Word: bolivarian
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...that might sound more like Marx than Rockefeller, it "reflects our right to set globalization's terms in our people's favor for once," Ramírez has told TIME. Critics say it also means a hyperpoliticized PDVSA, in which Ramírez demands employee allegiance to Chávez and his Bolivarian revolution...
...Central Bank under the President's control; and the creation of regional vice presidents. Provincial leaders like Ramón Martínez, Governor of eastern Sucre state and himself a socialist, consider the latter idea a lavish centralization of federal authority, as well as a betrayal of Chávez's Bolivarian Revolution (named for South America's 19th-century independence hero, Simon Bolivar). "This revolution was supposed to create more pluralism in Venezuela," says Martinez. "We don't want a megastate like the Soviet Union...
...mass of his support by portraying contests like this as martial resistance to the threat of yanqui imperialism. "This is a battle, a political war, an international conflict!" he shouted on the referendum campaign stump in Caracas this month. "The U.S. wants a Venezuela on its knees, but the Bolivarian Revolution will struggle until death...
...convenient symbol of colonial oppression for Chávez (besides his favorite, the U.S.) than the Spanish throne, which plundered South America for three centuries before it was thrown out in the 1800s by Venezuelan "Liberator" Simón Bolívar, the namesake of Chávez's Bolivarian Revolution...
...petrodollars in the form of infrastructure deals, bond buy-outs, and outright gifts. And yet, even for self-declared neo-socialists like the Venezuelan president, there is no such thing as a free lunch. With different degrees of support, all these leaders are involved in the “Bolivarian Alternative for the Americas,†conveniently named to equal the translation of “dawn†in Spanish (ALBA). The commodity of choice may change across the region from gas in Bolivia to farming in Argentina, but the reincarnation of Chavez’s Bolivarian economic...