Originally posted by Oerdin
Please point out something stupid I've said about economics. I've said nationalizing companies without compensation and giving away gas for free (instead of selling it for hard cash) isn't a good policy since it will discourage investmant and virtually prevent the development of the gas sector. Seeings how this amount to the single largest export for Bolivia by far and a cool 50% of revenue goes to the state this would be a huge revenue source for the Federal and local governments if properly exploited. The demands of the socialists will likely result in the gas fields not being fully exploited though if their demands are carried out.
You on the other hand have been cheering for a policy which will prevent economic development and keep people dirt poor. I guess that's you choice though.
Please point out something stupid I've said about economics. I've said nationalizing companies without compensation and giving away gas for free (instead of selling it for hard cash) isn't a good policy since it will discourage investmant and virtually prevent the development of the gas sector. Seeings how this amount to the single largest export for Bolivia by far and a cool 50% of revenue goes to the state this would be a huge revenue source for the Federal and local governments if properly exploited. The demands of the socialists will likely result in the gas fields not being fully exploited though if their demands are carried out.
You on the other hand have been cheering for a policy which will prevent economic development and keep people dirt poor. I guess that's you choice though.
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