By Mike Locker and Dave Hancock

Venezuela is currently attempting to break the iron grip of the United States and the multinational corporations that continue to play a dominant role in its economy. The long term goal is to create an alternative international system that promotes social development over profit promotes productive sovereignty and bilateral cooperation over the short sighted demands of international finance. In order to shift the global balance of power and fuel the economic development of Venezuela in the interests of its own people, Chavez seeks to forge strong international ties with other developing nations to secure the necessary capital, technology and expertise traditionally provided by the multinational corporations and institutions he is looking to neutralize. Venezuela’s growing strategic relationship with China is but one example of this emerging trend. Moving in this direction, China and Venezuela have recently announced the signing of at least eight major agreements in (more...)

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