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Tags: Chavez | plot | business | war

Chavez Sets ‘Economic War’ On Bourgeoisie

Friday, 04 June 2010 06:15 AM EDT

Venezuelan President Hugo Chavez said he’s declaring an “economic war” against the “bourgeoisie” after business chambers criticized his handling of the economy and the performance of nationalized companies.

Chavez threatened to nationalize the country’s largest food maker, Empresas Polar SA, saying that the company isn’t “indispensable.” Chavez said Polar is manipulating workers into attacking his policies and he challenged company President Lorenzo Mendoza to see who will last longer. Mendoza, Chavez said, won’t get into heaven because he’s wealthy.

“You’ve declared an economic war against me, so I accept your challenge, stateless bourgeoisie,” Chavez said today during a visit to a state-run vegetable oil company. “I’m declaring an economic war with the help of the people and workers. War is war, my friend. Don’t complain to me later.”

Chavez has nationalized companies in the oil, food, cement and metals industries as part of his push for socialism and he blames the private sector for accelerating inflation and a recession that is forecast to continue into 2011. Chavez has threatened to nationalize Polar to boost state control over the production and distribution of food, and the government seized one of the company’s rice plants for three months last year.

The drive to construct a socialist economy has left the country facing international arbitration cases with Exxon Mobil Corp., ConocoPhillips and Mexican cement maker Cemex SAB.

To read full Business Week story — Go Here Now.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Friday, 04 June 2010 06:15 AM
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