Posted on 06/19/2007 5:32:05 PM PDT by lowbridge
Posted by Julia A. Seymour on June 19, 2007 - 18:26.
Socialist Dictator Hugo Chavez has seized private businesses in Venezuela and many Venezuelans are fleeing the country, yet BusinessWeek magazine found a silver lining:
“In some respects, business has never been better,” claimed Geri Smith in the June 25 issue.
Smith quoted Venezuelan American Chamber of Commerce President Edmond J. Saade who said:
“It’s a bit like the … French Revolution. Power to the people, death to nobility.”
Smith’s claim that business has never been better even ignored the Venezuelan businessman she quoted in her story. The businessman who didn't reveal his name out of fear said “his company has shrunk to just 100 employees from 300 since Chavez came to power in 1999, and sales have fallen by half.”
It also ignored the fact that stealing assets harm those people who no longer have control of their own properties:
“Chávez has already forced global oil giants, phone carriers, and power companies to hand over control of key assets. Now he says he might nationalize banks, hospitals, and steel companies,” Smith wrote.
The media have had a bizarre fascination with the Venezuelan dictator over the last few months, as the Business & Media Institute has documented. BusinessWeek managed to put a new spin on it by suggesting Chavez’s ways are partly good for business.Smith also praised the way Chavez stole oil revenue and spend $13.3 billion on redistributing wealth, and left out the negative impact on poverty and human rights that the dictator has created.
Maybe Hugo ought to confiscate Business Week, then we’ll see if they sing his praises.
That is an increase on sales based on the decrease in employees.
“The media have had a bizarre fascination with the Venezuelan dictator over the last few months”
I have a bizarre fascination, too. It’s like watching a slow-motion trainwreck in Deja-vuvision.
These young leftie writers think it’s kinda cool what Chavez is doing. Kinda like the young 20 somethings that wear the Che Guevara shirts and have no idea what this creep did. These young punks need a history lesson.
Venezuela, it’s what for North America. /s
At least, that’s what the socialists here hope for with the immigration bill.
Geri Smith strikes me as a moron who knows not the first thing about business.
Not withstanding the $2.7 Trillion federal dollars budgeted for 2008.
He just needs Cindy Sheehan to be on the Board of Directors to get things back right.
That is an increase on sales based on the decrease in employees.
I get it - the work force decreased by 2/3, but sales only dropped by half, so productivity is UP !!!
You could get a job as a government spokesman... or a news anchor...
Chavez’s ways are partly good for business.
Tell that to the oil companies. I can’t believe this tripe comes from BW. I used to read that mag religiously but it looks like they’ve strayed.
Venezuela...fast becoming the Zimbabwe of South America.
You could get a job as a government spokesman... or a news anchor.
I am not agreeing with the slime ball dictator but American companies decrease employment rolls while increasing productivity and it's called good business.
Like, who in hell would notice?
Not at gun point, they don't. There's a big difference between the management of a company deciding to make changes in the company, and the government deciding to make changes in the company.
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