25 January 2007

Dictator Rising

The word in Venezuela the last few weeks has been "nationalization." Here's a brief summary if you missed it: the Chavez government wants to nationalize a few industries including but not limited to, telecommunications, natural gas, electricity, and air travel. Here's a nice article from the International Herald Tribune.

What industry is next you ask? How about automobile manufacturing. The national finance minister has called GM and Ford factories, "nice examples of national assets." Here's a video from Bloomberg.

More good news for Detroit.

[First read on The Drudge Report.]

1 comment:

  1. Am I reading this right? Ford and GM factories are Venezuelan National Assets? As if GM and Ford don't have enough problems. I wonder what the Decider has to say about that?