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  HOME | Opinion (Click here for more)

VenEconomy: Where’s the Bolivarian Revolution Going?

From the Editors of VenEconomy

Unbelievable but true: Hugo Chávez has a sinister plan for Venezuela, and that plan is perfectly outlined on Alan Woods’s webpage. Woods, an English Marxist, is the Venezuelan President’s second most important advisor after Fidel Castro. With no subtlety, Woods calls things by their name in the crudest terms and explains in detail the objectives the “Revolution” has set for the country.

For anyone who still refuses to believe, here are some gems of what Woods proposes; and for those who want to learn more of Chávez’s plans, we suggest you visit www.luchadeclases.org.veor www.marxist.com.*

Woods, in an analysis that claims to be a “contribution to the debate on property and the tasks of the revolution,” states that one of Chávez’s priorities is to “win over the middle class to the revolution.” That is of key importance. He says that “many of the middle class and small proprietors have been truly poisoned and deceived by the opposition. It is necessary to win them over to the revolution.”

Woods states that private property is the key issue that could bring them closer to the middle class. To achieve this objective, he recommends taking “the offensive against big bankers and capitalists to show an attitude of absolute firmness and decision.”

He explains that “the first measure required to create a planned socialist economy would be the nationalization of the banks, merging them all into a single state-owned bank.” He points out that “if this is explained correctly, far from alienating the middle class, it would win them over to the Revolution.”

He recommends “conducting an agricultural revolution: expropriating the big landowners, gradually replacing capitalist agriculture with state-owned food producers and the private food monopolies with a state-run food distribution network, and establishing local food markets that can sell at regulated prices, which, in some cases, are as much as 40% below market prices.”

In Woods’s opinion, “the nationalization of the banks would allow the government to grant soft loans to small businesses. The nationalization of the big fertilizer companies would allow it to sell fertilizers to farmers at cheap prices; and by eliminating middlemen and nationalizing the big supermarkets and distribution and haulage companies, we will be able to provide farmers with a guaranteed market and a fair price for their products, while reducing consumer prices.”

Furthermore, he maintains that “nationalization of the fundamental levers of the economy is not an act of aggression or revenge but, on the contrary, a necessary measure in defense of the revolution.”

*Both texts are now available on VenEconomy’s web page www.veneconomia.com

VenEconomy has been a leading provider of consultancy on financial, political and economic data in Venezuela since 1982.

Click here to read this in Spanish

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