And this one comes from Brazil.
The president of Brazil, Luiz Lula da Silva, affirmed that South America has put the era of neoliberalism behind it, and said he agrees with the nationalization of natural gas by his colleague in Bolivia, Evo Morales.
According to the ANSA news agency, Lula, in a meeting with other South American leaders, said that in recent years the region has experienced a “political phenomenon” in which governments were elected that were “advanced in socio-political matters.”
The Brazilian president opined that his Bolivian counterpart “did the right thing in nationalizing gas. The gas is an instrument, a raw material, it is the only thing Bolivia has”, according to the Folha de Sao Paolo newspaper.
After the nationalization of Bolivian hydrocarbons on May 1, 2006, Brazil suspended its investments in the country, in what it considered a defense of the interests of its oil company, Petrobras.
However, Lula da Silva reiterated his decision that the company would re-invest in Bolivia, which he will visit on the 17th of December.
There goes a major pin from under the Bolivian fascist opposition, which has undoubtedly been after Evo’s blood. For what? What else–preventing them from profiting by Brazilian investment. They claimed he was ruining the country. How it’s possible to ruin a country by raising its share of the profits of its natural resources, such that Bolivia no longer has to borrow money to pay its civil servants’ Christmas bonuses, is beyond me.
But such is the logic of the fiscal fascist. If they’re not making all the money, no one else deserves a cut either.
Good on Evo, though, and good on Lula. Let’s hope Lula does the same with Brazil’s burgeoning oil reserves as Evo is doing with Bolivia’s gas.