Wednesday, July 05, 2006

Who owns Bolivia?


"Morales’ nationalization of Bolivia’s oil and gas fields sent shock waves through the international community. During his campaign, Morales made clear his intention to increase state control over national gas and oil. But he had made it equally clear that he did not intend to expropriate the property of energy firms – he wanted foreign investors to stay. (Nationalization does not, of course, necessarily mean expropriation without appropriate compensation.) Perhaps surprising for modern politicians, Morales took his words seriously."

(...)

"Morales’ actions are widely supported by Bolivians, who see the so-called privatizations (or “capitalizations”) under former President Gonzalo “Goni” Sanchez de Lozada as a rip-off: Bolivia received only 18% of the proceeds! Bolivians wonder why investments of some $3 billion should entitle foreign investors to 82% of the country’s vast gas reserves, now estimated to be worth $250 billion. While there has not yet been full disclosure of returns, or an audit of the true value of investments, it appears that investors would, at the old terms, have recouped all their money within just four years."

(...)

"Moreover, many deals were apparently done in secret by previous governments – and apparently without the approval of Congress. Indeed, because Bolivia’s Constitution requires the approval of Congress for such sales, it isn’t clear that Morales is nationalizing anything: the assets were never properly sold. When a country is robbed of a national art treasure, we don’t call its return “re-nationalization,” because it belonged to the country all along."

2 comments:

Anonymous said...

ora aqui está o primeiro artigo verdadeiramente isento que já li até ao momento sobre este assunto.

Anonymous said...

e agora, algo completamente diferente:

http://www.youtube.com/watch?v=yfrQalpmdqk&search=democracy%20despotism

onde se fala em despotismo ou democracia. está interesssante.