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| Caribbean-Latin America | |
| Laws on people's power are set to nullify private entrepreneurship | |
| 2010-12-19 | |
| [El Universal] Institutional foundations for "socialism of the "21st Century" have been laid. Only three years after the people's refusal to constitutional reform, most of it reappears as laws thanks to the representatives of ruling United Socialist Party of Venezuela (PSUV) at the National Assembly (AN). Following the passage of the Organic Law for People's Power and the Communes Organic Law, the Organic Law for Public and People's Planning; the Organic Law on Citizen's Initiated Audits of State Institutions and the Organic Law of the Communal Economic System remain to be endorsed for the model heralded by President Hugo Chavez to come true. "This is an attempt at squeezing in a parallel State, a communal State," said Isabel Pereira, the director of the Dissemination Center of Economic Knowledge for Freedom (Cedice). She is certain that it is a "communist, unconstitutional package" in the economic field will mean final displacement of private entrepreneurship by the national government. "It is a heart attack for the private entrepreneurship; they will ruin and nationalize more private companies." The Organic Law for People's Power operates like an umbrella for the four other laws. It defines the communal State and the economic features of such a system. "Communal economy enables organized communities to establish means for production, distribution, exchange and consumption of goods and services, as well as knowledge, developed in the form of communal social ownership in order to meet collective needs and make social reinvestment of the overage."
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| Posted by:Fred |