'Capitalism Needs To Go Down'

This should be music to the ears of Comrade Obama.

Venezuelan President Hugo Chavez ridiculed the G-20 summit's attempts to deal with the global financial meltdown, saying capitalism is in crisis and "has to end."

Speaking to Venezuelan state television late Thursday, Chavez said the United States and Britain are "the most guilty" for the financial crisis sweeping the globe because of the financial model "they've been imposing for years."

"It's impossible that capitalism can regulate the monster that is the world financial system, it's impossible," 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."

He need not worry. We're well on our way there.