Maybe a vast audience which otherwise might never have been introduced to it is now seeing the "benefits" of socialism.
http://money.cnn.com/2017/04/20/news/gm-venezuela-plant-seized/
CNN has the story now too.
I’m shocked, shocked, I say! A socialist government seizing the private property of a crony-capitalist company. How could that happen to a company that was bailed out by its own government in its own corrupt takeover that stiffed the legitimate claimants on the old GM’s assets? That’s a shame.
Note: I swore never again to buy or even rent a GM vehicle when the corrupt takeover of GM ripped off the bondholders to reward those with political pull. I cheer every time I hear bad news for GM, and I’m cheering for this takeover too. It won’t be enough to kill GM, unfortunately, but every wound they suffer is a good thing for the future.
Dear leftists...
Atlas Shrugged is not a how-to book.
Illegal confiscation of legitimately owned property. If there are any employees that aren’t Venezuelan and the government won’t let them leave, they’re basically hostages. In which case, GM should hire a contract company to go rescue them.
I honestly want to hear what Bernie has to say about this.
This is the risk they take when they do business in “questionable” countries.
Government Motors.
Government Motors.
Government Motors.
Government Motors.
Government Motors.
I guess zer0 told them it would be safe in the people’s republic.
No sympathy for Government Motors.
It won’t be in the media and if it is, it will be page 30.
I know it’s killing Zuck to see it on facebook.
At least at Twitter all the msm names are posting about it.
And now msm is reporting it on their websites.
Likely their hand is forced because of social media.
And liberal silicon valley folks created it. Gotta love the irony :)
Legal rights in Venezuela ?
Better talk to those who had their property seized in Cube in 1959.
How is this not the same as GM ripping off its bond holders and dealerships?
Has GM ever paid back the taxpayers for its last bailout?
How soon should we expect Government Motors to come around whining for another taxpayer bailout?
GM and Chrysler are dead to me!
Never knew a auto manufacturer could be so stupid as to build there. Must have been a decision by a Harvard educated 39 yr old.
On an aside, I once had a conversation with a mba student from Miami of Ohio University...his professor took the class on a trip to Venezuela and the student debated with me on how their economy and system is superior to ours. I kid you not. This was about 10 years ago. I look now and think if this professor or anyone from his class would actually blame commusocialfascism for the current conditions. I doubt it...Somehow they’d likely say our corporations there and their greed led to this.
“unexpectedly”
GM will ‘vigorously’ take all available legal actions regarding seizure of assets in Venezuela—WSJ
I read this as “vigorously” means “not”.
Isn’t that the same form of gummit the DNC has been pushing for America the last 50 years?
FReepers, I ask every one of you to save the articles describing this matter. You’ll thank me later.
Because our lefty friends decry how “unfair” it is that some nations are rich and others are poor. It just seems so mean that some countries have more jobs, food, modern conveniences (like utilities) etc. while other nations have none of these things.
The legal protection of property is a requirement of prosperity & liberty, regardless of who owns it. If the protection of property is not enshrined in a nation’s laws, there is NO investment in the nation.
This guarantees poverty, and later, violence.
Venezuela is now at that later point.
PS: Dear globalist corporations with factories in Mexico. Mexico is way overdue for a socialist/communists revolution. Kiss your assets goodbye!
Couldn’t of happened to a better company. They ripped off their bond holders. Built a plant in a communist country, presumably for cheap labor.
This is like dream come true for radical leftists in America
I wonder if the Venezuelan Gov. is going to use the same book to mfg. cars that they used to produce oil like they did when they kicked out all the oil companies?