Since this thread has become somewhat a discussion of capitalism, I thought I would throw this story up here. I believe this is one of the truly big stories and is the most important. It deals with the Nationalization, read takeover, of a GM plant in Venezuela. Venuzuela: Authorities Seize General Motors Plant.
April 20 (UPI) — General Motors said it has ceased all operations in Venezuela after authorities unexpectedly seized its plant in the city of Valencia.
A court in the Zulia state said it imposed a broad embargo on the assets of General Motors Venezolana, C.A., or GMV, which has been in operation for nearly seven decades. GMV said authorities seized its plant Wednesday afternoon and that its associated bank accounts likely are also out of its control, meaning the company cannot make payments, such as employee wages.
GMV called the act “improper, absurd, outside of legal logic and due process.”
“GMV is taking all legal measures within its reach in order to protect the rights of its workers and their property,” the company said in a statement.
The company called on workers, suppliers, dealers and external operators to refrain from reporting to work at the plant or other jobs until the court ruling is reversed.
El Universal reported the seizure is likely related to a lawsuit against the company filed by a former landowner in Maracaibo.
Of course the rubes over at Breitbart are all gung-ho in their defense of capitalism and their beloved corporate masters. They all channel their inner John Galt and Dagny Taggert and worship at the altar of Ayn Rand, nee Alisa Zinov'yevna Rosenbaum.
Here are some of my comments.
Actually, Nationalists should applaud this move. This is known as blowback. This is really no different than using and arming fighters like Al Queda and ISIS to do our bidding because we could not get away with such operations by sending in our own uniformed men.
These oligarchs are looting us and foreign workers. This is blowback. These are the same companies that have taken jobs out of Detroit.
The world is changing and everyone in it seems to get it besides us.
Back in 1953 the CIA conducted its first color revolution in Iran when it overthrew Mossadegh and placed the Shah in power due to the Iranians nationalizing BP. Gee, that Iranian operation didn't have any blowback did it? It's now about to help ignite World War III.
The chickens are coming home to roost. Different actors have different means and objectives.
So you wanted a Global Economy, did 'ya? Ha-ha.
This is why we still have troops all over the world. To prevent countries from nationalizing US Corporate assets. This is why NATO still exists. We fight and defend under the flags of the banks and corporations. But, since no one would do that, we say it's under the American Flag.
Your children can no longer get work at these corporations, but they are given the opportunity to defend them for low wages as members of the Corporate Military. Of course, sometimes these same children of ours have to take a detour to Fallujah. That's the risk you take, scum! We are your masters. You may have to kill some people sometimes too. That's part of the deal.
I don't know if Trump has always known this or if his Goldman Sachs handlers have now informed him of the "necessity" of NATO. The US Military has become the police force to protect corporate assets overseas.
To make America Safe for the exporting of jobs and the importing of cheap Chinese goods.
This is indeed a symptom of the phony infusion of crazy money into the system which relies on the never ending service to balance sheets of mountains of debt that then depends on finding the cheapest sources of labor to produce the never ending growth the debt requires.
America is fascist. Not only is it the merging of Big Business with Big Government. It practices State Sponsored Usury.
Either way, this should be interesting. One has to wonder why Venezuela would take this action now. I wonder if it has anything to do with China promising them steel or other raw material to make it possible for them to actually go into production.
That "beautiful piece of chocolate cake" that Trump shared with Xi may really turn into something. Looks like we may have given Xi the US auto industry and God knows what else, to put a bit of a squeeze on this little clown in that dog and pony show going on in North Korea.
But that's OK. Ivanka got three trademarks for her line in China. I thought she was retiring from the business in order to server her, cough, cough, country?