"The events... were a direct result of the 1998 elections, when the poor and disenfranchised of Venezuela elected Hugo Chavez by a landslide as their president. He immediately instituted drastic measures, taking control of the courts and other institutions and dissolving the Venezuelan Congress. He denounced the United States for its "shameless imperialism," spoke out forcefully against globalization, and introduced a hydrocarbons law that was reminiscent, even in name, to the one Jaime Roldos had brought to Ecuador shortly before his airplane went down. The law doubled the royalties charged to foreign oil companies. Then Chavez defied the traditional independence of the state-owned oil company, Petroleos de Venezuela, by replacing its top executives with people loyal to him... By taking over the industry, Chavez had thrust himself onto the world stage as a major player."

Quote Details

Added by wikiquote-import-bot
Unverified quote
0 likes
Political worksAutobiographies
Original Language: English
Available Languages (1)
English (Original)

Sources

Imported from EN Wikiquote

https://en.wikiquote.org/wiki/Confessions_of_an_Economic_Hit_Man

Revision History

No revisions have been submitted for this quote.

Categories

Political worksAutobiographies

Unknown

35329 quotes on TrueQuotesView all quotes by Unknown →

Related Quotes