Cuba, one of Chavez's closest allies in the region, nationalized major industries shortly after Castro came to power in 1959. Bolivia's Evo Morales, another Chavez ally, moved to nationalize key sectors after taking office last year.
AP Photo: Venezuela's President Hugo Chavez laughs at the swearing in ceremony of new ministers in Caracas, Monday,..
"The nation should recover its ownership of strategic sectors," Chavez said. "All of that which was privatized, let it be nationalized," he added, referring to "all of those sectors in an area so important and strategic for all of us as is electricity."
The nationalization appeared likely to affect Electricidad de Caracas, owned by Arlington, Virginia-based AES Corp., and C.A. Nacional Telefonos de Venezuela, known as CANTV, the country's largest publicly traded company.
Chavez said lucrative oil projects in the Orinoco River basin involving foreign oil companies should be under national ownership. He did not spell out whether that meant a complete nationalization, but said any vestiges of private control over the energy sector should be undone.
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[Proofreader's note: this article was edited for spelling and typos on January 10, 2006]
Note: here

"Unthinking respect for authority is the greatest enemy of truth."<br />
(Albert Einstein)
He's on foreign import I'm currently all in favour of.
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"and the knowledge they fear is a weapon to be used against them"
"The Weapon" - Rush
We need to smash everything down, and look at all the pieces on the ground, and start coming up with outside-the-box ideas, taking into account our urgent need for overhauling our entire society and it's misplaced priorities of consumerism, greed, and a life of excess and comfort at a price built on the backs of slave labour.
We all need to start living with less.
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“The war is not meant to be won, it is meant to be continuous, the essential act of warfare is the destruction of the produce of human labour”
"to give him greater powers to legislate by presidential decree."
is the part that concerns me. If what he is doing is approved of by his countrymen, there is no need to fear asking for their approval prior to legislating. Not even the best-intentioned should be allowed to legislate by decree. History affords us the answers to what happens in these circumstances as well.
Rico AB.
Right now we have center, right of center, and extreme right of center being represented.
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"and the knowledge they fear is a weapon to be used against them"
"The Weapon" - Rush
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Expect little from life and get more from it.
Socialism isn't necessarily about one guy and his cronies seizing power any more than capitalism is. Socialism is about the needs of the many outweighing the needs of a few. Corruption can, has and will run rampant and the end result has been the same for both capitalists and socialists.
Tearing things apart and starting from scratch as per the post above is probably what is needed. As is relates to this story, nationalizing ones own assets is a damned good start regardless of political bent.
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Everybody got to deviate from the norm
Damned near everything I've seen in the "western" media about Chavez has been a pack of lies, including AP reports. Therefore, I'm going to go with the former theory until I see otherwise from someone like Palast or Amy Goodman.
If he does want rule by decree, he's getting crossed off my christmas list as being no better than Bush.
So the Vulcans invented socialism?
It seems to me that a better description is that socialism is about the needs of some outweighting the rights of others. It's also about elevating the group above the people who constitute it.
From each according to his abilities to each according to his needs, right? There's no notion of earning in that statement. Those with needs have only rights. Those with abilities have only obligations. There's no duty to provide for one's own needs or develop one's own abilities.
It's not just about corruption. If socialist leaders were just hypocrites who were motivated by simple greed and lust for power, I'd find them no more objectionable than their right-wing equivalents. But I believe that many socialist dictators actually buy into their own propoganda. They actually believe they're serving the common good by drawing more and more power to themselves. After all, perfecting people and the society they live in requires a great deal of power and force. This kind of "true believer" is far more dangerous than some cynical, self-interested thug.
Someone who believes that they're doing good by acquiring dictatorial power and that the individual is nothing and the group everything will be the most ruthless kind of leader. He will create gulags and killing fields and slaughter tens of thousands of people with an unblemished conscience because he believes he is serving a greater good.
It is this unique combination of self-delusion, misguided altruism and the devaluing of individuals that make these kinds of leaders so frightening and remorseless.
"Unthinking respect for authority is the greatest enemy of truth."<br />
(Albert Einstein)
However, Mother Earth has decided that we will change, and CHANGE NOW! whether we like it or not. And change we will. The extent of how well we do it will determine if we flourish and improve as a civilization, simply survive, or go extinct like the dinosaurs.
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“The war is not meant to be won, it is meant to be continuous, the essential act of warfare is the destruction of the produce of human labour”
-Max Planck<br />
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