at the International Encounter of Left Parties held in Caracas, November 19-21, Venezuelan president Hugo Chavez stated “the time has come for us to convoke the Fifth International.” Face with the capitalist crisis and the threat of war that is putting at risk the future of humanity, “the people are clamoring for” greater unity of left and revolutionary parties willing to fight for socialism, he said. Like his call in 2005 to build “21st Century Socialism” and his call in (...)
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Chavez Throws Down the Guantlet to EU’s Racist Immigration Policy – Threatens to Cut Off Oil and Return Investments
20 June 2008
Two hours ago President Hugo Chavez issued an unprecedented challenge to the European Union’s new anti-immigrant Return Directive. He promised that no Venezuelan oil would be sent to any European country that applies the directive, and that if any Colombian, Bolivian, Paraguayan or other Latin American were to be locked up or deported under this directive, Venezuela would study what investments that country has in Venezuela and apply its own “return directive”. We’ll return those investments, (...)
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Transformation by Embrace
by
german-foreign-policy.com
6 July 2007
CARACAS/QUITO (Own report) - Through a revision from a confrontational strategy to one of "embrace," the Konrad Adenauer Foundation (KAS) is seeking a regime change in Venezuela. This was learned from reports on a conference that the CDU Party affiliated foundation, together with US American foundations convened in Washington DC at the end of last May. This demonstrates that the KAS is continuing to pursue its activities to overthrow the Chávez government, which has been democratically (...)
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Venezuela to quit IMF, World Bank
by
Saul Hudson
4 May 2007
CARACAS (Reuters) - Venezuela will withdraw from the Washington-based lending organizations, the IMF and World Bank, in a symbolic move that distances leftist President Hugo Chavez from much of the international economic community. Chavez, who plans to create an alternative lending bank run by South American nations and funded in part with his OPEC nation’s high oil revenue, said on Monday Venezuela no longer needed the institutions dominated by U.S. "imperialism." Leaving the (...)
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Bolivia, Venezuela and Nicaragua withdraw together from the ICSID
2 May 2007
DECISION OF ALBA-PTA ON ICSID Member countries (Bolivia, Venezuela and Nicaragua) of the Bolivarian Alternative for the Americas (ALBA) and Peoples’ Trade Agreements (PTA) have emphatically rejected legal, diplomatic and media pressure exercised by some multinational companies, which having made vulnerable constitutional rules, national laws, contractual obligations, regulatory environmental and labour resolutions, resist the application of sovereign rules by threatened countries by (...)
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Latin America and Debt
Hugo Chavez, Nestor Kirchner et Inacio Lula: Not the same kettle of fish
by
Claudia Jardim
6 February 2005
Interview of Eric Toussaint by Claudia Jardim in Brasil de Fato (Brazilian newspaper, issue # 97, January 6-12, 2005). Make the public understand the connection between the lack of resources for health and education and the payment of foreign debt is no easy task for the social movements. And it is made even more difficult by the fact that the governments make it difficult to get information on the extent of their countries’ indebtedness and on adjustment measures enforced by the (...)