Argentina's Congress nationalized the country's biggest oil company, YPF, by an overwhelming lower house vote on Thursday that underscored broad
popular support for a measure that threatens to scare off foreign investment.
"It's a good move for the country because if the government does not control strategic resources such as oil, it loses power," said financial analyst
Leonardo Rodriguez, 32, as he sipped a latté in the well-heeled Buenos Aires neighborhood of Puerto Madero.
I am happy to see that South America is moving toward's Socialism. The Oil Industry is a great place to start as far as Nationalization goes. The
public must take back all Public Utilities. When the public owns nothing,the public has no power.Bolivia sent in the Army to take over a power
transmission company on May Day in another indicator of South America's move to Socialism.
Both Bolivia and Argentina have demonstrated that if a majority of a population want radical change,it can happen. Fidel Castro kicked the
Capitalist's out of Cuba. It can be done.I think more countries in South America. Africa and Europe will turn to Nationalization and Socialism.
Socialism is the logical next step after Capitalism is put out of its misery. The IMF are saying they are not worried but as usual I dont believe
them. Nationalization is the one thing that can destroy the IMF and the Imperialism that it spread's.
“It's a very diverse region and we would not call what we are seeing a trend,” IMF spokesman Gerry Rice told reporters, responding to a
question about Bolivia's decision this week to nationalize the local unit of Spain's Red Electrica. Rice declined to comment on the Bolivian move,
but repeated the IMF position that “a predictable investment climate is crucial in all countries and in all regions.”
Nationalization is what can save Europe. Taxing the 'rich' is not good enough. All Public Utilities should be owned by the people. All Public Services
should be owned by the people. The Oil Industry is the best place to start the push for Nationalization in the West. Everyone wants cheaper fuel and
nobody likes Oil Companies. After Oil is Nationalizied we Nationalize the Electricity provider's.Then we Nationalize a percentage of Food Production
to ensure a cheap source of food and to put downward presure on Food Prices. After that we pass legislation to limit market shares of Corporation's
like Microsoft/Apple and Walmart to guard against monopolization. Coporation's will also be made to keep a majority of jobs in the country they claim
to operate out of and pay international workers the same rate as they do in the country they claim to be from. That way Apple must pay the US minimum
wage to any worker including employee's of Apple fronts like Foxconn. All nation's will be encouraged to work towards becoming self sufficient. There
will be a salary cap for all people. There will be a profit margin cap for all business. The taxpayer will be the richest person in every nation. The
IMF will be a distant memory and we will have uptopia.
edit on 4-5-2012 by Germanicus because: (no reason given)