How long before ambition will be put to rest ...with an embargo???
posted on
Dec 21, 2008 01:41PM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
This is getting into the ridicules now .
Chavez is effectively killing any free Enterprise in VZ even the small ones ,this mall surely was building under a permit.
Looks like that ,contrary to what Chavez says, he is going toward a Cuba style dictatorship because he has sensed that is time is up in a modern enterpriser world and he is bringing everything into a nationalized state in order to survive politically.
these actions coupled with actions taken like in my last post are going to take him to the edge where he will hit his head against an embargo Cuba style .
Unfortunately Kry will be in the mix of this unless we manage to scramble away before hand with our money.
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Here is the article of Chavez last foolishness:
Chavez says mall to be expropriated in Venezuela
By IAN JAMES – 52 minutes ago
CARACAS, Venezuela (AP) — President Hugo Chavez ordered construction halted on a major shopping mall in Caracas on Sunday, saying the government will expropriate the unfinished building.
Chavez said the new Sambil mall would severely clog downtown Caracas with traffic and would not be permitted to open its doors.
"We're going to expropriate that and turn it into a hospital — I don't know — a school, a university," Chavez said to applause during his Sunday television and radio program, "Hello, President."
Constructora Sambil, the company building the mall, did not immediately respond to requests for comment. It operates Sambil malls in cities across Venezuela, including another vast shopping center in Caracas.
Chavez objected to the new mall scheduled to open in Caracas' downtown La Candelaria district next year, saying the area is already so crowded that "not a soul fits." The hulking concrete and brick structure takes up an entire city block and according to the Sambil Web site was to include 273 shops.
The Venezuelan leader said it would be out of line with his government's socialist vision to allow such a mall to take up precious urban real estate — and that unbridled consumerism isn't his idea of progress either.
"How are we going to create socialism turning over vital public spaces to Sambil?" said Chavez, who has nationalized Venezuela's largest phone company, electric utilities and oil fields.
The president also has urged Venezuelans to shed their materialism and their taste for designer clothes, sport utility vehicles, Scotch whisky and plastic surgery.
Yet consumerism has flourished in recent years, with the economy awash with cash and windfall oil earnings rolling in. Malls are often packed, and new shopping centers have been sprouting up quickly.
The president did not say how much the government might pay the mall's owners in compensation.