Excellent Commentary.....As Usual ........................................................................................ Congratulations !!!!! ....................................................................................... The major points that you made in my view is that how else can Brazil progress at a faster rate than accessing vast sums from the new oil discoveries by Petrobas, whereas oil in itself is a natural resource that belongs to the people of Brazil, and not to those who found it. There are certain people who found it, and if it were not for them, there is a chance that Brazil would not be in the position that it is in today. So now the issue becomes one of compensation to these people, for finding it for Brazil. In terms of the best approach to funding the required infrastructure such that the society can advance faster and cheaper than any other taxing methods as to the future revenues of Petrobas would be another area of question. The best known current example of both the best and worst points about capitalism are currently being put on exhibit by the US. The best known current example of the best and worst points about socialism is Venezuela. .......................................................................................... Another question that quickly comes to mind is how to prevent corruption which has become dominant in both the US and Venezuelan governments. In both cases they have become bastians of the police policing the police, with no remedy in sight , other than the rediculous elections which are just a couple of people with advertising budgets. ............................................................................................... Thus the question becomes when at lot of money is at stake, so is an insurmountable level of corruption, and thus how can there be assurance that the assets at hand will reach their purpose. In the US, legal largesse has been broadly used to slam the average worker into economic submission. In Venezuela, a form of dictatorship has slammed the average worker into believing in a mirage. ............................................................................................. It will take incredibly gifted leadership to properly serve as a proper steward of these dear assets, such that they create the prospect and reality of a super nation. The question becomes what type of administration would be best to meet the major objectives.....
Precisely libertad, precisely. And this is where SA needs to pick up the baton and return to the country of his birth to add his strength, wisdom, commitment and undoubted courage to the enormous task at hand. He has come so far on this journey and now is the time to take it the extra mile and turn words into reality for the benefit of all Brazil regards f9
The article is available at RGEmonitor http://www.rgemonitor.com/latam-mon...uld_demand_the_renationalization_of_petrobras
. July 13, 2008 SouthAmerica: The article is back online on Brazzil magazine. Brazzil magazine is having a lot trouble with the new software since they up graded their magazine software about 2 months ago. The editor of the magazine has hired a computer expert to fix the bugs of the new software. If you go to that site and the site is not online just be patient because they must be fixing something and the magazine always comes back up online. We have almost 50 comments about the article so far. A lot of people are reading the article on RGE Monitor, and I have also received request from other newspapers that want to reprint a copy of the article. ***** Why Brazilians Should Demand the Renationalization of Petrobras Written by Ricardo C. Amaral Brazzil Magazine Tuesday, 08 July 2008 http://www.brazzil.com/articles/194...-petrobras.html .
I heard stories about Rockefeller making lots of money out of Mexico's nationalized oil business... he paid an official to look the other way and he pumped oil out of Mexico into Texas! Let's hear it for nationalized industries!!
Only losers believe in nationalizations. Nationalizations are robbery. Even if they pay the fair value to stockholders, governments are too ineffective to run ANY companies.
The problem of the Telecommunications Act of 1996 wasn't what investors lost but the fact that the act didn't increase competition as it what is was suppose to do but rather resulted in mergers and less competition. Capitalism strives for less competition not more. Regulation is whats needed not nationalizing everything.
. Crgarcia: Only losers believe in nationalizations. Nationalizations are robbery. Even if they pay the fair value to stockholders, governments are too ineffective to run ANY companies. ******** July 13, 2008 SouthAmerica: Do you mean losers such as Saudi Arabia, the UAE, Norway, and others? I guess you donât approve what these governments have been doing with their windfall oil revenues such as build magnificent cities of the future with state of the art technologies that open all kinds of opportunities for the population on these countries on the coming years. In your view efficient corporations are companies such Exxon Mobil â in the middle of a major oil supply crisis in 2007 the best investment that they could come up with was to use billions of US dollars to buy back their own stock. In my view, Saudi Arabia and the UAE are doing the right thing and not Exxon Mobil, and other US oil companies. In my opinion your thinking is frozen in the past and the real world has changed since then â the companies that you think are doing a great job such as the 7 sisters, today they belong to the second tier of global oil companies â Today the first tier belongs to mostly nationalized oil companies such as Petrobras, the Russian company, the Chinese state oil company, Aramco, and so onâ¦. At the end of the day the truth is companies such as Exxon Mobil are becoming just dinosaurs from another age. .