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2006-05-03 Caribbean-Latin America
Bolivia Plans to Nationalize More Sectors
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Posted by Steve White 2006-05-03 00:02|| || Front Page|| [11130 views since 2007-05-07]  Top

#1 Popcorn...get yer popcorn here! Piping hot...hey bud - you got something smaller? I just started...
Posted by Rex Mundi 2006-05-03 02:40||   2006-05-03 02:40|| Front Page Top

#2 Socialism 100 million dead and counting. All I can say is good luck hanging out with those 2 success stories Castro and Chavez.

Even Brazil isn't that looney.
Posted by SPoD 2006-05-03 03:47|| http://sockpuppetofdoom.blogspot.com/]">[http://sockpuppetofdoom.blogspot.com/]  2006-05-03 03:47|| Front Page Top

#3 Morales is from the ranks of cocaine growers,
He could have every other industry in his country fail and still make oodles out of coke.
Posted by 3dc 2006-05-03 04:10||   2006-05-03 04:10|| Front Page Top

#4 Morales is nationalizing oil and gas wells who are basically in the hands of a Spanish company.. quite unconvenient for his Friend Zapatero.

Also that oil company is backing a psrt of a dirty scheme (not because it is Zapatero but because there have been irregular things during all the operation) the aimed at putting a Spoanish electric company in the hands of a company controlled by friends of Zapatero and by a bank who has "forgotten" to ask the socialist party to refund its debts. Now the oil company will be starved of cash for supporting Zapatero's bright scheme.... All due to Zapatero's friend Morales...
Posted by JFM">JFM  2006-05-03 06:57||   2006-05-03 06:57|| Front Page Top

#5 It worked so well for Chavez too. Really. That is why his oil system is crumbling and he is going to western countries to hire specialists to keep total failure away. Keep it up Morales.
Posted by DarthVader 2006-05-03 07:54||   2006-05-03 07:54|| Front Page Top

#6 JFM: I could mention that Brazil is getting screwed over on this scheme too.

You know, Brazil, the guys who sent Chavez oil when PDVSA was on strike and he didn't have any of his own under production?
Posted by Abdominal Snowman 2006-05-03 09:51||   2006-05-03 09:51|| Front Page Top

#7 Isn't this like the 20th time that some country is going to try to get socialism to work?

I still remember a cranky old prof I had who memorably asked us, "If the East Germans couldn't get it to work, who the hell could?"
Posted by Desert Blondie 2006-05-03 09:54|| http://azjetsetchick.blogspot.com]">[http://azjetsetchick.blogspot.com]  2006-05-03 09:54|| Front Page Top

#8 lol, DB! Gotta wonder where you went to school to see a Prof. spouting such stuff as that!
Posted by BA 2006-05-03 09:59||   2006-05-03 09:59|| Front Page Top

#9 As the Myrmicologist observed:
"Wonderful theory. Wrong species."
Posted by mojo">mojo  2006-05-03 10:19||   2006-05-03 10:19|| Front Page Top

#10 Source of Funding for American Aid to Bolivia
The Administration has requested more than $150 million in assistance for Bolivia in Fiscal Year 2004.
In Fiscal Year 2003, the U.S. provided Bolivia with approximately $170 million in assistance

That's about 5% of the government's budget. Cut them off. Let's see how fast Morales destroys the mining and agricultural sectors, or how much gas they can export through hostile Chile and Peru.
Posted by ed 2006-05-03 10:35||   2006-05-03 10:35|| Front Page Top

#11 Looks like trouble for the US and Columbia. South America is headed back for the bad old days when everybody fights everyone else. South American don't play by Western rules when they fight. At one time Paraguay was fighting Argentina, Brazil, and Uraguay and suffered, depending on whose history you believe, 50% to 90% of its population.
Posted by RWV 2006-05-03 11:22||   2006-05-03 11:22|| Front Page Top

#12 headed back for the bad old days
seems to be a widespread theme or meme.
Whether it's 1892, 1492 or 1292, a drive backward seems to be in effect.
Posted by jim#6 2006-05-03 11:34||   2006-05-03 11:34|| Front Page Top

#13 They are probably looking at our AMTRAC system as an example.
Posted by Besoeker 2006-05-03 11:54||   2006-05-03 11:54|| Front Page Top

#14 Striving for that Mugabe moment!
Posted by 3dc 2006-05-03 16:18||   2006-05-03 16:18|| Front Page Top

#15 From the Bolivian American chamber of commerce web site:

DFI has grown from US$ 169 million in 1992, when it represented 45% of private investment and 18.4% of total investment in Bolivia, to reach a figure nearing US$ 1,000 million in 1999.

And approaching ZERO in 2007.
Posted by DMFD 2006-05-03 23:16||   2006-05-03 23:16|| Front Page Top

#16 Sorry - DFI = Direct Foreign Investment
Posted by DMFD 2006-05-03 23:16||   2006-05-03 23:16|| Front Page Top

#17 Actually, zero may be optimistic - Did you account for capital flight or repatriation?
Posted by Whong Whoting4646 2006-05-03 23:28||   2006-05-03 23:28|| Front Page Top

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