"The looting by the foreign companies has ended," Morales, Bolivia's first Indian president, said in a speech at the San Alberto field, in the southern state of Tajira, which Brazillian company Petrobras operates in association with Repsol and Total SA.
Speaking later to thousands of supporters at the presidential palace in La Paz, Morales thanked the military for its support and said "foreign petroleum companies that announced they will freeze their investments can leave."
Morales added that the nationalization of the hydrocarbons sector "was just the beginning, because tomorrow it will be the mines, the forest resources and the land."
1 comment:
I predict that this experiment with socialism will, like all the others, fail. It will succeed in preventing US businesses and other groups of humans organized as "corporations" from making a profit; but it will fail to result in more people making more money or getting more products at lower prices, than the evil capitalist structure did.
The people angry at the corporations are complaining to the wrong people about the poverty and flat economic picture that they face. Surely what these people need is more corporate exploitation, not less. Brace yourselves for increased Bolivian immigration to the evil US!
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