Rule of Reason Blog Posted March 26, 2007 Report Share Posted March 26, 2007 By Nicholas Provenzo from The Rule of Reason,cross-posted by MetaBlog This has been years in the making, yet it is nevertheless an astounding turn of events. Venezuela's Congress on Wednesday granted President Hugo Chavez powers to rule by decree for 18 months as he tries to force through nationalizations key to his self-styled leftist revolution. The vote allows anti-U.S. leader Chavez, who has been in power since 1999, to deepen state control of the economy. The lawmakers, all loyal to Chavez after opposition parties boycotted the 2005 congressional elections, flaunted their populist credentials by taking the unusual step of holding their vote in public in a square in Caracas. "We in the National Assembly will not waver in granting President Chavez an enabling law so he can quickly and urgently set up the framework for resolving the grave problems we have," said congressional Vice-President Roberto Hernandez. [ Reuters] One marvels at the intellectual vacuum that exits today for a nation to willfully take such a backward step. http://ObjectivismOnline.com/blog/archives/002404.html Quote Link to comment Share on other sites More sharing options...
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