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Obama Supporter Hugo Chavez Wins Re-Election

Anominus Wrote: Oct 09, 2012 12:10 PM

Actually, unrestricted capitalism would probably be better than the unholy hybrid of crony capitalism / socialism we have today. That definitely leads to plutocracy as the "redistributors" (politicians) tend to count themselves at least twice before they count anyone else, and no one has the power to counter them. At least in a capitalist system, people are encouraged to be productive for their own good.

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Obama Supporter Hugo Chavez Wins Re-Election

Venezuelan President/Dictator Hugo Chavez has won re-election. More from AP:

President Hugo Chavez put to rest any doubts about his masterful political touch in winning a third consecutive six-year term after a bitterly fought race against a youthful rival who has galvanized Venezuela's opposition.

The state governor who lost Sunday's presidential vote, Henrique Capriles, had accused the flamboyant incumbent of unfairly leveraging to his advantage Venezuela's oil wealth to finance his campaign as well as flaunting his near total control of state institutions.

Capriles also narrowed Chavez's margin of victory...

Related Tags: Iran Hugo Chavez Venezuela