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Chile’s Environmental Commission of the Constitutional Convention has approved a rule for inclusion in the new constitution to nationalise the exploitation and exploration companies of strategic assets, which includes lithium, copper and precious metals assets. The norm would result in, “passing to the national domain all the assets of said companies and their subsidiaries related to their activity in national territory. … The exploration and exploitation mining concessions constituted in favour of these companies will cease immediately once the nationalisation takes effect,” the document reads.Included in the law is no compensation for lost assets.
Very few countries run state industries efficiently. What happens most of the time is the nationalized industry is inefficient. It needs increased capital, but cannot obtain it on the world market. In the current world situation, China will probably be happy to colonize Chile's resource sector. Otherwise, as happened in Venezuela, the country will go down the tubes as one of its main sources of wealth is systematically destroyed by a parasitical ideology.
For the rest of the world, the result is higher resource costs. If they do not print money and create inflation in response, the result will be slowing growth, recession and stagnation until substitutes are found. Copper won't be replaced outright, but as the price rises, projects that use it will cease, and where it can be substituted it will be. Over time, countries will make do with less of whatever resources has become expensive. In this case, the green revolution is rapidly dying, although most of the West doesn't realize it yet because they're blinded by an apocalyptic religion.
The other trend to note is nationalism. Nationalist socialism, nationalist populism, nationalist capitalism and so on are rising. The nationalists will defeat the globalists.
LZ, please don’t condemn Venezuela. Oceania has been hard at work destroying it. But even within the so-called alternative or independent media, few journalists discuss it. Not ZH (which publishes dissenting opinion on some subjects while toeing the regime line re VZ), not the fake-left Pravda on the Hudson, not the fake-left Pravda on the Potomac, and certainly not anyone on TV (Jon Oliver, Tucker — even if some of these people build credibility with us by telling us some truths on other subjects.). For more info about it, check out MoA, Grayzone, Caitlin Johnstone, Jimmy Dore.
ReplyDelete…Abby Martin (“Empire Files”)…
DeleteI condemn it. It was entirely predictable from their clown economics. Not everything is caused by the U.S.
DeleteYou dig up a lot of info. I’m impressed, LZ. But, it’s exhausting trying to dig up enough opposing evidence and arguments on every subject, in order to fairly judge or at least conclude that there’s enough evidence to *withhold* your judgment until you find time to dig deeper. Are there really no stones you haven’t turned over in your quest for truth? Are you sure?
DeleteI don’t know how much you’ve read on this case, especially from sources that really argue zealously for “the defense” rather than “throw the case” like so many do, making it extremely hard for anyone (including you) to think there exists anything representing a valid defense.
As a simple litmus test, may I ask you what you know *offhand* about Citgo revenue?
Anyway, this video “might”* help: https://www.youtube.com/watch?v=_fV-C1Ag5sI. (* I refuse to “sign in for age verification” of a video that IIRC contains nothing warranting it. I watched it years ago and presume this is a 30-40 minute video with an actual lefty replaying phony Oliver’s presentation and pausing it to correct the Oliver’s misinformation. If that’s not what plays, sorry, my error. Please skip it.)
I didn't say the U.S. didn't do anything, but socialist regimes that aren't run by extremely efficient and high-functioning societies that can overcome the inherent failures of the system are doomed from the start. The socialist left goes wrong in much of their analysis because they're always blaming symptoms as causes, or putting too much emphasis on, for example, U.S. interference. Venezuela went full socialist. I knew what would happen as soon as Chavez took power. It was obvious total collapse would follow. How did I know that? They went full socialist. Socialist policies are affordable for wealthier countries, and most of them also understand that the system is inefficient and therefore they tend to be ultra-capitalist in some way, be it China or Sweden.
DeleteMexico is fairly socialist, but not anti-American. I don't how Chile will fare, maybe they'll be ok. I'm doubtful about Peru given their history. Any country in the Americas that tries to have a military alliance with China or Russia is going to get targeted by the USA for good reason, no matter who is running the USA. Being an anti-American socialist in the Americas is playing stupid games, and they win stupid prizes.
It's the same thing on the right too. Countries that nationalize or have national economic plans can go full retard and end up trying autarky. Brazil screwed up. Various far right parties such as Golden Dawn in Greece, one can see a disaster forming a mile away if they were ever in power. Countries that do it right, such as Hungary, are treated by pariahs by the USA and EU currently, yet they are not suffering much for it because their economic system is efficient, plus they aren't tearing up their culture.
DeleteTo me, seems like these countries you label as “anti-American” are trying to protect their national interests for the benefit of their own citizens from attack and extortion deals from the likes of the Biden, Clinton, Bush, and Trump crime families and the interests they represent. If you think they shouldn’t try to get a better deal for themselves, why do you complain about the shitty deal the same globalist scumbags impose on USA citizens?
Delete“Venezuela went full socialist” - What does that mean? Did they force the shopping mall food courts to start handing out free ice cream?
ReplyDeleteSome countries have nationalized companies that they run as a pure business and they take profit, if any exists, and the government spends it. Or saves it like in Norway. Some countries use the nationalized companies as piggy banks for their socialist projects and end up not funding things like maintenance and necessary investment. Those companies go down the tubes, usually along with the country. Venezuela was the latter.
ReplyDeleteThese socialist bogeymen are caricatures illustrated by gangsters masquerading as capitalists.
DeleteIIRC Chavez first exercised VZ’s contractual right to cancel a $10/barrel discount a prior VZ pres provided to the foreign oil major. He used the extra revenue to fund “pet projects” like literacy and healthcare. Both started improving. Then, “suspiciously” according to some, the still-private oil company started suffering more refinery outages and other production problems. Frustrated with the what he concluded to be internal sabotage, Chavez nationalized them. Throw in coup attempts, economic attacks (including outright theft of their revenue), and *fracking* that drove down the global price, countries like VZ started to suffer. A country being robbed at gunpoint would suffer regardless of their internal political economy.
Don’t compare life in “socialist” countries to life in Manhattan or rich enclaves within USA or UK. Compare them to Camden or Baltimore or Rochester. Compare them to various countries around the Caribbean the globalists have conquered and “run” the way they see fit.
“Socialist policies are affordable for wealthier countries” - Nationalist or socialist policies seem more important to countries where illiteracy runs high, people are homeless, and food is scarce because everything of value is being exported at cut-rate prices by conquistadors or their personal or corporate heirs who own 95% of all assets in that country. After they kick out the foreign puppets and raise basic standards (like the ability to read), after they’re wealthier, then maybe they can re-introduce market reforms.
ReplyDeleteSo for instance, I would like to see an education voucher program in USA. But, in some country lacking many resources we take for granted, maybe not.
Most importantly, people native to their respective countries should make those decisions for themselves without being attacked. I don’t see how we avoid becoming tools for globalists if we don’t reject the caricatures and smears globalists use to manufacture consent to violently meddle in other nation’s affairs.
Well, good chatting with you, LZ. Gotta go. Ciao.
ReplyDeleteI don’t receive alerts to replies. I’ll try to check different threads for them. But, if it appears I ignore a reply, it’s not intentional.