It is of paramount importance to note that although Venezuela is not a socialist state, it has elements that are associated with socialist state. The president wants the government to take total control of the running of all the major companies in the country.

Most of the companies that act as the backbone of the country’s economy are already under state management. In addition, that provide basic needs for the people of Venezuela have been taken by the state. This means that the government has control on the prices of basic commodities that are needed by the people. On the other hand, workers have been in the forefront in the fight of the rights of the common people of Venezuela.

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