Yetmore evidence of the fasilure of the Socialist model. Yet our glorious government will probably blame Kimberly Clark for "not working productively with the government" or some such...
There will always be voters that will vote for the politicians that promise free stuff. It is the primary task of the politicians to increase the number of such voters as much as possible to assure reelection. The true goal of politics to gain and retain power. The voters are simply a means to that end. They serve no other purpose.
Assuming the aircraft is designed for stability. The world economy as designed by bankster vampire squid and looter hyenas to cheat and confiscate the wealth of producers. It is inherently unstable. As the pirate scum pile their stolen booty high on the deck the ship of state oscillates closer and closer to the only possible outcome. The circling sharks are hungry for bankster blood.
They can change oil for paper? Who knows maybe all the te managers didn't go with them when they left. People forget. The Means of Production are ALL the employees. Janitor to CEO. There are no exceptions except as certain steel makers brother. How that story went was just repeated by the Russians. Lots of Billionaires zero production
This also reinforces the reasons corporations feel the need to involve themselves in government and control it, to try to keep crazy crap like Venezuela from happening. But I can't help but think of AS.
No doubt, everyone will bail and hope the next country they find cheap labor in will no0t vote for another socialist. Thats probably also why they leave the US, we seem bent on it already.
Very good points, and very true. When people try to object before the idiots rape the land, they get shouted down as "doomsday conspirsacy theorists" and some such. No one wanted to listen to the few objections to the Obamanation, and look how well we have done, and rinse and repeat with Hillary beast.
What did Venezuelan law require Kimberly-Clark to do? I don't imagine it required the people working there to keep running the plant without pay.
I would think the socialist gov't would be celebrating. Now they have full ownership and control of these means of production, abandoned by Clorox and Kimberly-Clark. Now they can administer it for the benefit of society, unfettered by the need to send profits to shareholders around the world. The Venezuelan people will be watching for the windfall.
Helmrich & Payne lost 11 drilling rigs, worth around $250 million because, even though PDVSA wouldn't pay for them, they weren't allowed to move them out of the country.
Years ago, when there was still time to sell and get their money out, my expat friends failed to admit what I told them was coming. They all lost everything and had their pockets searched for cash on their last flights out.
The time to get assets out was when Chavez was elected. These people always tell you what they're going to do; people just refuse to believe them. Obama told us and, far too many people chose not to believe him but, he's done almost exactly what he said he would.
Undoubtedly, their Operating Vice President "left nothing but junk in the K-C factory, and as little of that as possible. He has moved everything that could be moved ... out of Venezuela."
In America, where the people have assets left to steal, the government instead "bails out" companies that fail by "forcing" the larger failures to take over the smaller failures, and the innocent public foots the bill. The difference is where the process is on the time-line to destruction by statist looters in the government racket and business cartels.
“Forty-eight hours ago, without notice, a U.S. company called Kimberly-Clark, violating national laws and the constitution, fired almost 1,000 workers from its production plant, closed the door and left the country,” Maduro said on state television. He added that the government would support the workers now in control of the plant.
Venezuela’s move to reactivate Kimberly-Clark’s facilities on behalf of its workers follows a similar takeover in 2014 when Clorox Co. announced it was closing its doors. Speaking on state television, Labor Minister Oswaldo Vera said the plant in Aragua state would immediately be occupied. “A company that closes is a company that will occupied by its workers."
Kimberly-Clark joins Bridgestone, General Mills, Procter & Gamble and other multinational corporations in scaling back operations in Venezuela amid its economic crisis. More will follow.
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The world economy as designed by bankster vampire squid and looter hyenas to cheat and confiscate the wealth of producers. It is inherently unstable. As the pirate scum pile their stolen booty high on the deck the ship of state oscillates closer and closer to the only possible outcome. The circling sharks are hungry for bankster blood.
I would think the socialist gov't would be celebrating. Now they have full ownership and control of these means of production, abandoned by Clorox and Kimberly-Clark. Now they can administer it for the benefit of society, unfettered by the need to send profits to shareholders around the world. The Venezuelan people will be watching for the windfall.
Talk about s-t-u-p-i-d.
Years ago, when there was still time to sell and get their money out, my expat friends failed to admit what I told them was coming. They all lost everything and had their pockets searched for cash on their last flights out.
The time to get assets out was when Chavez was elected. These people always tell you what they're going to do; people just refuse to believe them. Obama told us and, far too many people chose not to believe him but, he's done almost exactly what he said he would.
The difference is where the process is on the time-line to destruction by statist looters in the government racket and business cartels.
“Forty-eight hours ago, without notice, a U.S. company called Kimberly-Clark, violating national laws and the constitution, fired almost 1,000 workers from its production plant, closed the door and left the country,” Maduro said on state television. He added that the government would support the workers now in control of the plant.
Venezuela’s move to reactivate Kimberly-Clark’s facilities on behalf of its workers follows a similar takeover in 2014 when Clorox Co. announced it was closing its doors.
Speaking on state television, Labor Minister Oswaldo Vera said the plant in Aragua state would immediately be occupied. “A company that closes is a company that will occupied by its workers."
http://www.zerohedge.com/news/2016-07...
Kimberly-Clark joins Bridgestone, General Mills, Procter & Gamble and other multinational corporations in scaling back operations in Venezuela amid its economic crisis. More will follow.