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Hugo Chavez Racing Toward Economic Peril

It is mind boggling that Hugo Chavez, the authoritarian President of Venezuela is racing towards a mock socialist political system when the two largest socialist regimes in the world, China and Russia, have done the opposite. Even our long standing communist adversary (now trading partner) Vietnam entered the 21st Century on a capitalist influenced spring loaded economic boom.

BusinessWeek reports in its latest edition that the Chavez government has been taking privately held supermarkets under government control:

Continue reading Hugo Chavez Racing Toward Economic Peril

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Last updated: May 27, 2012: 09:39 PM

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