Wednesday, December 2, 2009
Venezuela's Anti-Capitalist Cars: Wheels of Revolution
President Hugo Chavez of Venezuela has proclaimed that the Venezuelan workers are now free of the 'yoke of capitalism.' This comes from the joint venture of automobile manufacturing between Iran and Venezuela. President Chavez intends for this venture to be an example of socialist production principles. The only claims that support this anti-capitalist sentiment is the fact the autos are priced around 50 percent less than rivals. There is also no dealership facilities or credit facilities for citizens of Venezuela to go and purchase these automobiles. The only way to get one is if President Chavez orders them for public employees.
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This article was interesting, as it was not something that I had previously heard about regarding Chavez. It is surprising that he think that a mere one product (or line of products) will free the entire country from the "yoke" of capitalism. This is especially difficult to see happening because they are incapable of even producing a proper amount to their goal.
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