Jerry Haar
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Venezuela returns to corrupt and inefficient state companies, but oil will help soften the blow. BY CHRONICLE STAFFVenezuela is building 21st Century Socialism, says President Hugo Chavez, who recently was re-elected for a new five-year term. However, it is using a formula from the 20th Century – the failed state enterprises that dominated Venezuela and Latin America in the 1970s. In the en…
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