GM had hoped the Venezuelan crocodile would eat them last - CorvetteForum - Chevrolet Corvette Forum Discussion

Go Back  CorvetteForum - Chevrolet Corvette Forum Discussion > Off Topic > Politics, Religion & Controversy
Reload this Page >

GM had hoped the Venezuelan crocodile would eat them last

Notices
Politics, Religion & Controversy Politics | Religion | Controversy (Non-Corvette)

GM had hoped the Venezuelan crocodile would eat them last

Reply

 
 
 
Old 04-22-2017, 01:18 AM
  #1  
Trainman-2
CF Senior Member
Support Corvetteforum!
Thread Starter
 
Trainman-2's Avatar
 
Member Since: Jul 2004
Location: Bunnell FL
Posts: 38,119
Thanked 23 Times in 10 Posts
Default GM had hoped the Venezuelan crocodile would eat them last

April 21, 2017
By Monica Showalter


After years of kowtowing and collaborating with Venezuela's socialist regime, the General Motors plant finally got expropriated by the Chavista government for its trouble. GM claimed it was done 'unexpectedly.' But it's hard to shed a tear, given that ExxonMobil, Chevron, Harvest International Resources, Clorox, Procter & Gamble, Kleenex, Crystallex, Schlumberger, and at least 1,000 Venezuelans farms, apartment buildings, businesses (including some very big ones such as the Polar grain and beer company) and homes had already been similarly expropriated. Unexpectedly? Had GM not noticed? Or did GM think it was too big to fail, or more accurately, be subject to socialist failure?

Now it's making statements like this, according to CNN:

GM described the takeover as an "illegal judicial seizure of its assets."

The automaker said the seizure showed a "total disregard" of its legal rights. It said that authorities had removed assets including cars from company facilities.

"[GM] strongly rejects the arbitrary measures taken by the authorities and will vigorously take all legal actions, within and outside of Venezuela, to defend its rights," it said in a statement.
It may well have been that it's no easy matter to move a car plant, and the company tried to do the best it could under such a horrendous regime.

But GM never spoke out against the broken contracts, the blatant disregard for property rights, the need to go to decent places for investment such as Colombia, Peru or Panama. In fact, up until the Chavistas struck, its public statements had been fairly consistent with all the other corporate statements still coming out about the Venezuelan regime - those of confidence in the socialist regime, of continuing operations as usual, of zero changes in any investment status, of perfect willingness to work with the regime.

In sum, they knew what was going on and hoped the Chavista crocodile would eat them last.

The still-unexpropriated remaining companies, ever dwindling in number, are continuing to make these sorts of statements. Fox Business found some choice ones:

From Coca-Cola:

"There is no indication that any of our facilities in Venezuela are currently at risk of being altered and we’re working closely with Venezuelan authorities to assure a continuous operation in the country,” the company said.
'Altered,' eh? How about 'ripped off'?

From Toyota:

"Our operations in Venezuela have not been affected so far. Our team members, dealers and customers remain our top priorities, and we are monitoring the situation closely."
Monitoring, eh? How about looking for the nearest exit?

From Fiat Chrysler:

“FCA is maintaining its production plans in Venezuela in support of efforts to rebuild the country’s automotive sector.”
Now this one's especially disgusting, but very typical of Europe. 'Support of efforts'? Talk about propping up the regime!

It goes to show that business cannot be conducted with a totalitarian socialist regime, no matter how many times you try it. When the fundamental premise of a regime is a blatant disregard for property rights, it's only a matter of time before every living entity in the country is consumed. Companies, like people, have a duty to confront evil.

GM isn't unique, but we just haven't seen it.



http://www.americanthinker.com/blog/...them_last.html
Trainman-2 is offline  
Reply With Quote
Old 04-22-2017, 01:55 AM
  #2  
VegasJen
CFOT Attention Whore
Support Corvetteforum!
 
VegasJen's Avatar
 
Member Since: Dec 2001
Location: Press "2" for English
Posts: 23,037
Thanks: 0
Thanked 14 Times in 3 Posts
Default

Considering the American taxpayer is on the hook for bailing GM out, I am even more offended by this move. I don't see why the Trump administration can't put sanctions on Venezuela and hurt these fascists where they'll feel it.
VegasJen is offline  
Reply With Quote
Old 04-22-2017, 06:48 AM
  #3  
65Z01
CF Senior Member
 
65Z01's Avatar
 
Member Since: Dec 2000
Location: SE NY
Posts: 79,644
Thanks: 0
Thanked 22 Times in 21 Posts
Cruise-In II Veteran
Default

The automaker said the seizure showed a "total disregard" of its legal rights.
Well color me fcukin' surprised...
65Z01 is offline  
Reply With Quote
Old 04-22-2017, 07:43 AM
  #4  
Walford
CF Senior Member
 
Walford's Avatar
 
Member Since: Dec 2002
Location: Half-drunk. Will travel.
Posts: 64,049
Thanks: 0
Thanked 0 Times in 0 Posts
Default

These ******* are taking full advantage of the shattered economy, and as the article says, propping up a failed communist regime. GM got what it wanted out of Venezuela and is laughing all the way to the bank, while putting on a false public face of poutrage. I bet they had much of their assets insured against this inevitability and really didn't lose much money.
Walford is offline  
Reply With Quote
Old 04-22-2017, 07:58 AM
  #5  
Trapper Sean
CF Senior Member
 
Trapper Sean's Avatar
 
Member Since: Feb 2001
Posts: 4,419
Thanks: 0
Thanked 1 Time in 1 Post
Default

Originally Posted by VegasJen View Post
Considering the American taxpayer is on the hook for bailing GM out, I am even more offended by this move. I don't see why the Trump administration can't put sanctions on Venezuela and hurt these fascists where they'll feel it.
They're beyond broke already.

My son in law recently played some pro baseball there. The team would give the players literally stacks of bills for meals and sundries around the hotel compound. A 1 inch stack of bills would maybe buy a cup of premium coffee.

p.s. These civilized "sanctions" rarely hurt the evil totalitarian government bastards. Hell, if anything, it helps them remain in control of the helpless peasants.

GHW Bush re: Iraqis vs. Saddam: 'they need to rise up ...' Yeah, right. N Korea, Iran? Syria?, Cuba?

Last edited by Trapper Sean; 04-22-2017 at 08:07 AM.
Trapper Sean is online now  
Reply With Quote
 
 
 


Thread Tools
Search this Thread
Quick Reply: GM had hoped the Venezuelan crocodile would eat them last


Sponsored Ads
Vendor Directory

Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.
 
  • Ask a Question
    Get answers from community experts
Question Title:
Description:
Your question will be posted in: