South America

Socialist government seizes factories


Jarrod Sierocki

Protesters in the streets of Caracas, Venezuela, sang and threw tear gas canisters back at police as they faced a cloud of smoke and gas on April 20. Demonstrations resumed on Thursday following large-scale protests the previous day in which at least three people were killed, according to reports. Anti-government protests surged in Venezuela after the Supreme Court decided to strip power from the opposition-controlled National Assembly in March. That decision was reversed three days later. In a separate move, Venezuela’s comptroller banned opposition leader Henrique Capriles from holding political office for 15 years, fueling additional outrage in the country. Opposition politicians claim that President Nicholas Maduro engaging in a coup and deliberately stalling elections. Credit: Juan Andres Mejia via Storyful

A security guard stands behind a fence at the General Motors assembly plant in Valencia, Venezuela. GM says it has halted operations in Venezuela after authorities seized

Read the full article at: http://www.news.com.au/finance/economy/world-economy/venezuela-seizes-general-motors-factory/news-story/dfdf501bcf9aa29361f88ec2c7d20742

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