Posted on 04/10/2007 3:27:28 AM PDT by Kitten Festival
Today began the tender by the Venezuelan Government for all of the shares of two well run companies, Electricidad de Caracas and CANTV. By May 8th. these two companies will become Government owned, will begin to deteriorate and will be a burden on the Government's finances. Thus in a country with huge crime rates, poverty rates at 40%, a failed state health system, malnutrition and all sorts of problems, ideology domiantes reality and the Government will spend some US$ 3 billion in purchasing two companies it does not need (That is $ 120 per citizen). Meanwhile, the prison observatory reports that the institute that trains people to run the prison system is being shut down, at the same time that the number of prisoners is increasing rapidly and that deaths at prisons are running at one a day. Funny, no? Makes you wonder how priorities are set by the revolution. Well, we know, it is what Fabre called Government by witticism, that of the autocrat.
So, Chavez woke up one day and decided to "nationalize" CANTV and Electricidad de Caracas, just because he felt like it. The Ministers scrambled and explained to him that Venezuela has lost all arbitration cases in international Courts, owns CITGO in the US and the Government could not "nationalize" anything without creating problems all over the place. So, the Government negotiated a high price for Electricidad de Caracas and a cheap price for CANTV, the latter indicating Verizon wanted to get out of here as fast as possible. Funny thing was, the Government ended up paying less that Mexican Carlos Slim was willing to pay for CANTV, about 18% less. Who gets hurt?
(Excerpt) Read more at blogs.salon.com ...
‘ideology dominates reality “ - actually, ideology does not </b>dominate</b> reality, but displaces it and becomes the reality in its own right, at least in the benighted brains... excuse me, colons... of the leadeship and their lackeys. Who hasn’t observed this very phenomenon with all the management fads from “total quality management” to “sigma six”?
Hey, he’s on the 40 year path to a thriving low power rice cooker industry, just like his hero Fidel RIH.
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