Privatization of state-run industries is becoming increasingly common in crisis-hit Venezuela, in order to defend and protect public entities from the claws of the evil US imperialism.

The ghost of privatization is increasingly visible in Venezuela. With an economy in a state of severe crisis, beaten down and besieged by US sanctions, the Bolivarian government’s response has been to grant more and more concessions to capital.

Whether in policy decisions or in official discourse, the private sector is presented as the actor which will solve the Venezuelan crisis.

The increased opening up of the economy to the private sector [under the banner of “strategic alliances”] occurs through several mechanisms.

One is deregulation, with the elimination of exchange or tariff controls, through which the government claims it can stimulate investment.

Another is to involve private companies directly into state activities, such as the Local Food Production and Provision Committees (CLAP).

Finally, there is the partial or complete privatization of state assets, from transport companies to the oil industry.

Concerning the alliances with the private sector, Perez denounced that “there is a tendency to privatize” which is justified by the economic situation and the US blockade.

These ‘strategic alliances’ threaten the original [politico-economic] project of empowering the people.

In the company, the recent economic crisis has been reflected by a pattern of divestment and bankruptcy that opens the way to privatization.

The move is “being justified [by the government], and we watch it with great concern,” he continued, pointing to the fact that the interests of the bourgeoisie are antagonistic to the struggles of the people.

We recognize that there is an economic war going on, but we the people also have strength, we have experience, and we can assume the responsibility of running these firms. There is time to correct these actions which may have consequences for the immediate future for the Bolivarian Revolution.

The Pedro Camejo Socialist Company was created in 2007 by Commander Hugo Chavez.

Through different agreements with companies in Argentina, Brazil, China and Iran, the company looked to equip small and medium-sized farmers with agricultural machinery.

Alongside land redistribution, the goal was to boost sovereign food production in the Venezuelan countryside.

Likewise, in addition to the Pedro Camejo Company, other firms in the region are being transferred into private hands, such as the Santa Elena Sugar Plant.

Given that decentralization is often accompanied by the liberalization of labor conditions and redundancies, the workers’ union is also set to join the fight to recover the company, although nothing has been announced yet. / ABC Flash Point News 2020.

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07-04-20 21:35

Venezuela has it ALL, except for if the US Zionist regime and the IMF decide to destroy the nations economy?

Washington DC
Washington DC
Reply to  Portabello
21-09-20 03:32

That is exactly what they did, and still they won’t stop derailing the richest South American country?