Interventionism

all the facts and news in Venezuela on Interventionism of government of hugo chavez and how it influences Venezuelan people

Oct
4
2010
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Chavez vows to radicalize after Venezuela election

This article was originally posted by Reuters Africa

Venezuelan President Hugo Chavez vowed to “radicalize” his socialist revolution even further after legislative elections that gave the opposition one of its strongest showings during his more than 11 years in power.

He started on Sunday by announcing the expropriation of land owned by the Venezuelan agricultural company Agroislena and vowing to hasten the nationalization of land held by the British meat products company Vestey Foods Group.

Chavez’s ruling Socialist Party won last weekend’s vote by a slim margin, taking 5.45 million votes or 48.9 percent compared with 5.33 million votes or 47.9 percent for the newly united Democratic Unity umbrella group.

The result lifted the optimism of the opposition, which now sees a chance to unseat Chavez in 2012 presidential elections.

Investors and analysts are waiting to see the reaction of a man who has in the past come out of elections by nationalizing swathes of industry, including millions of acres of agricultural land, and attacking private capital.

“We are going to continue forward, democratically radicalizing the socialist revolution because it is necessary,” Chavez said late on Saturday to a television audience.

He dismissed the opposition celebration of a moral victory as “15 minutes of drunkenness.”

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Oct
4
2010
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Chávez announces seizure of Spanish farming company Agroisleña

This article was originally posted by Bloomberg Buisnessweek.

Venezuelan President Hugo Chavez said he will expropriate Agroislena C.A., a vendor of agricultural products, and plans to nationalize 250,000 hectares (618,000 acres) of farmland this month.

Venezuela will seize “double” that in November, and will keep doing so at “at a gallop” in 2011, he said today on state television during his weekly show, “Alo Presidente.”

“Agroislena’s time is up, it’s going to belong to the people,” he said. “How many large estates are ready for the barbecue?” Representatives at Agroislena couldn’t immediately be reached for comment.

Important links related to the expropriation of Agroisleña:

Chávez disregards protests from workers of expropriated company (Dow Jones)

Agroisleña apoya con créditos a más de 18,000 productores (El Universal)

Agroisleña rehaza medida de expropiación y sostiene que afectará a más de 18,000 productores (Noticias24)

Chávez: State will lower prices of farm supplies (AP)

 
Oct
4
2010
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Defiant Chavez orders land takeover of British food giant

This article was originally published by AFP

President Hugo Chavez on Sunday vowed to move forward on the nationalization of land owned by a subsidiary of British meat products company Vestey, as he called for “acceleration of the agrarian revolution.”

A week after opposition parties were emboldened by a strong showing in legislative elections, Chavez used his first television program since the vote to announce moves to strengthen his self-styled revolutionary government.

“All of the lands of the so-called Compania Inglesa will be nationalized now,” Chavez said, referring to the subsidiary of Britain’s international food giant Vestey.

“I don’t want to waste another day,” he added.

Chavez called for the acceleration of nationalizing agricultural assets across the country in coming months, including land and property owned by Venezuelan farming technology company Agroislena.

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