Re: Why Chavez Won a Landslide Victory

From: zerge (zerge_at_hotmail.com)
Date: 08/19/04 

Date: 19 Aug 2004 11:37:05 -0700

royls@telus.net wrote in message news:<4123a27f.9760501@news.telus.net>...
> On Wed, 18 Aug 2004 16:41:24 GMT, Socialism is a Mental Disease
> <root@localhost.> wrote:
>
> >On 18 Aug 2004 09:14:27 -0700, know_buddee@hotmail.com (know buddee)
> >wrote:
> >>
> >>Go to the barrios of Caracas, and it becomes obvious why the recall
> >>effort against Hugo Chavez failed: providing people with free health
> >>care, education, small business loans and job training is a good way
> >>to win the hearts and minds of the people.
> >
> >Of course it is. It is much better to support yourself with other
> >people's money.
>
> Whose money do you think it is?
>
> >>After living in the barrio for 40 years, she now had a
> >>formal title to her home and a bank loan to fix the roof so it
> >>wouldn't leak.
> >
> >This is good. Maybe there is hope for Chavez after all. Too bad he's a
> >socialist. Instead of capitalism, he's bringing mostly socialism to
> >the masses and this is going to be his downfall, eventually.
>
> I am following this story with some interest, as Chavez does not
> strike me as a socialist. Government loans to small private
> businesses is most certainly not socialism.

It is socialism when these loans are "soft": lower than market rates,
no penalties if the loan is not repaid. That's pretty much free money.
I'm not saying that Venezuela's loans are soft though; I don't have
the facts.

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