27/01/2010

Political will and economic solidity leave behind rentier model

Caracas, Jan 28. ABN.- The political will showed by the Bolivarian Government in a decade of administration and the solidity of Venezuelan economy, which has survived the strikes of opposition's destabilization attempts and the crisis of the capitalism, will make possible for the country to leave behind the oil rentier model.

“Venezuela has today tools as international reserves, Government's and people's political will and disposition to transform this crisis of the capitalism into an opportunity to overcome the oil rentier model,” stated the Vice President of Venezuela Elias Jaua.

During the First Productive Encounter of the Socialist Productive Bicentenary Fund, Jaua said that the sustained economic growth in 33 consecutive trimesters; an unemployment rate under 7%; and one of the highest minimum wages in Latin America, are proves of the pertinent State policy to transform Venezuela into a productive society.

However, Jaua explained that the world crisis of the capitalism resulted in an economic slow down in the country, which forced the State to adopt some adjustments in the social and economic policies, but always determined to keep the productive impetus and employment rates.

Furthermore, the Vice President of Venezuela underscored that the policies to boost the financial system adopted since 10 years ago in the country are an evidence of the political will showed by the Government to work jointly with the productive sectors at any level.

In this regard, Jaua pointed out that Venezuelans should not be confused with said opportunities. People should not bet on a growth model based on the accumulation of capital and deepening social inequities.