Venezuela's President Hugo Chavez been told to shut up - and not by the King of Spain this time. But, instead, by the people of Venezuela, who have voted against his plans to officially turn their country into a socialist state. Why? Because Chavez's policies are not working:
Inflation is believed to be more than 20 per cent, the currency, while officially fixed against the dollar, has plummeted on the black market and price controls on basic food stuffs have led to shortages.
With foreign oil companies forced to withdraw or pay high taxes, Venezuelan oil production has dropped well below the Opec limit of 3.3 million barrels a day.
Many fear the next five years could see more economic difficulties. (The Telegraph)
Does this sound at all familiar?With foreign oil companies forced to withdraw or pay high taxes, Venezuelan oil production has dropped well below the Opec limit of 3.3 million barrels a day.
Many fear the next five years could see more economic difficulties. (The Telegraph)
This is an example of democracy in action - just not the sort of democracy they wanted [h/t Daniel Hannan]. That even a country which has elected Chavez several times votes against becoming a socialist state, preferring democracy over the socialistic imitation, just proves that 'the people' everywhere do not want socialism, despite the usual suspects claims to the contrary.
The people of Venezuela have told Chavez to shut up over his constitutional plans. Hopefully he now will.
Source: The Telegraph, BBC
