That will be today’s film title by an Italian film production wanting to portray Bolivia’s “wild west” political scenario; I explain myself.
The Ugly; comes from the economical stupidity and political anorexia, including a not so secret desire to spy and control the information of the freedom fighters opposing the totalitarian regime of Evo Morales. That is, the “nationalization” of Entel, Transredes, Chaco and CLHD; ENTEL, with Italian investors is the main telecommunications company in the country, the only one of today’s nationalized corporations that is not related to the hydrocarbon activity and the reason of its nationalization has to do more with the possibility to intervene phone calls, specially cell phones and to have access to censor internet, since ENTEL has about 90% of the internet connections of the Country.
The nationalization of the other 3 oil corporations is plain economic ignorance; the idea is for the government of Bolivia to “forcefully” buy the little percentage of the stock needed to acquire 51% or more from these companies at the buyer’s, the maSSist regime, settled price. I am pretty sure Microsoft and Yahoo are all ears about this “intellectual” proposition of the XXI century socialism, specially the former.
What is simply going to happen is that the offended international companies, with German, British and American interests will rightly put their own price to their Bolivian stock and demand for it to be paid. Once the issue is settled in international courts, you can forget about the IDH and the super habit, the money will be diverted strait from the gas sales to these companies bank accounts. It is simple, as a former US president could put it; it is the jurisdictional security stupid!
The Bad; comes from the fact the REPSOL, has decided to sell their 1.8% percentage to the government, alleging un understanding with the Morales regime but at the same time stating that their revenue from Bolivia was so insignificant within their company that it was easier to make money doing nothing that to spent time and resources on international arbitration.
The above and the previous only mean and end of international investment in hydrocarbons for the long run in the country, at least form the competent companies. I am pretty sure we will be hearing the maSSist zealots in YPFB saying that investors from China, Iran, Rusia and Venezuela will be coming; Great, there goes to the trash the first world industrial safety standards, the best environmental protection standards we aver had in the country and of course, state of the art quality controls ensuring economic sustainability. Way to go Evo the great indigenous king protector of mother earth and its inhabitants.
The Good; yes, believed or not there is a good thing about all this, t is a little obscure and there will be very little talk about it, perhaps is only going to happen in this post and that is it. But the socialistic intellectuals have come up with a, well, socialistic, idea that would work to improve equalitarian conditions among the workers within a capitalistic structure, improving upwards; yes I know, sounds impossible. That is the decree that come up with the other nationalization decrees stating that the executives of the companies that make more than US$ 4.440 a month wild have to contribute 10% of it, which will be distributed to the workers in the country that have a minimum retired pension.
It is of course, not a new idea, the rich tax deduction is widely used in the US and in Europe, the only innovation is where this founds will go. Hopefully this money will in deed go to those ex workers of different sectors with the minimum retired pension and not to the pocket of the typical maSSist collaborator or to the infamous “ghost” retired employees.
Socialistic policies like the above where the ones expected from this government, this is just one small idea among a sea of possibilities; that is “executing” government and I applaud it. I also hope that after the Santa Cruz referendum the maSSist regime realizes it is better to work over policies and decentralization instead of being constantly campaigning for a XXI century socialism that is an already smelling corpse.