Question

Venezuelan President Hugo Chavez believed in all of the following aspects except:

A) nationalization of international companies.
B) imposition of currency controls.
C) free-market economic policies.
D) capitalism is a structural crisis.
E) energy pact known as Petrocribe.

Answer 1

Hugo Chavez did not believe in free-market economic policies; his presidency was characterized by nationalization and socialist ideology contrary to free markets.

Step-by-step explanation:

Venezuelan President Hugo Chavez believed in several aspects to improve Venezuela, except for C) free-market economic policies. Chavez's regime was characterized by the nationalization of international companies, imposition of currency controls, and criticism of capitalism, seeing it as a structural crisis. The energy pact known as Petrocaribe was another component of his policies, seeking solidarity among oil-producing nations. Hugo Chavez and his successor, Nicolás Maduro, followed a socialist ideology and opposed neoliberalism, which promotes free markets and liberalized trade.