Hugo Chavez has ordered the nationalization of several large iron and steel companies in Venezuela, AFP reports. The president said the takeovers marked the start of a "process of nationalization to create an industrial complex." The move, which follows the nationalization of 39 oil service providers, would help build a "solid platform of socialism," Chavez said.
"Venezuelan workers are going to give a lesson to the world on how the working class has been resuscitated to make a revolution," Chavez declared to a group of industry workers. Police and soldiers, meanwhile, raided the home of the chief of an anti-government TV station the same day. They said they were investigating illegal car smuggling and found 24 vehicles at the suburban Caracas home.