Unformatted text preview: • Chavez, a close ally of Cuban leader Fidel Castro, says the nationalization of "strategic" companies is part of Venezuela's transition to a sot system. • "I'm not deceiving anyone," Chavez said. "I'm only governing the country, and the country has elected me various times. . .. All of those who voted for me backed som, and that is where we are heading." Chavez is trying to make the switch from communism to som for Venezuela, and to do so he is eliminating monopolies of banks, telephone, and steel companies. I think this is a good move because the country the companies reside in should get preference over other companies. It is unfair for a bank to overcharge for usage to their own country, or any country for that matter....
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This note was uploaded on 04/28/2008 for the course BADM 240 taught by Professor O'connell during the Spring '08 term at Massachusetts College of Liberal Arts.
- Spring '08