CubaMinrex. Sitio del Ministerio de Relaciones Exteriores de Cuba

Venezuelan Official Says Rich Should Pay for Global Crises

CUBA, March 3, 2009. Venezuela's Economy and Finances Minister Ali Rodriguez, said in Havana that rich people, rather than the poor, should pay the price of the current world economic crises.

Rodriguez spoke Monday at the 11th International Meeting of Economists on Globalization and Development Problems with more than 1,000 experts from 45 nations on attendance. In his speech, he emphasized that the core of the global collapse is in the United States, due to its high level of financial speculation.

Rodriguez pointed out that the solution to the crises does not lie in a simple monetary injection, but in the total rearrangement of the real sector of the U.S economy, which has not been taken into account in the policies that have been designed as remedies.

The Venezuelan minister explained the efforts carried out in his country to relieve the effects of the crises. He said the main natural resources, such as oil, gas, electricity, steel and aluminium are already in the hands of the government, which is trying to process them in the country to avoid imports, diversify the economy and help neighbouring nations.

Rodríguez said the people are benefiting from those and other measures and mentioned as an example the advances made in the gas industry. This will allow the government to face other issues such as the housing problem, with the construction of new houses not only in Venezuela but also in other countries.

Speaking about the proposals for the 21st Century Socialism sought by the Bolivarian Revolution, Rodriguez said the major challenge is not just to change relationships of production, but also the relationships of property, which were inherited from Venezuelan pre-industrial capitalism. (Cubaminrex- ACN)

 

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