Bolivian gov’s wrongdoings that WE have to pay!

Humberto Vacaflor writes in El Diario:

Debts you have to pay

Humberto VacaflorFor the purposes of transnational corporations, you could say that a revolution is radical indeed when their leaders refuse to pay compensation for the nationalizations that make.

Cuba, for example, did not want to pay compensation and has ignored the international courts that failed in favor of companies affected by the guerrillas who came down from the Sierra Maestra 55 years ago. And so look how well it is doing.

If we are going to use that method of measurement, Bolivia has made several revolutions, but none really, all mocked.

When it nationalized the Standard Oil of New Jersey, in 1937, there were many reasons for refusing to pay compensation. At the end, and after the company had been exporting oil illegally since 1922. And it had refused to provide gasoline to the few aircraft of the FAB [Bolivian Air Force] in the Chaco War.

The nationalization was decreed, but then we had to pay, about $37 million, which at the time were worth much more than now, so that Bolivia does not become a pariah.

The revolution of 1952 also dreamed of not paying compensation, but the Tin barons ended up receiving all of their compensation, millions of dollars of compensation.

In 1969, the finest revolutionaries in Bolivia chose to nationalize the Gulf Oil. The country had to pay about $160 million as compensation despite all the arguments against the company, which were lower [arguments] than those that don Carlos Montenegro had wielded against Standard Oil.

And now comes this revolution, which, for some reason, perhaps in a fit of honesty, their drivers prefer to call only “change process”. It is paying compensation or “indemnity”, as it offers the vice.

Thus arises the suspicion that the slogan with which the current Government is handled is: “I just do it and if lawyers can not fix it, then the Bolivians pay for it.”

The oil companies do not require compensation because, at the end, and after all, they were not nationalized. Except one, the Pan American Energy (PAE), which wants to collect $1,496 million for the shares it had in YPFB Chaco.

That debt is the cause of the cooling of relations between Bolivia and Argentina, because the PAE is owned by friends of the Kirchner family who have offered the Bolivian payment to be invested in Patagonia.

These days, the invoices have begun to arrive. Someone has to pay.

To ignore the international tribunals does not serve any purpose.

So, it is the ruling ochlocracy’s wrongdoings that will cause us to, one more time, pay for the incompetence and cheap politics of the transient caudillo…

Published by Bolivian Thoughts

Senior managerial experience on sustainable development projects.

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