Magazine article New Internationalist

A Vision Thing: 'If We Don't Put an End to Neoliberalism, Neoliberalism Will Put an End to Us,' President Chavez Said Earlier This Year

Magazine article New Internationalist

A Vision Thing: 'If We Don't Put an End to Neoliberalism, Neoliberalism Will Put an End to Us,' President Chavez Said Earlier This Year

Article excerpt

At the World Social Forum in Porto Alegre in January he announced plans to introduce a tax on speculative finance similar to the Tobin Tax. He has proposed the establishment of a Latin American Humanitarian Fund, financed through a reduction in army budgets. His regional-integration plan dovetails with Brazilian President Lula's proposed 'green dollar', which would create an alternative currency valid only for agricultural production to supply the 'Zero Hunger' campaign in Brazil.

Chavez has also proposed a regional oil cartel, Petroamerica, linking output and prices in Ecuador, Peru and Venezuela to prioritize national needs. He has called for the end of repayments on the external debt. 'If any one nation tries to fight it alone,' he has said, 'they will be destroyed.'

An enthusiastic globetrotter, Chavez has embraced Saddam Hussein, revitalized the OPEC oil cartel and abandoned the country's traditional subservience to US foreign policy. Last year he secured the presidency of the Group of 77 developing countries at the UN, providing a global platform for his political vision. …

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