SocraticGadfly: Hugo Chavez nationalizing fellow Latin Americans now

May 12, 2008

Hugo Chavez nationalizing fellow Latin Americans now

After nationalizing oil operations last year, this time, Venezuelan President Hugo Chavez is nationalizing his country’s largest steelmaker, after union talks broke down.

But, this isn’t ExxonMobil. Ternium-Sidor, which is majority owned by Argentina’s Techint. How well will the “Bolivarian Revolution” go amongst Chavez’s fellow non-Yanquis?

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