Looks like some in the government have forgot the working class struggle and socialism !
Cort http://venezuelanalysis.com/news/6315 Venezuelan Government Authorize US $100 Million to Firms that Respect Will of the People [image: Send to friend] <http://venezuelanalysis.com/printmail/6315>[image: Printer-friendly version] <http://venezuelanalysis.com/print/6315> By Juan Reardon Venezuelanalysis.com Tags Tags <http://venezuelanalysis.com/tags> - Economy <http://venezuelanalysis.com/tag/economy> - Private sector <http://venezuelanalysis.com/tag/private-sector> Caracas, June 30th 2011 (Venezuelanalysis.com) - On Wednesday the Venezuelan government authorized the release of nearly US $100 million dollars to private companies involved in strategic sectors of the national economy. Speaking yesterday from the state-owned ALBA Caracas Hotel (formerly Caracas Hilton), Venezuelan Vice President Elias Jaua thanked those members of the private food, pharmaceutical, education, and health industries, among others, who had accepted the rules of the game imposed by the Venezuelan people. According to Jaua, the strength of the Venezuelan people, the political stability weve secured, and the economy that weve consolidated are the elements that allow us the confidence and security needed to establish relationships of harmony and trust with private firms. A total of 33 companies with ties to international capital participated in Wednesdays event, organized by the governments Exchange Control Commission (CADIVI).* Many of these firms, such as Alimentos Heinz, C.A. and Kimberly Clark Venezuela, C.A, are subsidiaries of international firms* [See: www.heinz.com and www.kimberly-clark.com]. These firms argue, and are currently supported by government policy, that they require CADIVI issued dollars in order to maintain productivity. These dollars allow them to secure the inputs they need to produce goods and services, as well as to balance between investments and returns that keeps them involved in the Venezuelan economy. In Venezuela there is space for private investment, be it national or international, said Jaua. The Bolivarian revolution needs private investment, but only when this investment respects the will of the people and the defense of our national sovereignty, he affirmed. CADIVI President Manuel Barroso, who also spoke at Wednesdays event, told those in attendance that the Venezuelan government is, and will always be willing to work with those in the private sector who work on a daily basis to produce the good and services needed to satisfy the Venezuelan peoples needs. As capitalism suffers a worldwide crisis, our revolutionary and Bolivarian government has not allowed, and will never allow, international capitals crisis to affect our peoples access to education, health, culture, food, and medicine said Barroso, highlighting currency control mechanisms as part of the governments strategy to maintain a slow but steady economic growth. Venezuela currently maintains a two-tiered official exchange rate of Bs 4.3 per US dollar for most imports and Bs 2.6 per US dollar for items and industries deemed priorities by the national government, including food, medicine, and educational materials. According to Barroso, the Venezuelan government has authorized the use of some US$ 12.5 billion dollars to finance imports in the first six months of 2011. Published on Jun 30th 2011 at 2.54pm [Non-text portions of this message have been removed] ------------------------------------ --------------------------------------------------------------------------- LAAMN: Los Angeles Alternative Media Network --------------------------------------------------------------------------- Unsubscribe: <mailto:[email protected]> --------------------------------------------------------------------------- Subscribe: <mailto:[email protected]> --------------------------------------------------------------------------- Digest: <mailto:[email protected]> --------------------------------------------------------------------------- Help: <mailto:[email protected]?subject=laamn> --------------------------------------------------------------------------- Post: <mailto:[email protected]> --------------------------------------------------------------------------- Archive1: <http://www.egroups.com/messages/laamn> --------------------------------------------------------------------------- Archive2: <http://www.mail-archive.com/[email protected]> --------------------------------------------------------------------------- Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/laamn/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/laamn/join (Yahoo! ID required) <*> To change settings via email: [email protected] [email protected] <*> To unsubscribe from this group, send an email to: [email protected] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
