Chavez: Capitalism needs to 'go down'

By
April 3, 2009 12:58

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Venezuelan President Hugo Chavez railed against the G-20 summit held in London to deal with the financial crisis, saying that the "values of capitalism are in crisis," and capitalism "has to end." Speaking to Venezuelan state television late Thursday, Chavez said the United States and England are "the most guilty" for the financial crisis sweeping the globe because of the financial model "they've been imposing for years." "It's impossible that capitalism can regulate the monster that is the world financial system, it's impossible," Chavez said. "Capitalism needs to go down. It has to end. And we must take a transitional road to a new model that we call socialism." Chavez belittled the G-20 summit's efforts, and said the International Monetary Fund must be eliminated. The Venezuelan leader's comments came during a trip to Iran.

Related Content

Antiquities are unwrapped as thousands of priceless antiques from across war-ravaged Syria are gathe
August 19, 2018
India’s looted past and terrorism funding

By MAYA MARGIT/THE MEDIA LINE