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September 18, 2006 [LINK / comment]

Ahmadinejad visits Venezuela

Following the conclusion of the "Nonaligned" Summit in Cuba, Iran's President Mahmoud Ahmadinejad paid a visit to Venezuela and the two rogue chieftains warmly embraced. Hugo Chavez announced that the two countries plan to set up a plant for producing gunpowder and other components of ammunition." It is almost (!) as if they are going out of their way to provoke the United States. See Chavez and Ahmadinejad talked about how much their countries have in common. Huh?? What characteristics do they share, besides oil deposits and the fact that their leaders routinely vent berserk rhetoric aimed at Uncle Sam? Venezuela and Iran have signed a wide variety of commercial and economic development agreements over the past year. If Third World history is any guide, however, such politically-motivated "business" ventures are not likely to last very long. Whenever factory bosses are more concerned with pleasing those to whom they owe patronage than in producing at maximum efficiency, such enterprises will start losing money. Before long, there will be no further reason for the governments to keep them going with subsidies.

Posted (or last updated or commented upon): 18 Sep 2006, 6: 56 PM

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Blog highlights have been compiled for the years 2010-2012 thus far, and eventually will be compiled for earlier years, back to 2002.


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in the following (reverse alphabetical) order, which may differ from the chronological order in which the posts were originally made:

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