Skip to content or view screen version

Venezuelan nationalisation gathers pace

Steve la fevre | 17.02.2007 14:27 | Sheffield

The Venezuelan government speeded up its nationalisation process

Venezuela nationalisation gathers speed

In the last few weeks Venezuela's assault on US multinationals has intensified with the nationalisation in the next few weeks of the remaining electricity companies under foreign control such as Electricity de Caracas, Semeca serving Margarita island, Eleval serving Valencia as well as the Nationalisation of CANTV Venezuela's Largest Telephone company also controled by US multinational Verizon. More nationalisations are planned such as Private supermarkets and food distribution companies if they break price control legislation and hoard food and speculate. Chavez has also called upon the working class to once and for all play its rightful role in this revolution quoting Marx that "the workers cannot be turned into the slaves of work, into the slaves of capital. Capital must be subordinated to the workers..."

Steve la fevre