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Chavez: Capitalism Needs to Go Down

From a wildly approving Associated Press:

Iranian President Mahmoud Ahmadinejad (R) and his Venezuelan counterpart Hugo Chavez attend the opening ceremony of a joint Iranian-Venezuelan bank in Tehran April 3, 2009.

Venezuela’s Chavez: ‘Capitalism Needs to Go Down’

TEHRAN, Iran — Venezuelan President Hugo Chavez ridiculed the G-20 summit’s attempts to deal with the global financial meltdown, saying that the "values of capitalism are in crisis" and capitalism "has to end."

Speaking to Venezuelan state television late Thursday, Chavez said the United States and Britain are "the most guilty" for the financial crisis sweeping the globe because of the financial model "they’ve been imposing for years."

"It’s impossible that capitalism can regulate the monster that is the world financial system, it’s impossible," Chavez said. "Capitalism needs to go down. It has to end. And we must take a transitional road to a new model that we call socialism." …

Are these the words of the tinhorn dictator Hugo Chavez or President Obama?

It’s hard to tell these days, given how similar their programs and overall agendas are.

(Speaking of which, see BillK’s story in the comments below.)

This article was posted by Steve on Friday, April 3rd, 2009. Comments are currently closed.

14 Responses to “Chavez: Capitalism Needs to Go Down”

  1. BillK says:

    Hey, it worked in Alaska with Ted Stevens.

    From the Wall Street Journal:

    Venezuelan Government Arrests Chávez Opponent

    By Darcy Crowe and John Lyons

    CARACAS — Venezuelan President Hugo Chávez moved to jail a prominent opposition figure for the second time in recent weeks, an apparent bid to tighten his grip on power amid a sharp downturn in economic growth.

    Raúl Baduel, a former defense minister-turned-Chávez-critic, was arrested on corruption charges Thursday, according to Mr. Baduel’s lawyer, Omar Mora Tosta, and government officials. Mr. Mora Tosta says the charges are unfounded.

    The arrest comes after the Venezuelan attorney general on March 19 sought a court order to arrest Manuel Rosales, a former state governor who ran against Mr. Chávez in the 2006 presidential elections, on corruption charges. The arrest warrant hasn’t yet been issued. Representatives for Mr. Rosales said he has gone into hiding, and that the allegations against him are unfounded.

    Government officials say the actions against Messrs. Baduel and Rosales are the result of legitimate investigations into their financial dealings when they held public office.

    Some observers, however, say the moves illustrate how Mr. Chávez is using government institutions to punish political opponents. “All available information suggests that this is selective prosecution motivated by political reasons,” says José Miguel Vivanco, executive director of Human Rights Watch’s Americas program. Mr. Vivanco says he was expelled from Venezuela at gunpoint last year after releasing a report critical of Mr. Chávez.

    After a decade in office, Mr. Chávez has clinched control of nearly all branches of government. The Venezuelan state oil company, the Supreme Court, the legislature and other institutions are stacked with officials loyal to him, analysts said.

    Mr. Chávez has remained popular among his mainly poor supporters, whose living standards have been improved by increased spending on welfare, food subsidies and other programs.

    But plunging crude prices have changed the outlook for Mr. Chávez, whose government relies heavily on oil exports to the U.S. for revenue. The sudden economic slowdown has forced Mr. Chavez to curtail spending and raise taxes — two measures that will hurt the poor and could dent his popularity. Some economists say currency devaluation may be next.

    Mr. Chávez appears to be striking at chief opponents before they can use the worsening economy against him, observers said. …


    You’re also seeing the Obama Administration blueprint for mid-2010, right before the next election cycle…

  2. proreason says:

    “US welcomes Venezuela’s term vote

    President Chavez has been in power for 10 years

    The US has cautiously welcomed Venezuela’s vote to scrap limits on how often politicians, including President Hugo Chavez, can run for office. ”


    • BannedbytheTaliban says:

      I guess Obama needs a blueprint for his administration to do the same. I think repeal of the 22nd amendment will have the same effect as Lincoln’s election.

  3. Liberals Demise says:

    This is the same numb nut that wants to take the Gitmo terrorists off our hands.
    Ya….ok there, bub!!
    Hugo? Yugo!!

  4. Reality Bytes says:

    Where’s an UAV with a Hell Fire Missile when you need one? Both of them right there in the same damn spot.

  5. bill says:

    When it all falls apart, the free stuff and money ends, the gulags and assignation squads come into play. Show me one socialist utopia which did not devolve into total tyranny.

  6. jcvheuvel says:

    Show me one socialist utopia which did not devolve into total tyranny.

    Fixed that for you.

  7. Colonel1961 says:

    Wait a minute – they’re opening up a bank? Isn’t that capitalistic? Or is one of them touchy-feely kumbaya banks that don’t charge any interest…

  8. beautyofreason says:

    The anti-capitalists and Islamofascists make natural allies. Both want expansive government control over people’s lives – one economically, the other socially – and neither group likes it when government power is criticized.

    Chavez made his potential term indefinite and cracked down on the media. The President of Iran, backed by the (dictator) Ayatollah, supported the death penalty against people who criticized the regime or converted out of Islam. They both have fun blasting the United States as the great “satan” because riling up their populaces detracts from unpleasant political tyranny and corruption.

    The left, for all of its pretenses about individual freedom, human rights, etc – favors the same kind of government intrusion that allows men like Chavez and the President of Iran to have uncontested power.

  9. 12 Gauge Rage says:

    Does anyone really care what this gordo thinks anymore? The man can hardly keep his own populance fed with basic foodstuffs (eggs, chicken, etc.) and he has the gall to lecture us on the evils of capitalism? I’ll take the negative aspects of capitalism anyday over the ‘glories’ of socialism. BTW, the photo of these two together makes me think of three words: Target Rich Environment.

  10. canary says:

    I thought Mahmoud Ahmadinejad said there were no gays in Iran.

  11. proreason says:

    Interesting insights from Thomas Woods via Pat Buchanan:

    “Fed Should Get Death Penalty For Its Crimes”

    “The Fed was the greatest single contributor to the crisis that unfolds before us,” Woods writes of today, and “more dollars were created between 2000 and 2007 than in the rest of the republic’s history.”

    After 9/11, the Fed kept interest rates low — in one year as low as 1%. That money flooded into the housing and stock markets. And in 2008, as the Fed tightened, the bubble burst. ”


    Several other interesting tidbits in this 2 minute article. Buchanan is oftentimes a nut, but he has picked out some useful information this time.

  12. Tater Salad says:

    Seems Uncle Hugo Chaves and Barack Obama have one thing in commom and that is that they both are socialists. What was the name of the book that Uncle Hugo gave Barry a couple months ago??

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