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January 12, 2006 [LINK]
Venezuelan arms purchases
Hugo Chavez criticized the U.S. government for, he says, blocking a sale of EMBRAER military aircraft made in Brazil. He elaborated:
It's the same with the F-16s; they deny us maintenance to improve them, delay the spare parts. But we are not worried. We've sent a commission to Moscow, and if we have to replace the F-16 fleet with a fleet of new MiGs, then we will. SOURCE: CNN.com
That's the same song and dance Peru went through in the 1970s, when a leftist military government ruled there. The generals bought hundreds of Soviet T-55 tanks, armored troop carriers, and dozens of Su-22 supersonic attack jets, among other goodies. Result: Increased regional tensions with Chile and Ecuador, depleted regular armed forces that might have fought the then-nascent Shining Path terrorist group, and billions of dollars of increased foreign debt that Peru could not afford, and which were ultimately defaulted.
Morales plans oil & gas takeover
While in South Africa, having completed his tour of European capitals, President-elect Evo Morales declared that his government will buy out foreign shares of Bolivia's petroleum and natural gas reserves. Pipelines and refineries would remain in foreign hands, however. See Washington Post. We should expect more such mixed messages as the new leader tries to balance living up to his campaign pledges against the realities of world markets.
Nationalizing the oil industry is the same song and dance Peru went through in the [late 1960s], when a leftist military government [began ruling] there. The attempt to minimize economic (trade) dependency on the outside world backfired, as the financing required to make the purchase saddled Peru with billions of dollars of increased foreign debt that Peru could not afford, and which were ultimately defaulted. (Sound familiar?)
Is it any wonder I call Latin America "The Land of Eternal Eternity"? It often seems that nothing much really changes.
Posted (or last updated or commented upon): 12 Jan 2006, 9: 54 PM
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January 7, 2006 ~ DeLay gives up majority leader post
January 12, 2006 ~ Alito withstands Dems' "torture"
January 16, 2006 ~ Michelle Bachelet wins in Chile
January 19, 2006 ~ Views on Iran's nuclear ambitions
January 24, 2006 ~ Fallout from Canada's election
January 31, 2006 ~ Second (& third) thoughts on Iran
February 1, 2006 ~ The State of the Union, 2006
February 8, 2006 ~ D.C. Council votes "yes," but...
February 18, 2006 ~ Checks and balances in wartime
February 22, 2006 ~
Neocons & Neolibs: chastened alike
February 28, 2006 ~
The Dubai Ports World uproar
March 14, 2006 ~ New D.C. baseball stadium unveiled
March 24, 2006 ~ In the footsteps of France?
April 7, 2006 ~ Immigration compromise fails
May 16, 2006 ~ Bush militarizes Mexican border
June 6, 2006 ~ Alan Garcia triumphs, once again
June 9, 2006 ~
Zarqawi: The death of a terrorist
July 3, 2006 ~
Election in Mexico: too close to call
July 5, 2006 ~ North Korea goes ballistic
July 28, 2006 ~ Garcia prepares to lead Peru, again
August 4, 2006 ~ Israel invades Hezbolland
September 6, 2006 ~ "Crunchy conservatives": for real?
September 25, 2006 ~ Nationalists thwart conservation
October 3, 2006 ~ Nationals: Year in review
October 29, 2006 ~ Virginia's marriage amendment
November 7, 2006 ~ The people render their verdict
November 8, 2006 ~ Republicans lose big time
November 9, 2006 ~ Allen concedes / Election post-mortem
November 13, 2006 ~ Toward consensus on Iraq?
December 1, 2006 ~ Realism and our goals in Iraq
December 6, 2006 ~ Latin America & U.S. trade policy
December 8, 2006 ~ Iraq Study Group reports
December 22, 2006 ~ Yuletide political roundup
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The "home made" blog organization system that I created was instituted on November 1, 2004, followed by several functional enhancements in subsequent years. I make no more than one blog post per day on any one category, so some posts may cover multiple news items or issues. Blog posts appear in the following (reverse alphabetical) order, which may differ from the chronological order in which the posts were originally made:
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