Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Snowshoe who wrote (64942)	6/13/2005 7:38:33 AM
From: critical_mass	Read Replies (2) of 74559

It also does not sit well with the leaders of Bolivia's neighbors, Chile, Argentina, and Brazil. Even though they are leftists themselves, they are sick and tired of Chavez's antics and his growing threat to their economies. Referring to Chile and Argentina's leaders as "leftists" is way over the top. The notion that Hugo Chavez is planning to spread populist revolution throughout South and Central America seems like a propaganda script from the Cold War. Regarding the trend toward "nationalization" of oil industry, Ecuador is a great example. Politicians in Ecuador are regarded as very corrupt by the population there. Is it unrealistic for the public to become angry when money seems to be looted from the oil industry and the so called "private investment" stands a chance of disappearing into a foreign bank account while diluting the ownership of a common resource?

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