Hugo Chavez officially announces what should have taken no one by surprise: “We’re heading towards socialism”. The currency fell 17% after Chavez unveiled his plans for the nation in a televised speech.

Check out the rest of the article at Faustas Blog.

A couple of highlights from Fausta’s article:

From BBC

senior Venezuelan diplomats privately admitted they could envisage a completely different relationship with a Democrat in the White House, particularly with somebody from the Clinton family.

Chavez specifically said:

On Monday, Chavez openly referred to himself and his former vice president, Jose Vicente Rangel, as “communists” and said those who wanted to understand his proposed ‘”21st century socialism” should look at the works of Marx and Lenin, as well as the Bible.

He ended his speech with the call Fidel Castro used to wind up his speeches throughout his nearly five decades in power: “Patria o Muerte, Venceremos — Fatherland or Death, We will triumph!”

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