Venezuela's future?

Quasi-Libertarian approves of Chavez's new monetary policy.--As skeptical as I am about the ability to effectively deal with monetary policy centrally, there is a legitimate case that Chavez is making the right call. Will it have consequences and costs? You bet'cha. But it may be necessary and the best move in Venezuela's economic climate.
But what about this?
When Chavez says, “There is no reason for anybody to be raising prices,” he said, calling on citizens to “publicly denounce the speculator” and promising to “take over any business, of any size, that plays the bourgeoisie speculation game.” He is destroying the essence of capitalism, entrepreneurs, risk-takers, and profits. He will destroy the country's economy; the only question will be 'how long will it take him to do so?"
His 21st Century Socialism, is no different than the older versions. He is a tyrant, an enemy of profits, and therefore an enemy of prosperity. It is actually a compliment to President Obama, that Chavez called him the devil, like he did to Bush.