-
Venezuelan leader: 'Capitalism needs to go down'
Venezuelan leader: 'Capitalism needs to go down'
By NASSER KARIMI, Associated Press Writer Nasser Karimi, Associated Press Writer 2 hrs 59 mins ago
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."
The Venezuelan leader's comments came during a trip to Iran. In recent years, Chavez and Iran's hard-line President Mahmoud Ahmadinejad — both well-known for their anti-U.S. rhetoric — have boosted economic and political ties.
During Thursday's summit in London, leaders from the Group of 20 industrial and developing countries promised $1.1 trillion for lending to poorer countries. They also vowed major efforts to clean up banks' tattered balance sheets, get credit flowing again, shut down global tax havens and tighten regulation over hedge funds and other financial high-flyers in the U.S. and elsewhere.
Chavez belittled the summit's efforts and said the International Monetary Fund must be eliminated.
Chavez's own economic program to institute socialism in Venezuela could slow as his country's oil-dependent economy suffers from falling crude prices. Inflation there has soared above 30 percent, eroding Venezuelans' salaries.
In his decade in power, Chavez has boosted state control over the economy and spent heavily on social programs meant to increase his popularity.
On Friday, Chavez and Iran's president inaugurated a joint commercial bank meant to speed trade and industrial projects between the two nations. Chavez said he will travel to Japan in the coming days to meet with the prime minister as well as business leaders and intellectuals.
2 days from now, tomorrow will be yesterday.
-
The Following 2 Users Say Thank You to atprm For This Useful Post:
anothersta (04-03-2009),SurferGirl (04-03-2009)
-
04-03-2009 07:53 AM
# ADS
Circuit advertisement
-
social programs meant to increase his popularity
Interesting.....I think that's happening here too......makes conversion to Socialism easier....
Mrs Pepperpot is a lady who always copes with the tricky situations that she finds herself in....
-
The Following 4 Users Say Thank You to pepperpot For This Useful Post:
anothersta (04-03-2009),atprm (04-03-2009),katgirl3 (04-03-2009),SurferGirl (04-03-2009)
-
We can see how well socialism has worked for their countries.
People have no rights and the elections are fixed.
Socialized medicine has long waits and people die because the government doesn't want to spend the money.
Property is taken from the people who worked to earn it. The government controls everything and everyone.
Pretty much redistribution of wealth, to the government officials and corruption.
Our economy is in a mess because of some corrupt politicians and some greedy hedge funds. Capitalism is much better than socialism.
-
The Following User Says Thank You to SurferGirl For This Useful Post:
-
Hey, you remember Luiz Inacio Lula da Silva , the Brazilian president who used the global financial meltdown to demagogue about “white people with blue eyes?” http://faustasblog.com/?p=11098
Well, you’ll be happy to know that our president gave him two thumbs up and offered this praise. He’s loco for Lula!
“This is my man, right here. I love this guy.” http://blog.heritage.org/2009/04/03/i-love-this-guy/
Laissez les bon temps rouler! 
Going to church doesn't make you a Christian any more than standing in a garage makes you a car.** a 4 day work week & sex slaves ~ I say Tyt for PRESIDENT! 
Not to be taken internally, literally or seriously ....Suki ebaynni IS THAT BETTER ?
-
The Following 2 Users Say Thank You to Jolie Rouge For This Useful Post:
anothersta (04-03-2009),SurferGirl (04-03-2009)
-
Mrs Pepperpot is a lady who always copes with the tricky situations that she finds herself in....
-
-
Originally Posted by
Jolie Rouge
I don't know if Obama is just stupid or so arrogant that he thinks he can say and do whatever he wants with no consequences.
I long for the day when we had a president who cared for our country and defended it.
I am extraordinarily patient, provided I get my own way in the end.
-
The Following User Says Thank You to katgirl3 For This Useful Post:
-
Not a chance of Obama caring about Americans.
He must have agreed with Rev. Wright to have attended his "church" for 20 years. Don't forget Obama's wife said America was a mean country. so many people tried to defend her but looks what is happening now.
-
The Following User Says Thank You to SurferGirl For This Useful Post:
-
Originally Posted by
katgirl3
I don't know if Obama is just stupid or so arrogant that he thinks he can say and do whatever he wants with no consequences.
I long for the day when we had a president who cared for our country and defended it.
This economic crisis was caused by white men. Okay, so some of them probably have brown eyes.
If you're going to level critisism, try to make it accurate. You have to know that Obama is a very intelligent man. You have to know that he is most certainly considering the consequences of his action. I might add that he thinking long term, as opposed, to say, the last administration.
And you can rest assured that Obama loves this country and will defend it.
-
The Following 4 Users Say Thank You to mikej For This Useful Post:
cSoReNSoN (04-03-2009),ElleGee (04-03-2009),hesnothere (04-03-2009),observer (04-03-2009)
-
Originally Posted by
mikej
This economic crisis was caused by white men. Okay, so some of them probably have brown eyes.
If you're going to level critisism, try to make it accurate. You have to know that Obama is a very intelligent man. You have to know that he is most certainly considering the consequences of his action. I might add that he thinking long term, as opposed, to say, the last administration.
And you can rest assured that Obama loves this country and will defend it.
I just want to get this correct. Your blaming the white man for our economic crisis? No one of any other nationality is to blame? This is why nothing gets fixed or works. Everyone is to busy blaming someone else instead of figuring out how to fix it.
Last edited by jeanea33; 04-03-2009 at 11:44 AM.
Some Say, I Am One In A Angry Mob.....
-
The Following 2 Users Say Thank You to jeanea33 For This Useful Post:
janelle (04-03-2009),SurferGirl (04-03-2009)
-
Originally Posted by
jeanea33
I just want to get this correct. Your blaming the white man for our economic crisis? No one of any other nationality is to blame?
Umm, since when is the term "white man" a nationality?
-
The Following 6 Users Say Thank You to hesnothere For This Useful Post:
ahippiechic (04-03-2009),anothersta (04-03-2009),cSoReNSoN (04-03-2009),ElleGee (04-03-2009),observer (04-03-2009),speedygirl (04-03-2009)
-
There are many reasons for the current recession, no one person, race, nationality, religion, etc. is to blame.
"Because days come and go, but my feelings for you are forever..." by Papa Roach
-
The Following 7 Users Say Thank You to krisharry For This Useful Post:
ahippiechic (04-03-2009),CLARKS4 (04-03-2009),dv8grl (04-03-2009),ElleGee (04-03-2009),hesnothere (04-03-2009),observer (04-03-2009),speedygirl (04-03-2009)
Reply With Quote