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Venezuelan President: Capitalist System
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Venezuelan President: Capitalist System
Failed
Caracas - Venezuelan President Hugo Chavez
affirmed Capitalist model failed and led us
to the economic crisis hitting the most
affluent capitalist nations.
The crisis of the developed capitalist world
is deplorable, mainly in North America,
starting by US, where millions of workers
are jobless and thousands of companies are
closing, he expressed.
During the inaugural ceremony of the
movement for the construction of the
National Iron and Steel Corp, in the state
Bolivar, Chavez assured that the US Empire
is about to get to an end.
I don’t mean US institutions or peoples, but
that killer and genocide Empire that must be
stopped by a leader or group of leaders who
give US a different destiny, he stated.
Chavez commented Europe is also practically
paralyzed, the economy has decreased, high
rates of unemployment, the largest Europe’s
banks bankrupted, a truly disaster.
This crisis is worse than that of the 30´s,
it points to be the worst registered in
economic history. Some already speculate and
name it as the perfect crisis, the mother of
all crisis, he added.
Though, he stressed Venezuela, thanks to the
existence of a revolution, will continue
implementing programs of development in an
attempt to make it become a power in this
continent, for integration, brotherhood and
development, and so we will all win and
continue to progress in Latin America.
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