VenEconomy // Even more evident how truly evil Chavez' revolution is

VenEconomy: On October 31, it was made even more evident how truly evil this revolution advocated by Hugo Chavez is.

Until now, there are those who might could have found a degree of rationality or justification in this government's demagogical decisions; and yet others might have attributed to certain confiscatory measures some "benefit" for this or that sector of the population.

The expropriations of Constructoras de Valvulas, Venepal, and Rualca, say, which allegedly were to have given way to social companies where workers had a shareholding, or the de-privatization of SIDOR, which was applauded by the workers because of promises of improved wages and better benefits. Today all these companies are mere shadows of their former selves and the workers are still waiting for just some of the promises to be made good.

Something for which there is no objective, political or ideological reason or justification is the confiscation of Siderurgica del Turbio (Sidetur), a company of the Sivensa Group that manufactures and markets steel and steel products.

In order to justify this confiscation, this Sunday the President accused Sidetur of selling its products at very high prices. That is a lie.

Sidetur is a socially responsible company that abides by the law. The products it manufactures and markets are key inputs for the construction sector whose prices have been regulated since 2006, even though there has been inflation of more than 100% since then.

What benefit will Sidetur in government hands bring to the country? VenEconomy can find not a one. But a cynic might think that Chavez wins by removing from the game a company that has demonstrated that the private sector can, in fact, work with the communities, even better than the government itself.

Nor does the confiscation of six urban developments in Yaracuy, Carabobo, and Miranda or the temporary occupation of eight more developments or the special measures against 19 more announced by the President in his Sunday program this Sunday make any sense whatsoever.

Who benefits or what is gained by confiscating buildings that are already under construction? No one. However, the country loses in terms of investments that will now not be coming and sources of productive employment that it will not have.

Today, Venezuela is a confiscated country where more than 350 private companies have been destroyed and more than 2 million hectares of fertile productive land left fallow or producing less. There is no information about a single case where these properties are producing more or at lower cost, are creating more jobs or generating better benefits for their workers.

In conclusion, Venezuela is a country where those who are governing it destroy simply for destruction's sake in the interests of a communist revolution that the majority of Venezuelans don't want.