VIO News Blog

September 24, 2008

Venezuelan Local Election Campaigns Begin as Latin American Leaders Discuss Global Economy

Campaigning for local elections began yesterday in Venezuela. According to the AP, the mayoral and gubernatorial races will be “a key test” for the political party of President Chavez (the PSUV) and for opposition groups. A war of words has already begun, with opposition leaders claiming that it is unfair for the government to have “exclusive use” of state television, even though most private networks are staunchly anti-Chavez. Meanwhile, the Caracas mayoral candidate Jorge Rodriguez appealed to the opposition to “Leave behind the violent behavior.” Voting will take place on November 23rd.

In China yesterday, President Chavez promised to raise Venezuelan exports to the fast-growing country to 1 million barrels a day by 2012, according to the AP. Reuters reports that a preexisting joint development fund between China and Venezuela will be doubled to reach $12 billion, and that the countries will create two joint oil refineries. Forbes claims that these economic ties are spurred by Venezuela’s supposed desire to “cozy up to left-leaning rivals of the United States,” though the US certainly does more trade each year with China than Venezuela does.

The trial of Venezuelan businessmen accused by the US government as acting as unregistered foreign agents continues in Florida. The BBC and AP report that one of the accused men, who have plead guilty, now says that the funds in question totaled $4.2 million. US prosecutors refuse to see the trial as a politically motivated move by the US against Venezuela, though experts point out that the circumstances are suspect and that no similar trial would likely be brought against any other country in the region.

At the UN Summit in New York, Latin American leaders from many countries decried government bailouts in the US and expressed fears about the volatile “casino” economy of the northern nation, according to the Miami Herald. “We must not allow the burden of boundless greed of a few to be shouldered by all… The economy is too serious an undertaking to be left in the hands of speculators. Ethics must also apply to the economy,” said Brazilian President Lula da Silva. Meanwhile, Cristina Fernandez of Argentina lamented the fact that “In South America, they told us that the market would solve everything.”

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