You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Reply #1: Chavez sometimes pays - what he wants [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Places » Latin America Donate to DU
social_critic Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-22-11 08:36 AM
Response to Original message
1. Chavez sometimes pays - what he wants
The record shows the Venezuelan government pays, sometimes. And when it pays it pays what it wants, unless a foreign government leans on Venezuela.

This of course is what cuts off foreign investment in Venezuela. Did you notice Repsol and ENI announced a huge gas discovery a while back, and nothing has been done to develop the find? Even though Venezuela imports gas from Colombia? The two companies find themselves unable to invest as long as the government is behaving as it is and fails to provide the guarantees against nationalization they would need.

The lack of investment is of course one of the reasons why the Venezuelan economy is in frank decay - in the end, the country will be poor and its middle class will flee. Another Uganda.
Printer Friendly | Permalink |  | Top

Home » Discuss » Places » Latin America Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC