I have mentioned in various blogs the truth about Chavez taking over companies Venezuela. I have also mentioned what is not true (that he owns Citgo for one).
In his latest move, Chavez has seized at least 28,000 acres (about eight farms) saying that “Land isn’t private; it is the property of the nation.” He also said the government will raise output to “curb inflation.”
He has already nationalized (read “taken over”) companies in rice, cement, electricity, oil, telecommunications, and steel. He is also close to completing the nationalization of Banco de Venezuela.
Is anyone else wondering why the world just keeps looking the other way?



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