medea benjamin

Venezuela's vision - ALBA takes Latin America in a new direction

by Medea Benjamin

The sixth conference of the Latin American alternative trade alliance known as ALBA-which stands for the Bolivarian Alternative for the Americas and means “Dawn” in Spanish-was held in Caracas on January 25-26. The brainchild of Hugo Chavez and Fidel Castro, ALBA was founded by Cuba and Venezuela in 2004 as a fair trade alternative to US-backed free trade policies and is made possible thanks to Venezuela’s oil money.