- 05 Aug 2012 05:36
#14023726
And thats the WORST you can think of? Its a terrible terrible shame that Bolivian natural resources are not being exploited by foreign corporations in the name of bigger profits. Because that's the only thing those companies care about, as history shows. Multinationals dont really give a shit about making Bolivia a better country, thats not their bottom line. And besides, nationalization of country's oil and gas supplies is nothing new. Brazil has done so long ago (I don't see your criticism of Petrobras for that matter!), and many Latin American countries have followed suit. Including Argentina. Multinationals have been known to cause gross environmental violations (Ecuador???), sometimes were involved in bribing officials and heavily associated with corruption. Bolivia used to let foreigners control their oil and gas, and their gas was so cheap that Brazil had no need to develop its own gas fields. Well, now the party is over. No longer does Bolivia want to be a cheap and easy way to make money on behalf of keeping its people poor. The politicians that allowed the country to be abused and used by multinationals are out of the office, and their terrible legacy is gradually being reversed.
Social_Critic wrote:Tell you about the terrible decisions he made? He tried to nationalize the national petroleum industry, influenced by Chavez. But Bolivia isn'tt Venezuela and the multinationals were in no mood to allow land locked gas prone Bolivia to dictate terms the way Venezuela did, so they refused the deal offered by Morales. The end result was that Morales had to back off, but in the process he paralyzed the industry for several years, and also killed the evolving export market towards Brazil. Petrobras had been a large investor in Bolivia, and there were plans to export large quantities of natural gas to Brazil. Seeing the legal insecurity in Bolivia as Morales tried to copy the Chavez model, Petrobras backed off, and made plans to develop its own gas, which they did. So today Bolivia sits on its natural gas and can't export nearly as much as it could have.
Other mistakes? Bolivia is sitting on the world's largest lithium reserves, but they are unable to develop these because the Morales regime doesn't have the foggiest idea of how to bring in foreign investors. So they sign all sorts of stupid study agreements and don't proceed using a rational approach. I don't have the space here to describe a rational approach but I doubt there are many who do understand how this is done - and if the Morales government wants to do it right all they have to do is hire people who will tell them how it's done. Thus far they seem to think they can hire Mayan priests and a couple of guys from Belarus who used to work in the Soviet weapons industry to give them tips.
Those are two glaring examples I can give in areas in which I happen to be an expert, so i sit here and laugh watching those clowns making the dumbest moves they can make. My guess is that by next year we'll see Morales ask the Chinese to install a plant of China Cola or he'll get somebody to use the existing Coca Cola facilities to bottle something they'll call "Iyitapunti-Cola" or some bullshit like that.
And thats the WORST you can think of? Its a terrible terrible shame that Bolivian natural resources are not being exploited by foreign corporations in the name of bigger profits. Because that's the only thing those companies care about, as history shows. Multinationals dont really give a shit about making Bolivia a better country, thats not their bottom line. And besides, nationalization of country's oil and gas supplies is nothing new. Brazil has done so long ago (I don't see your criticism of Petrobras for that matter!), and many Latin American countries have followed suit. Including Argentina. Multinationals have been known to cause gross environmental violations (Ecuador???), sometimes were involved in bribing officials and heavily associated with corruption. Bolivia used to let foreigners control their oil and gas, and their gas was so cheap that Brazil had no need to develop its own gas fields. Well, now the party is over. No longer does Bolivia want to be a cheap and easy way to make money on behalf of keeping its people poor. The politicians that allowed the country to be abused and used by multinationals are out of the office, and their terrible legacy is gradually being reversed.