Chavez Sets Fast Nationalization Pace

[BayCityProgressive]

http://news.yahoo.com/s/nm/20070214/wl_nm/venezuela_nationalizations_dc

CARACAS (Reuters) - Venezuelan President Hugo Chavez is setting a faster than expected pace in his nationalization drive toward self-styled socialism, striking three takeover deals that push out U.S. firms in about a month.

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Chavez, an ally of Cuba who is vehemently opposed to what he sees as U.S. imperialism, is boosting state involvement in Venezuela, the No. 4 supplier of oil to the United States, as he consolidates power after a landslide re-election last year.

Venezuelan authorities said on Tuesday they would buy the assets of U.S. power company CMS for $106 million, a day after cutting a similar deal with telecom giant Verizon for $572 million.

Last week the government signed an accord to buy the holdings of U.S.-based global power generation firm AES Corp. for $750 million despite analysts' predictions of protracted takeover battles.

Sounds like Venezuela will be in control or in partnership with companies by years end for the "commanding heights" of the economy.

[Greeby]

1. My country nationalized everything that moved in the 40's

And the CIA didn't try to overthrow our government until the 70's
http://en.wikipedia.org/wiki/Harold_Wilson_conspiracy_theories

[BayCityProgressive]

2. they must have been busy

ruining some other countries at the time. lol.