Why can't we be more like Venezuela...

[revelarts]

Nation soverignty's a good thing.
leave off the socialism but WOW, good on them.
Any one want to bet that we'll find an excuse to go to war with them or that a few folks might die in plane crash some time soon.

Venezuela Announces “Irrevocable” Withdrawal from World Bank’s Arbitration Body


By Ewan Robertson - Venezuelanalysis.com

Tags

• Economy
• sovereignty

Mérida, 26^th January 2012 (Venezuelanalysis.com) – The Venezuelan government has announced Venezuela’s “irrevocable” withdrawal from the World Bank affiliated arbitration body the International Centre for Settlement of Investment Disputes (ICSID).
According to an official statement released by Venezuela’s Foreign Ministry on Wednesday this week, the move has been taken on the grounds of defending national sovereignty and “to protect the right of the Venezuelan people to decide the strategic orientation of the social and economic life of the nation”.
The communication criticises the ICSID for being biased toward transnational corporations, citing that of the 234 cases handled by the arbitration body during its history, 232 were decided in favour of transnational.
The statement also declares the illegitimacy of the Washington-based arbitration body to decide on disputes between the Venezuelan government and transnational corporations, given that the Venezuelan constitution stipulates that such activities are to be “decided by the tribunals of the [Bolivarian] Republic, in conformity with its laws”.
On 8 January, Venezuelan President Hugo Chavez first announced the intention to leave the ICSID and his government’s refusal to accept the body’s decisions. The comments followed US oil giant Exxon Mobil’s move to bring a case to the body seeking more compensation from Venezuela’s nationalisation of its operations in the Orinoco Oil Belt in 2007.
In early January the Paris-based International Chamber of Commerce (ICC) awarded Exxon US$907 million for the cases, ten times less than what the company had originally sought.
Oil and energy minister Rafael Ramirez commented on Tuesday that new oil projects in Venezuela would not be subject to international arbitration, and that Venezuela’s withdrawal from the ICSID was because Venezuela’s public affairs “cannot be submitted to outside jurisdiction”....

[fj1200]

Any one want to bet that we'll find an excuse to go to war with them or that a few folks might die in plane crash some time soon.

Oh geez.

And you can't really take any little bit of news and say that Venezuela even approaches a model to be like.

[revelarts]

Oh geez.

stuff like that neeeevah happens FJ. America is always the good guy.

COUGHMohammad-MosaddeghCOUGH

COUGH-OIL-COUGH!!!!

COUGH-OMAR-TORRIJOS-COUGH


I can take a part of a countries policies and say we need to be more like that specific bit sure. I like the Swiss civil defense policy. The world and history are a buffet of laws and systems to gleen from.

[fj1200]

I can take a part of a countries policies and say we need to be more like that specific bit sure. I like the Swiss civil defense policy. The world and history are a buffet of laws and systems to gleen from.

Not examples from a country like Venezuela that are based on complete self interest shortly after nationalizing entire industries.

[revelarts]

Not examples from a country like Venezuela that are based on complete self interest shortly after nationalizing entire industries.

Self interest, isn't that what capitalism and soverity are mostly about too. the nationalization well you got me there. but the multi nationals oil corpscan be pretty vicious too. neithers actions are justifiable.

[fj1200]

Self interest, isn't that what capitalism and soverity are mostly about too. the nationalization well you got me there. but the multi nationals oil corpscan be pretty vicious too. neithers actions are justifiable.

The courts, i.e. the arbitration panels that they were withdrawing from, enforce laws and contracts made by free actors. I don't see anything honorable here. Now if they withdrew from the World Bank overall then that might be worthy of praise.

[Sir Evil]

Any one want to bet that we'll find an excuse to go to war with them or that a few folks might die in plane crash some time soon.

Instead of wanting to be like them why don't you just become like them and move there.......

[gabosaurus]

If Reagan were president, he would know how to deal with Venezuela. He would simply send a CIA hit team in to assassinate people and overthrow the government. Reagan was good at that.

[ConHog]

If Reagan were president, he would know how to deal with Venezuela. He would simply send a CIA hit team in to assassinate people and overthrow the government. Reagan was good at that.

In a strange bit of irony, that is EXACTLY how BOOSH should have handled Saadam. No need for war , just take his ass out.

And substitute SEAL Team 6 for CIA and that is exactly what Obama did to BIn Laden.