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Article posted Dec 09 2010, 5:58 PM Category: Geopolitics Source: The Guardian Print

WikiLeaks cables: Chavez desperate for capitalist oil companies to fund broke socialist revolution

American diplomats say president is now desperate to attract foreign partners after nationalisation frightened many away
by Rory Carroll in Caracas


Venezuela's tottering economy is forcing Hugo Chávez to make deals with foreign corporations to save his socialist revolution from going broke.

The Venezuelan president has courted European, American and Asian companies in behind-the-scenes negotiations that highlight a severe financial crunch in his government.

Venezuela's state-owned oil company, PDVSA, is the engine of the economy but buckled when given an ultimatum by its Italian counterpart and has scrambled to attract foreign partners, according to confidential US embassy cables released by WikiLeaks.

The memos depict an unfolding economic fiasco and suggest some of Chávez's key allies – Argentina, Brazil and Cuba – are gravely concerned at Venezuela's direction. "President Chávez, for his part, is acutely aware of the impact the country's general economic trajectory has had on his popularity," says one cable.

With a recession, underfunded infrastructure and 30% inflation, Venezuela's economic woes are no secret. But the government has insisted PDVSA, the country's golden goose, is thriving and capable of funding Chávez's vision of "21st century socialism".

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Comments 1 - 4 of 4 Add Comment Page 1 of 1
Anonymous

Posted: Dec 10 2010, 1:51 AM

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11477 Venezuela That is not a socialist country not even close to one wish this site would stop going on about it begin one you have more important things to worry about right the global warming people are setting an agenda right now while we txt all about wikies stay on top of both please
Anonymous

Posted: Feb 28 2012, 12:26 AM

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6898 el socialismo del siglo 21 no es mas que el nombre para cobertura del comunismo de la izquierda latino americana donde los pueblos enganados con algunas reformas sociales se entregan en los brazos de los nuevos castros latinoamericanos, estos despues que toman el poder sin disparar un tiro hacen sus maniobras para controlar las elecciones y se pegan al poder para no soltarlo jamas por las llamadas " vias legales" el gobierno democratico de los estados unidos han abandonado el patio de la casa para ocuparse del mundo arabe, cuando vayan a darse cuenta van a tener el castrismo en toda latinoamerica, al che llamaba a encender la llama en muchos vietnam a la vez para que ardiera el imperialismo
pues ya esta el fuego VENEZUELA, CUBA, NICARAGUA, ARGENTINA, ECUADOR
LAS FARC EN COLOMBIA.
que falta hacia en stos momentos un ronald reagan o el vielo bush en la casa blanca.

Anonymous

Posted: Feb 28 2012, 12:33 AM

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6898 el presidente chavez cristica a los norteamericanos como imperialistas opresores del pueblo norteamericano, y se abraza y se besa con raul castro y con fidel castro que llevan mas de 50 anos de duenos absolutos de cuba y que suprimen la libertad absoluta de ese pueblo, vayan a la internet y pidan los videos de la disidencia cubana para que vean las turbas de respuesta rapida atacando y penetrando en los hogares cubanos que se atrevan a protestar.
da pena y asco ver al presidente correa del ecuador clamando y llorando porque cuba sea invitada a la cumbre de las americas y a la canciller de colombia yendo a cuba a suplicarle a fidel castro para que asista a ese acto el presidente santos de colombia no es ni la sombra del bravo presidente uribe, santos le tiene respeto a chavez y panico a fidel castro,
Anonymous

Posted: Feb 28 2012, 12:39 AM

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6898 las turbas atacando globo vision en caracas, atacando a la universidad central, tiroteando a la candidata a la presidencia por la oposicion, la misma copia de las turbas de respuesta rapida en cuba el mismo metodo, porque los cubanos estan detras de todo el aparato represivo venezolano, asi estaban los rusos al principio detras de la opresion de los castristas contra el pueblo.
y da pena ver a las focas rojas aplaudiendo todo lo que se le ocurre al loco de chavez, asi gritaban paredon paredon delante de fidel castro para que fusilara a los cubanos que se oponian a castro, muchos de los que asi gritaban recibieron ellos mismos el paredon o andan por las calles de miami, pero todavia los pueblos latinoamericanos no aprenden la leccion del pasado


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