A General Motors plant has been seized by the Venezuelan government after producing goods for nearly seven decades, reports

General Motors Venezolana (GMV) has ceased all production in Venezuela after a plant was seized in Valencia on Wednesday afternoon.

A court in the state of Zulia imposed an embargo on the company’s assets.

GMV said that it’s associated bank accounts had also been seized, meaning that the company was unable to pay workers.

“GMV is taking all legal measures within its reach in order to protect the rights of its workers and their property,” GMV said in a statement while calling the seizure “improper, absurd, outside of legal logic and due process.”

The plant seized by Venezuela was reportedly GM’s only plant in the country. (Image via Xinhua)

Venezuela has been in political turmoil for years as the United Socialist Party (PSUV) has been in power for 18 years.

On one side are the militia and socialists, those that praise Hugo Chavez and his successor, Nicolas Maduro. They claim that these two men are the reason that inequality has been reduced in Venezuela, and for helping people out of poverty.

The people against the PSUV claim that since the party came to power in 1999, it has taken away the democratic freedom of its citizens, mismanaged the economy, becoming elitist and exploiting the poor to fill their own pockets.

Opposition supporters were enraged by the 15-year ban from public office imposed on Henrique Capriles, the opposition leader.

Recently, there have been intense protests in Venezuela against the country’s ‘dictator-like’ president.

Sources:
BBC
Breitbart
Featured Image via ABC

  • Dante Alighieri

    So what, Trump can demand equal treatment but Venezuela can’t? Yes, they are market idiots, but that is separate issue.

    You’ve become tiresome. We & our corporations exploit both right & left Sovereign Thugs. And as a consumer so I do.

    At least I acknowledge my sins. “Ignosce me

    D—

  • Dante Alighieri

    Recently, there have been intense protests in Venezuela against the country’s ‘dictator-like’ president.

    We have exploited them for 200 years. And now we complain?

    Imagine if Columbia took over Kent. Milo, how patient would you be then? How magnanimous & Jesus-like patient would you be?

    Never an answer. To be expected

    Alors, plus ça change… —D

    • Shamednomore

      Does Venezuela have and culpability or is whitey to blame for it all as always. Must be sad for you see that one after another, socialist countries fail.

      • Dante Alighieri

        your’re right i am a socialist.

        but at least i know first hand that it doesn’t work.

        it’s like jesus, you believe in him— but you know he’s wrong.

        • Chris Richardson

          So you admit socialism doesn’t work yet you’re a socialist. Do I really need to say more?

          • Dante Alighieri

            just cuz you dont have the answer, doesnt mean youve abandoned the question.

            profound, yet not profound. Wow, how does he do it.

          • Dante Alighieri

            Milo himself said life is messy and complicated. All men are hypocrites who spend a lifetime trying to get rid of contradictions. Glad to know you’re perfect.

      • Rusty Shackleford

        What do you mean? Of course they can blame whitey.
        White foreigners for draining the country’s money.
        White western countries for exploiting their economy.

    • SkepticalQuery

      It’ll be interesting to see how much better off Venezuela is, now that it no longer has to suffer under the brutal reins of the likes of General Motors.

  • Jimmy Carter

    Ha ha the heck with Venezuela… This just helps “Made in America” and will bring those jobs back home. Nobody needs socialist Venezuela…

  • Lotsa Snuggs

    and what does bernie have to say about this? sean penn? anyone?