When Fox covered this today, why on Earth did they call it Socialist and not Communist? What are they afraid of?
To me, its more facist. Communists are into the complete ownership of property, where facists will let you own the property, but they control the functioning of the company. In most of this nationalization movement, Chavez doesn't seem to be taking the whole company, but just the majority ownership, and therefore control of the operation of the companies.