Saturday, November 22, 2008

Communal Banks Receive big boost

Chavez's latest plan is to give a large sum of money to local banks to help the faltering economy around the world. By doing this Chavez may be helping out the banks in the short run but he is also going against a major principle of democracy which is a nation should have a weak central government. Bailing a country out in a time of need is a good plan with a lot of benefits but eventually the country will be too reliant on the government and lose the capitalistic structure that allows democracy to thrive.

No comments: