[Marxism] Venezuela: Nationalizations Aim to Make Industry Serve Peoples' Needs

[Ian Angus]

SOCIALIST VOICE
Marxist Perspectives for the 21st Century
www.socialistvoice.ca

September 3, 2008
Venezuela: Nationalizations Aim to Make Industry Serve Peoples' Needs

By Federico Fuentes.

On August 27, Venezuelan President Hugo Chávez announced the end of
negotiations with former owner Ternium over the nationalization of the
Sidor steel factory, stating that the government would "take over all
the companies that it has here," and that Ternium "can leave." ....

Together with the announcements made earlier this year to take control
of more than 30% of milk production and food distribution, and last
year's decision to take majority control of the oilfields in the
Orinoco Belt, these moves are part of a second wave of
nationalizations, focused on industries related to production.

Full article: <http://www.socialistvoice.ca/?p=322>