Post by: Ben on May 13, 2008, 04:51:56 AM
Chavez is the closest real life example of an "Atlas Shrugged" scenario that I've ever seen. Who knew Ayn Rand was writing a non-fiction text?
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http://news.bbc.co.uk/2/hi/business/7397326.stm
Venezuela takes over steel firm
President Hugo Chavez has signed a decree to nationalise Venezuela's biggest steelmaker, Ternium-Sidor.
Argentina's Techint, which owns 60% of it, has been given until the end of June to hand it over.
In the past two years the Venezuelan state has taken over foreign-controlled companies including cement, telecoms, oil, gas and electricity firms.
President Chavez threatened to nationalise the steelmaker after trade union talks broke down last month.
The workers wanted better pay and benefits.
Talks between the government and Techint broke down earlier this month when a price for the controlling stake could not be agreed.
Rodolfo Sanz, minister of basic industries and mining, has been appointed as the new president of Ternium-Sidor.
The government already owned 20% of the shares and had first threatened to take control of the company last year unless its owners agreed to sell more of its steel in Venezuela.
Post by: Sergeant Bob on May 13, 2008, 05:26:26 AM
Post by: El Tejon on May 13, 2008, 05:28:34 AM
I have seen calls to take the airline industry, oil industry and others "off the market". No question Obama will make a grab for everything he can.
Post by: Manedwolf on May 13, 2008, 07:19:22 AM
Maybe they could get Chavez to personally inspect it while they push buttons.
Post by: The Annoyed Man on May 13, 2008, 07:52:19 AM
Quote
Argentina's Techint, which owns 60% of it, has been given until the end of June to hand it over plant explosives in vital places on every plant.
There. Corrected it. If they have the balls to do it that is...
Post by: wideym on May 13, 2008, 06:57:08 PM
Post by: SomeKid on May 13, 2008, 08:59:05 PM
Chavez won't have to worry about the US trying to assasinate him if he keeps this up, a few pissed off mulitnational corporations who lost or are about to lose hundreds of millions of dollars when he nationalizes their factorys will do it for us.
Frankly, I am surprised it hasn't happened already. Or at the very least, destruction of the facility to screw Hugo. The utter cowardice and willingness to cut and run astounds me.
Post by: wmenorr67 on May 13, 2008, 09:01:41 PM
Post by: Scout26 on May 13, 2008, 09:03:20 PM
Post by: 209 on May 13, 2008, 09:09:57 PM
Post by: SomeKid on May 14, 2008, 09:32:53 AM
Wow I acutually agree with SomeKid on something.
How does it feel to actually be correct?
Post by: The Annoyed Man on May 14, 2008, 11:07:45 AM
Post by: Sergeant Bob on May 14, 2008, 02:28:37 PM
Neither communism nor dictators are new to South America. I'm surprised anybody is surprised about this. At least Reagan had the balls to confront it. Unlike some Presidents.
Well, we're surprised that you're surprised that we're surprised because, we're not really surprised at all.
Surprised?
Post by: wmenorr67 on May 14, 2008, 07:55:51 PM
Wow I acutually agree with SomeKid on something.
How does it feel to actually be correct?
Actually wondering that about you. I am correct quite a bit of the time. This just happens to be the first time you were correct first.
Post by: SomeKid on May 14, 2008, 07:58:02 PM
Wow I acutually agree with SomeKid on something.
How does it feel to actually be correct?
Actually wondering that about you. I am correct quite a bit of the time. This just happens to be the first time you were correct first.
I see I still have much work to do, correcting all your incorrectness. Oh well.
