Venezuela to Seize Kimberly-Clark Factory as Production Ends
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...
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But they probably werent smart, and will lose millions to Maduro's gang.
I have thought for awhile now that we in the USA should look to Venezuela to see how things will go here. What they can get away with, and in what order they will try things.
We will have a major currency and debt crisis due to our governments actions, and they will try to cover it over and prevent people from protecting themselves.
Minimum wage raises are already in the works. Next comes 10-289 where it will be illegal to lay off workers that arent worth $15/hour.
Its certainly time to really question the employment of people, and the desirability of owning businesses which have a lot of fixed assets.
I dont want to support the establishment looters any more.
Yes, Maduro actually dared to spew forth such slanderous propaganda!
So there's no way--no way!--O the Great and Powerful shall ever sit still for such a vile verbal attack leveled at his regime.
No way, I tell you! No freaking' way!
Another apology tour should be forthcoming.
The difference is where the process is on the time-line to destruction by statist looters in the government racket and business cartels.
Businesses with large investments will be very vulnerable targets and hard to protect. Best to build them up with loans rather than investment when socialism is on the rise
http://dailycaller.com/2014/07/29/sur...
http://money.cnn.com/2015/01/21/inves...
https://www.publicintegrity.org/2015/...
http://www.newsmax.com/ScottRasmussen...
https://www.healthinsurance.org/blog/...
On the other side:
http://www.businessinsider.com/united...
http://www.americanthinker.com/blog/2...
“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.
But then again, I would have gotten out of there a long time ago.
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.
http://www.aljazeera.com/news/2016/06... One wonders why we hear little to nothing about that here in the US. It only took the socialists 30 years to destroy Venezuela. Fortunately, Peru and Argentina seem to starting back on the road to sanity and freer markets.
No matter how many times it took.
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.
Talk about s-t-u-p-i-d.
Though it is comical that the man feels it allowable to complain about a bank LEAVING his country and to call it "imperialist".
Sounds very familiar....
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.
I do hope both of those companies were not stupid enough to leave anything of value for the looters to take.
I actually hope they had to leave most of the value for the looters and the Venezuelan people know it. They can have a direct comparison with the exact same means of production managed privately and centrally.
The venezuelan people are socialists and they will believe that K-C was just a bad company and it should have been taken over. The only thing you can do with socialists is let them starve in their cold, dark tents.
I side-by-side comparison would blow away the socialist narrative. It's possible, though, that as term2 says the socialists in that country have their minds made up and won't be confused with the facts.
BTW, I agree with term2 on that point but regject everything roneida and term2 are saying regarding President Obama and making this issue somehow about race.