Venezuela's poster child for failure of socialism
Reuters: Five months after Venezuela nationalized dozens of oil service contractors in Zulia state, the once-bustling industrial dock on Lake Maracaibo is nearly abandoned, and the 16 red flags raised to celebrate the takeovers are already tattered and faded. A few small groups of workers remain, hoping to get the jobs they were promised after the expropriations. "We demand our jobs. Because we haven't gotten an answer, we're still here," said Demostenes Velasquez, who for months has lived under thescorching sun in a tent improvised from remnants of oil union election pamphlets. Like Velasquez, many workers on the eastern shores of the lake have protested or gone on hunger strikes to demand jobs promised them after President Hugo Chavez's government expropriated 76 oil services companies on the Maracaibo Lake. The western region has a long history of oil production. As part of his drive to install socialism in the OPEC nation, Chavez e...