Word: socialistic
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...leftist President Hugo Chávez won the coveted mayor's post in Caracas as well as governorships in three key states, bringing their total to five and prompting boasts that Chávez's popularity was waning following a failed 2007 bid to extend his presidency. Chávez's Socialist Party remained in control of 17 states, however, which his supporters said reaffirmed Venezuelans' confidence in his leadership...
...wonder if democratic capitalism might not be the best economic model after all." Americans, some contend, are only now waking up to the inherent dangers of the free market. As one Chinese blogger recently wrote: "The U.S. has realized the mistakes they made, and is learning from China's socialist experience in earnest." (See pictures of the global financial crisis...
...1970s it had run into a wall. State-owned firms drained the national budget while inflation soared. In came Margaret Thatcher, who launched a wide-scale privatization of the British economy. The market was back. "It was becoming obvious to people," Thatcher once said, "that the socialist way meant accepting decline...
...United Socialist Party (PSUV) did pick up 17 of 22 state governorships, including Chávez's home state of Barinas, on Venezuela's poor llanos, or plains, where the president's brother Adan held off a strong challenge from a breakaway Chávista candidate. The PSUV also took about two-thirds of the total national vote and kept the opposition from winning the seven or eight states it needed to stun Chávez. If the radical, anti-U.S. firebrand showed anything, it's that his red-beret power and popularity are relatively intact...
...Perhaps more troubling still, anti-Royal forces often accused the ex-presidential candidate of only wanting the PS leadership job to lock up the party's standard-bearing spot in the 2012 race to challenge President Nicolas Sarkozy. Though beaten narroely for the top Socialist post, Royal shouldn't be expected to knuckle under to Aubry's expectedly tight rule, nor cast off her 2012 presidential ambitions. (See pictures of Sarkozy's trip to London...