Carlos Henrique Blohm, President of Venamcham

The private sector offers 80% of the productive job posts

During the opening of the 2010 Economic Perspectives event, Carlos Henrique Blohm, president of Venamcham, affirmed that private corporations are necessary for efficient production, timely supply and the offer of effective jobs.

“Even today, the sector offers 80% of the effective job posts and contributes more than half of the income of the national budget. Private corporations are respectful of the labor legislation and, according to data supplied by the unions, only 14% of all labor conflicts took place in private corporations”.

With respect to the upcoming sixtieth anniversary of Venamcham – on November 2010 – and particularly the of the 50s, it was noted that during this time, Venezuela was the biggest oil exporter in the world and had the fifth per capita income. Nowadays, several Latin American countries have surpassed our average level of living, all of them promoted by safe legal and individual environments that have attracted private local and foreign investment and has been vigorously growing for decades. “Venamacham's 60th anniversary allows us to analyze the necessary conditions to put Venezuela back on the road of prosperity”.   

“This fact gives us a reason to continue demanding respect for private property. Twenty eight Venamcham member companies have been expropriated and only six have been compensated for their surrendered assets. We want justice to be made, with the applicable and enforceable laws and treaties”.

He made reference to the amendment of the Defense Law of Persons in the Access to Goods and Services (“Ley de Defensa de las Personas en el Acceso a los Bienes y Servicios”) –Indepabis- approved in its second discussion and declared that it is “the most recent assault against private property because now, all goods and services, in all stages of the productive chain, are deemed to be of public utility, which severely damages the constitutional guarantee to private property”.

“Respect for the rule of law is also fundamental: the enforcement of the Constitution, transparent and studied laws, institutions to enforce them, separation of powers, as well as mechanisms to mutually limit the actions executed by each of the powers. There cannot be respect for the rule of law if another fundamental law, such as freedom of speech, is also violated”.

“Our technical and economical proposals contain ideas to lay bridges with the public sector, in order to jointly guarantee supply at competitive prices and quality, attract private investment, offer more productive jobs and contribute to the creation of prosperity for all”.

Further, he recalled that the relations between the US and Venezuela have existed since 1810, when illustrious Venezuelans followed the footsteps of the 1776 American Revolution, to become independent from the Spanish empire. These historical and cultural relations have become consolidated through economic ties that have made the US the principal source of income of the country and the main provider of our imports.