Too Crazy to Fail

The governments of Iran and Venezuela have joined forces to create a joint bank aimed at promoting their exports, Reason’s Hit and Run blog reports.

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At the ribbon-cutting in Tehran, Venezuela’s leftist strongman Hugo Chavez said, “Capitalism needs to go down. It has to end. And we must take a transitional road to a new model that we call socialism.” Chavez, is the South American leader who allows Islamist terrorist groups to operate out of his country. We profiled Hugo Chavez and his liberal American friends in the March 2008 issue of Organization Trends.