Posted on 01/25/2010 7:08:40 AM PST by Cheap_Hessian
Caracas, Jan 25 (IANS/EFE) Venezuelan President Hugo Chavez has asked for the cooperation of the national legislature in drafting laws permitting the elimination of capitalistic operating guidelines at public firms.
Chavez on his weekly radio and television show Sunday revealed the societal model he envisions, according to which public firms will not depend on their established production capacity or on the quality of their products, their costs, or their sales, because their survival will be guaranteed by an annual budget provided by the state.
With their operations assured in this way, the firm will not sell its products in the open market but rather will deliver them to a state entity which will undertake to market them at prices whereby the value added is eliminated.
According to Chavez's idea, the consumer goods that are sold to the public in this way will be much cheaper but will be of similar quality to those offered by capitalist-run firms.
(Excerpt) Read more at in.news.yahoo.com ...
To quote Sponge Bob = “Good luck with that.”
Just WOW.
Well it’s worked so well everywhere else it’s been tried...
Try to top this.
This will not end well.
Barry hearts Hugo ^_^
Stupid is as socialism does there, Hugo.
I guess Hugo figures that just because those stupid Russians, East Europeans, and Chinese couldn’t make such a system work doesn’t mean the he can’t make it work.
I wonder just how many new businesses will start up in Venezuela after this goes into effect.
It’s fun watching another socialist country go the way of Air America.
Too bad the MSM and the dim-bulb-crats are incapable of learning.
When it fails it will be the U.S.’s fault....< / sarc >
Hugo Obama sets standards
And its a leap... but not a huge leap (hugo leap?) to extend a dotted line from -16bama's path to the same.
Someday, this pr!ck is going to overreach and be brought to justice by his own people. Mussolini and Ceaucescu (sp?) come to mind.
Good. I am looking forward to the fires and explosions in Jose, due to lack of maintenance. PdVSA is going to then be a money pit for Venezuela. And Hugo, don’t ask me to fly down there to re-build the PLC and DCS systems that you expropriated. There is one condition for me to set foot in any PdVSA refinery - your burning in hell with your ideological buddy Ceaucescu.
This should drain Venezuela of any foreign corporation presence in about 6 month, so as to hasten his return to 3rd world banana republic status.
The quality of your product won’t matter: just how much you bribe Hugo’s apparatchiks.
Oh yeah, good plan.
It is indeed fortunate for Venezuela that Chavez is a first-rate economist and experienced business executive.
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