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Caribbean-Latin America
Venezuela to seize 'idle' firms
2005-07-19
The Venezuelan government has warned it will confiscate hundreds of private companies that are lying idle if they fail to re-open. President Hugo Chavez said the firms' workers would be given help to set up co-operatives and re-start production for the benefit of the community. He said the move was needed to fight poverty and end Venezuela's dependence on "the perverse model of capitalism".
Posted by:Fred

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