Venezuela: Maduro determined 'to make economic revolution'
Venezuela: Maduro determined 'to make economic revolution'
Saturday, February 8, 2014
By Ryan Mallett-Outtrim, Merida
Venezuelan President Nicolas Maduro said he would take “the most radical measures to protect our people's economy” as a deadline for businesses to adhere to new price controls approaches.
“We will expropriate whatever needs to be expropriated,” Maduro said during a February 4 speech in Caracas amid commemorations of the 22nd anniversary of a 1992 failed military rebellion.
The coup was led by Maduro's predecessor, Hugo Chavez. Although he was jailed for the insurrection, Chavez became a popular figure with the poor majority. He won the 1998 presidential elections by a landslide.
Maduro has pledged to continue the socialist revolution begun during Chavez's presidency. “I'm determined to make an economic revolution,” he said. “Nobody, nothing will stop me.”
During his speech, Maduro said businesses had until February 10 to fully comply with new price controls.
The Law for the Control of Fair Costs, Prices and Profits came into effect nationwide on January 23. However, businesses were given a grace period to adhere to the new controls.
More:
https://www.greenleft.org.au/node/55812