Venezuela's revolution has often been tied to the slogan “Socialism in the 21st Century.” What might that might mean concretely in changes under way in the renationalised state telecommunications company, CANTV?
For those who believe that privatisation automatically increases efficiency, just take a look at today’s AvtoVAZ, once considered a flagship of Soviet industry.
The government isn't prepared to face the contradictions of a policy that takes over and nationalises enterprises from inefficient and corrupt owners at taxpayers' expense, yet then seeks to restore the same companies to the same corrupt private hands.
The danger of a corporate capture of government isn't imaginary, and corporations represent narrow profit-seeking interests of businessmen whose forte is not Constitutional values.
The need for convincing alternatives to market-led politics is urgent, especially as the government continues to defer to the financial markets rather than to challenge them.