Hugo Chavez: "Capitalism Needs to go Down"

TEHRAN, Iran – Venezuelan President Hugo Chavez ridiculed the G-20 summit's attempts to deal with the global financial meltdown, 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 Britain 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."

The Venezuelan leader's comments came during a trip to Iran. In recent years, Chavez and Iran's hard-line President Mahmoud Ahmadinejad — both well-known for their anti-U.S. rhetoric — have boosted economic and political ties.

Source: Yahoo! News

Hat Tip: Drudge Report

Sounds like the leaders of Venezuela and Iran are are lockstep with the lefties in Europe who are protesting the G20 Summit, as demonstrated in this video:



And we need to consider that even if the progressives in America bristle at being called socialist...they have certainly allied themselves with the socialists in Europe:

The Global Progressive Forum (GPF) is a common initiative of the Party of European Socialists along with its political group in the European Parliament, and the Socialists International. The GPF sprang up from the success of the first World Social Forum held in January 2001 in Porto Alegre, in Brazil. The Global Progressive Forum aims to bring together a diversity of peoples from Africa, Europe, Asia, the Middle East, India, and Latin America to discuss and propose alternatives to the negative aspects of the current globalization process which specifically affects the developing world.
As the G-20 wraps up in London, another global forum is about to get underway in Brussels. The Global Progressive Forum (GPF) will bring together progressive politicians, trade unionists, NGOs, academics and figures from major international institutions from five continents to develop a new vision of a globalized world which benefits all of humanity not just a select few. The GPF will take place in the European Parliament and will be opened by former US President Bill Clinton.

The Global Progressive Forum will feature debates and discussions on the issues of global governance, trade, financial markets, fair labour markets, migration and climate change, all aimed at coordinating global answers to the multitude of global crises that we face.

Source: MyDD

Related: The Global Progressive Forum

We should be cognizant of who the real enemies of freedom and capitalism are, and it is sad that many of them have been operating within our system for decades with the express goal of bringing it down. Now, many of them have the reigns of power and the damage they will do will make FDR look like a piker...