Wednesday, November 5, 2008

And now.... Gold....

Chavez is making a clean sweep nationalizing industries which affect Venezuela's national resources. This time he's taking over the largest gold mine. This time it's a Canadian company he's going to expropriate the resource from.

What's left? Aluminum? Or maybe that's already been nationalized.

I guess Chavez has to do something to increase government revenues since oil prices are hovering in the $60's. Surely private industry in Venezuela isn't going to make up for lost profit in the oil market by expanding production and contributing to the tax base.

Why doesn't Chavez just get it over with and declare Venezuela a communist state, and take over all private enterprises? He could name himself Premier for life....

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