While capitalist governments around the world have responded to the freezing up of the capitalist financial system by turning trillions of dollars of public funds over to bankrupt bankers, the revolutionary government of Venezuelan socialist President Hugo Chavez has continued to take steps to redistribute wealth to Venezuela’s working people.

If you listen to capitalist economists, media commentators or major party politicians, two things you will always find treated with reverence are private property and free markets. These, we are told, are essential not only to economic progress but even to “democracy” and “freedom”. US presidents have used these holy concepts as justification for threatening, or launching, wars.