"Chavenomics: The Chávez answer to Milton Friedman"

"A video that is becoming an official instructional document for Venezuelans shows strongman Hugo Chávez in front of his audience, a group of open-mouthed Venezuelan bureaucrats in rapture at the inventiveness of their boss. In this video he describes his ideas on the economy and, more particularly, on currencies and bartering, establishing points of doctrine to guide the new, revolutionary Venezuela. As the video starts we see Chávez holding a piece of paper where he has drawn two circles. One of the circles, he says, represents production. The other represents the community market. Chávez starts his lecture by telling the audience that, about 20% of the production should be donated, given away for free. The rest of the production, he says, should go to the community market and sold there...." Read the whole article by Gustavo Coronel, here in VenezuelaToday

 

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