It looks obvious

Chávez might calls his policy:

Venezuelan President Hugo Chávez took a big step toward what he calls "21st-century socialism" by vowing to nationalize the country’s biggest telecommunications and electricity companies, both controlled by U.S. firms. He also said he would throw out the country’s commercial code and strip the central bank of all remaining traces of its autonomy.

but it sound very much like old school communism to me.  Once again we are going to observe the rubbery in the name of "needs"  and its devastating results.

Technorati Tags: Socialism - Venezuela - Communism