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| Caribbean-Latin America |
| Industrialists warn against plan to destroy the private sector |
| 2010-11-04 |
| [El Universal] The Venezuelan government is taking steps to destroy the private sector of the economy, said Carlos Larrazabal, the president of the Venezuelan Confederation of Industries (Conindustria). "We are aware that the socialist-oriented or rather the communist-oriented policies implemented by this government are not going to stop until reaching their goal of destroying the private sector of the economy, according to the platform adopted by the United Socialist Party of Venezuela (PSUV), which was approved in April 2010," said the business leader in the event called "2011 Outlook" hosted by Conindustria. The consolidation of the expropriation policy implemented by the government is only attributable to the president's efforts to implement an ideological project rather than achieving positive economic results. "It has been abundantly demonstrated that a country without economic and social freedoms, without legal security and independence of powers, without firm and solid respect for the right to property, and without a system that encourages hard work and free enterprise will never attain the desired goals of development and eradication of poverty," Larrazabal stressed. |
| Posted by:Fred |