Chavez once again porves he's a tin pot dictator in the making.

[lord of the mark]

Originally posted by chegitz guevara
Between 1984 and 1995

Would it be too much to ask the Spark to note the decline in oil prices that occured over this period?

[Flubber]

Originally posted by chegitz guevara




And even if it was true, so what? The purpose of socialism isn't to compensate the wealthy. It's to expropriate them. Your right to exploit is not recognized by us.

While i don't know the particulars on the compensation . .. You had previously stated or at the least strongly implied that parties were being fairly compensated by the Chavez government for things being taken from them. So thats the point . ..


SO either

1. Parties were fairly compensated at market rates for items expropriated from them. OR

2. Things were taken without regard to fair compensation.

Pick ONE

[pchang]

he does not believe in property rights

for rich people (who knows how he defines rich)

therefore he really doesn't care about the state "stealing" from corporations

But, at least its good to know that Che doesn't advocate putting people against the wall and shooting them. I'm not so sure about Kid.

[Spiffor]

Re: he does not believe in property rights

Originally posted by pchang
for rich people (who knows how he defines rich)

AFAIK, he opposesproperty rights over the means of production. That's a world of difference.

[Kuciwalker]

AFAIK, he opposesproperty rights over the means of production. That's a world of difference.

I don't see how.

[chequita guevara]

Originally posted by Flubber
While i don't know the particulars on the compensation . .. You had previously stated or at the least strongly implied that parties were being fairly compensated by the Chavez government for things being taken from them. So thats the point . ..


SO either

1. Parties were fairly compensated at market rates for items expropriated from them. OR

2. Things were taken without regard to fair compensation.

Pick ONE

I said they are being fairly compensated, but that I don't believe in it. Nor does the majority faction in the main union. Whether or not Chavez believes in it is another matter. His actions up to this point, however, have shown respect. That may be because he's afraid of the U.S. military or because he felt his position back home was too weak or it may be because he's simply using left rhetoric for his own ends. Only time will tell.

[chequita guevara]

Originally posted by lord of the mark
Would it be too much to ask the Spark to note the decline in oil prices that occured over this period?

Actually it might be. They are a very tiny group and poor (almost 100% factory workers) and that kind of data mining might be beyond their capacity. I know when I was in the group they had to rely on us students to gather that kind of data for them. Their articles were much better when Lutte Ouvriere produced the trilingual journal.

Lemme see if I can find that info for you.

http://inflationdata.com/inflation/Inflation_Rate/Historical_Oil_Prices_Table.asp

year price (adjusted for inflation price)
1984 $28.75 $56.17
1985 $26.92 $50.77
1986 $14.44 $26.72
1987 $17.75 $31.69
1988 $14.87 $25.55
1989 $18.33 $29.99
1990 $23.19 $35.91
1991 $20.20 $30.10
1992 $19.25 $27.84
1993 $16.75 $23.54
1994 $15.66 $21.43
1995 $16.75 $22.31

While this might look to be rather damning, remember that Venezuela signed long term contracts to avoid such things. According to my contract such contracts tend to be for 20 to 25 years. When they came up for renegotiation I don't know.

[chequita guevara]

Originally posted by Kuciwalker

AFAIK, he opposesproperty rights over the means of production. That's a world of difference.

I don't see how.

The right to have your own house or car is different from the right to own a business.

[Flubber]

Originally posted by chegitz guevara


While this might look to be rather damning, remember that Venezuela signed long term contracts to avoid such things. According to my contract such contracts tend to be for 20 to 25 years. When they came up for renegotiation I don't know.

I would be shocked if most of their production was tied up like that. While long term hedging is done a fair bit and is not at all unusual, there will always be a lot of production that is at market rates.

The company I work for hedges set volumes of gas at set prices BUT we produce far in excess of the hedged quantities (whenever it is profitable to do so)

Bottom line is that I would expect a drop in oil prices to have a huge impact on revenues. IT would affect both

1. the spot market price on today's production AND
2. The price you can reasonably expect on the long-term contracts (our price for natural gas for delivery in 12-18 months is about 40% lower than it was a year ago )

Either way revenues drop a LOT

[Flubber]

Re: Re: he does not believe in property rights

Originally posted by Spiffor


AFAIK, he opposes property rights over the means of production. That's a world of difference.

Isn't that standard communism?

[Barnabas]

On cnn I watched a former big supporter of Chavez, I think maybe someone who worked for Chavez, saying that Chavez is going in the wrong direction, towards dictatorship, and that he finds the new powers Chavez got after the last election, to be very worrisome.

I dont know if you had discussed this in previous pages.

[DinoDoc]

Originally posted by chegitz guevara
The right to have your own house or car is different from the right to own a business.

Why?

[Kuciwalker]

Originally posted by chegitz guevara
The right to have your own house or car is different from the right to own a business.

I meant, I don't see how it's different from opposing property rights of the rich.

[Kidlicious]

Re: he does not believe in property rights

Originally posted by pchang
But, at least its good to know that Che doesn't advocate putting people against the wall and shooting them. I'm not so sure about Kid.

Come on now, I know you me.

[Kidlicious]

Originally posted by Flubber


While i don't know the particulars on the compensation . .. You had previously stated or at the least strongly implied that parties were being fairly compensated by the Chavez government for things being taken from them. So thats the point . ..


SO either

1. Parties were fairly compensated at market rates for items expropriated from them. OR

2. Things were taken without regard to fair compensation.

Pick ONE

All said and done ExxonMobile makes quite a bit of money now don't they.