Hugo Chavez decides to roll back government takeovers in the private sector as the limited...

|By:, SA News Editor

Hugo Chavez decides to roll back government takeovers in the private sector as the limited supply of essentials such as milk, corn flour, and cement for citizens could hurt his chances for re-election in 2012. The erstwhile Marxist claims his "flexible" model of nationalization is working despite the 27% inflation and plunge in foreign direct investment that is being seen in the nation.