Skip to Content

Coke Zero no mas in Venezuela

More
Text SizeAAA

Filed under: Food, Ripoffs and Scams

What does Venezuelan President Hugo Chavez want this time? And why has Coca-Cola become his favorite whipping boy?

For the third time in three years, the Venezuelan government has unloaded on the company, this time banning Coke Zero due to unspecified "dangers to health." The soft drink, produced by Coca-Cola Femsa, uses aspartame and acesulfame-K as sweeteners.

In 2003, national guard troops took over local Coke plants after Chavez complained that the company was helping forment a public strike when workers walked off the job in support of the opposition.

In 2006, more than 10,000 former employees of Femsa's Venezuelan operations blockaded 75 plants and warehouses demanding $2.3 million in pension payments they believed the company owned them. Current employees also joined the action to protest further job cuts.

The protests followed after Chavez's government backing the pension claim and threatening to nationalize the company's operations in Venezuela.



In March, the mayor of Caracas announced that Coca-Cola had agreed (been forced to?) to relocate a distribution center to free up land on which the government will build new housing as part of "the new socialist communities and establishment of communes." Chavez had publicly announced that the company had two weeks to vacate the premises. There are many who claim the sweeteners in Coke Zero have negative health consequences, but whenever the Venezuelan government pops the cap off of the company's business, it's political. Follow the politics behind this action and ask yourself "What does Hugo want now?" Perhaps he's following Kim Jong Il's lead in testing Obama's resolve.
Subscribe to Walletpop

Reader Comments (Page 1 of 6)

Your Frugal Tips

dollar bill in sandwichBeing frugal is now hip, but many don't even know where to start. Share your best money-saving secrets here!

    Readers' Choice Winners for Best in Winter Travel
    Votes have been cast for Best Ski Hotel, Best International Ski Destination, Best Caribbean Cruise ...
    Readers' Choice Awards for Best in Sweets
    Is there a maker of fine chocolate candy that makes your mouth water just thinking about it? Who ...

    Megan Cottrell
    Megan Cottrell Filed under: Money College, Food, Saving Money, Health

    Money College: Dump the 'Freshman 15' and fatten your wallet

    It's sophomore year, and suddenly you're finding that your jeans don't fit like they used to? You're not alone. Although so-called "freshman 15" is an exaggeration, most students gain weight in ...
    Aaron Crowe
    Aaron Crowe Filed under: Career

    Help Barbie land her next job

    Barbie is looking for a new job, and she's exploring several options: surgeon, architect, computer engineer, news anchor, and environmentalist. Barbie's latest career move will be decided by an ...
    Josh Smith
    Josh Smith Filed under: Bargains, Shopping, Economizer

    Lovers giving less this Valentine's Day

    A new survey of by PayPal confirms that people are spending less on each other this year than they did before the economy took a crash but that doesn't mean they have stopped giving gifts altogether. ...
    Bonnie McCarthy
    Bonnie McCarthy Filed under: Family Money, Shopping, Fantastic Freebies, As Seen on TV

    Man-up: Free pants from Dockers

    Where I come from, traipsing around in underwear that possesses only a memory of elastic is referred to as doing the walk of shame. But maybe that's just me. In a message that manages to channel both ...

    AOL Safety and Security

    See how we're working to help protect our members and improve their online experience:

    Headlines from WalletPop Partners