Tuesday, July 19, 2005

"Capitalism Is the Road to Hell"

Sure, Hugo: Socialism has such a great track record. I keep hearing people talk about this being a great century for Latin America. But if they still elect leaders such as Hugo Chavez, I don't know if that's true:

Venezuela to seize 'idle' firms

The Venezuelan government has warned it will confiscate hundreds of private companies that are lying idle if they fail to re-open. President Hugo Chavez said the firms' workers would be given help to set up co-operatives and re-start production for the benefit of the community. He said the move was needed to fight poverty and end Venezuela's dependence on "the perverse model of capitalism". Some business leaders fear it may lead to a wider attack on private property. In his broadcast, Mr Chavez again insisted that Venezuelans have a clear choice. "Either capitalism, which is the road to hell, or socialism, for those who want to build the kingdom of God here on Earth," he said.

Mugabe in plea for S Africa to bail him out of crisis

President Robert Mugabe's destruction of Zimbabwe's economy began to strike home yesterday after he had to ask South Africa for a rescue package. Unable to arrest the spiralling crisis or buy essential supplies of fuel, Zimbabwe has turned to its powerful neighbour. About one third of Zimbabwe's economy has been wiped out in the past five years, putting it among the fastest shrinking in the world. Inflation runs at 164 per cent, the highest in Africa. Mr Mugabe's seizure of white-owned farms, the destruction of commercial agriculture and the collapse of tourism mean his regime is incapable of paying its way.


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