Sunday, April 16, 2006

Oiled for life

Chavez is fostering his "21st-century socialism", an interesting blend of state control and capitalism, which sees the state establishing its own companies to outdo the private sector. This is combined with strict controls on prices, bank lending and foreign exchange.

It looks like they're trying to do a Singapore.

But they can do much better. They have OIL - infinite amounts of it!

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