"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Wednesday, May 2, 2012

COMMUNISM - Bolivia nationalizes industry

Communism   -   "Thou Shalt Steal."
Socialist Bolivia follows their Commie Brothers in Venezuela and Argentina and "nationalize" (steal) the privately owned electric power system from the private owners in Spain.

Communism in Action
Bolivia follows Socialists in Venezuela and Argentina in stealing private property.
  • Now no sane businessman would invest one cent in those nations.  They are doomed to wallow in Communist poverty.

Leftists of the world are the same.  They don't want to earn wealth through hard work.  They would rather steal it from those smart enough to create something valuable out of nothing.

Bolivian Comrade President Evo Morales has nationalized a Spanish-owned electric power company.

Comrade Morales ordered the military to take over the subsidiary of Spanish power company REE, which owns and runs around three-quarters of Bolivia's power grid reports the BBC.

The Communist President of Bolivia
chose May Day to steal private property.

Morales said he had ordered the take-over in honour of the Bolivian people fighting to regain control of their natural resources.

Last month Argentina took control of Spanish-owned oil company YPF.

Speaking at a May Day ceremony, Comrade President Morales said that "in honour of all Bolivian people who have struggled to recuperate our natural resources and basic services, we are nationalising Transportadora de Electricidad (TDE)".
Spanish power company REE bought 99,94% of shares in TDE in 2002. The remaining 0,06% are in the hands of the Bolivian employees of TDE.
TDE owns and runs 73% of the power lines in Bolivia, providing 85% of Bolivians with electricity.
On May Day 2010, he expropriated four power-generating companies.  One of them, British electricity utility company Rurelec, is currently seeking compensation for the take-over at the Permanent Court of Arbitration in The Hague.

(BBC News)

Commies of a feather flock together.
Communist whore Hugo Chavez (L) and Fellow Traveler Comrade President Evo Morales of Bolivia.  One thing they have in common is they are thieves.

No comments: