costa rica earthquakes history
Hugo Chavez of Venezuela and Evo Morales of Bolivia have been very busy commandeering and nationalizing foreign assets in the name of the people. Basically they are stealing from companies and foreign investors that have come into their country and agreed to work there, hire workers, provide jobs, tax base, and income to those countries. Now they’re being thrown out and all their assets are being taken.
Unfortunately, this is spreading throughout the region in both Central and South America. Hugo Chavez of Venezuela has been very busy with a little group he calls ALBA. So far it has members like Nicaragua, Ecuador, tuba, Argentina, Bolivia, and Venezuela. He is also trying to get Honduras, Peru, and costa rica on board. Now it appears all of these nations are moving themselves towards a socialistic/communistic group of nation-states. In the last round of problems Ecuador is now nationalizing oil and mining companies, just like Bolivia and Venezuela have.
This is causing a real problem with foreign investment in those nations and with the World Bank. If nations will not keep up with their responsibilities and contracts they cannot be trusted. These countries are basically sticking their middle fingers up at the rest of the world saying we don’t need you anymore. Unfortunately, this is not true and it will end up hurting all the people that live in all these nations.
You see, when a government nationalizes mining and oil assets generally it brings the same type of bureaucracy that runs the government into what was once a free-market enterprise. It expects the same amount of profit that those foreign enterprises were producing to help pay for all the promises it has made to its people. This is impossible because a bureaucracy cannot run for profit free enterprise business at the same level of efficiency.
Plus, what happens is the state fails in these businesses it has taken over, does not turn a profit, has no money for the people and it implodes. The people are left with a government that isn’t working and then have to take over the government and that means a civil war. What is really unfortunate is that the rest of the world is left to be dealt with the humanitarian crisis and humanitarian issues in the aftermath of the failed government.
You have to feel sorry for the people who live in Cuba, Venezuela, Ecuador, Bolivia, Argentina, Nicaragua, and whatever country he is naive enough to join ALBA next. Please consider all this.
Lance Winslow – Lance Winslow’s Bio. Lance Winslow is also Founder of the Car Wash Guys, a cool little Franchise Company; http://www.carwashguys.com/history/founder.html/.