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Bolivia Nationalizes Electrical Grid

Posted on May 7, 2012
Szymon Kochanski (CC BY-NC-ND 2.0)

Power lines over Lake Titicaca on the Bolivian-Peruvian border.

As neighboring Argentina brings its oil supply under state control, Bolivian President Evo Morales announced last week that his government has placed the country’s electricity sector under public ownership by seizing the main power grid from a Spanish company.

Critics say Morales’ policy of public ownership will discourage foreign investment.

Morales said the Spanish company, Red Electric, would be compensated for its loss. —ARK

AP via Yahoo News:

Morales took advantage of the symbolism of May Day, the international day of the worker, to order troops to occupy installations of the company, a subsidiary of Red Electrica Corporacion S.A.

“We are nationalizing the Transportadora de Electricidad in the name of the Bolivian people as a fitting homage to the workers who fought for the recovery of our natural resources and basic services,” Morales said during a ceremony at the presidential palace.

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katsteevns's avatar

By katsteevns, May 16, 2012 at 3:22 am Link to this comment

Yes, I have brought up the subject of paying reparations many times over the years to first the natives, then the blacks, so on and so forth through every war we have waged only to be laughed at. We have quite a few lessons to learn about respecting others and our own people as well. It’s a bad time to be a gringo.

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americanme's avatar

By americanme, May 15, 2012 at 12:01 pm Link to this comment

I would feel that I needed to do everything I could to stop the crimes gringos are committing everyday in both the US and abroad:  ecocide, genocide, slavery and resource theft.

Then, I’d do everything I could to ATONE for those crimes.

By then, I’d be very very old and would have lived an ethical life.

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katsteevns's avatar

By katsteevns, May 14, 2012 at 9:40 pm Link to this comment

And if you were a young gringo living in the states and knowing the things you know, how would you feel about yourself? What would you do with the rest of your days?

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americanme's avatar

By americanme, May 14, 2012 at 11:52 am Link to this comment

Why should it please ME?

I have no stake whatsoever in whether you folks survive, as I am almost 70.

But my native brothers coming up DO have a stake, as they would like to have Turtle Island back while it still has some vestiges of life on it.

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katsteevns's avatar

By katsteevns, May 13, 2012 at 4:29 pm Link to this comment

As a nation, we will sooner or later learn the lesson that ‘what goes around comes around’. Those at the bottom of the socio-economic ladder are finding out already. Then it just works its way up towards the top.
We don’t have enough control of our leaders and most of us have been duped by the ‘war on terror’, the propaganda. Our leaders are succeeding in running us into the ground. That should please you.

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americanme's avatar

By americanme, May 13, 2012 at 2:10 pm Link to this comment

Rugged individualism is just another name for Promoting and Practising genocide.

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katsteevns's avatar

By katsteevns, May 12, 2012 at 4:23 pm Link to this comment

Willful ignorance is a way of life for many, it determines what socio-economic class one will
occupy, what friends one will keep, how others will see and judge them, etc. It takes a strong
will and a miracle to break away from the pack. That’s not what the US is all about. It IS
about “rugged individualism”.

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americanme's avatar

By americanme, May 11, 2012 at 12:54 pm Link to this comment


The gringo government IMPOSED its war on drugs on this region—primarily on Mexico.  It gains all the way across the board:  it gets the drugs to keep you folks from revolting, it gets the money from the arms sales, its banks launder the drug money.

Mexico gets to bury the bodies—if they can find them, and if they haven’t been cooked down with acids in big vats to be unrecognizable.

You folks just outsourced genocide.

As for ignorance of racism—just like ignorance of the law is no excuse, nor is ignorance of racism.

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By katsteevns, May 11, 2012 at 12:19 pm Link to this comment

Thanks americanme, that is what I expected you to say but don’t want to believe it. It’s a shame. I suspect the US gov’t supports most of the unrest down there in some form or another.

In regard to your previous comment, those of us raised in all white communities in the northern US have no clue to the underlying racism that is woven into the fabric of our entire society. It is shocking to me that even Obama himself hardly lifts a finger against the gross injustices perpetrated upon African Americans.

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americanme's avatar

By americanme, May 10, 2012 at 11:09 am Link to this comment

Well, for one thing if you actually tried to RIDE that moto the entire distance, you would definitely not survive, as there is a little something called the Darien Gap—a body of water between Central and South America that requires that you get off the moto and wait to get on a ferry boat.

This is not the best time for a caper like the one you described, anyway.  When I moved to Mexico 20 years ago from the US, I drove down by myself in a VW Beetle loaded down with necessary personal possessions.  And I wasn’t worried.  And I am female.

NOW, especially in the north of Mexico, folks disappear every day.  If it’s not the narco gangs, or the military, it’s the independent kidnapping gangs. About 15,000 Central Americans have been kidnapped in Mexico in the past 2 years—and those were POOR people. 

A gringo or gringa on a moto headed for Tierra del Fuego?  I would give you about the same chance as I’d have given an ice cream cone in Acapulco two days ago.

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katsteevns's avatar

By katsteevns, May 10, 2012 at 10:56 am Link to this comment

Oh! Then can you tell me what my chances of survival would be if I road a motorcycle from the states down to the Strait of Magellan?

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americanme's avatar

By americanme, May 10, 2012 at 10:06 am Link to this comment

South Amerca receives little or no attention on this site because most posters have drunk the koolade that Chavez, Morales, Fernandez, Correa et al are EVIL because they are not all white leaders.

And, as another obvious reason, I am the only poster here who lives and travels extensively in Latin America.  Most of the rest cannot find even 10% of the countries that make up the region on a map.

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katsteevns's avatar

By katsteevns, May 10, 2012 at 6:24 am Link to this comment

South America is and will be at the forefront of the fight against corporate capitalism. But the attention this post is getting does not reflect that. Maybe we will have to wait until a few bombs get dropped or someone(else) is assassinated.

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By katsteevns, May 8, 2012 at 8:08 pm Link to this comment

Morales’ policy will surely discourage BAD investments by those who want to exploit tbe
land, labor and markets. Take AP’s word with a grain of salt.

Legal insecurity?!?! OMG, Grab your torch and pitchfork!!!!!!!!!!!!!

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americanme's avatar

By americanme, May 8, 2012 at 12:17 pm Link to this comment

Same reason for nationalizing petroleum and gas in Argentina.

Spanish companies don’t want to invest money—they just reptariate the profits.

mMxico is a prime example:  The Mexican branches of Santander and BBVA are what have kept those Spanish banks from capsizing some time ago.  In MNexico they can charge over 100 percent interest on credit cards and huge interest rates on loans for cars and huge commissions on checking accounts and on and on and on.  They can’t do that shit in Spain.

And even with that money going out from huge abuses European Central Bank is threatening to intervene in both BBVA and Santander.

Repsol has also been having its way with Mexico—Spain grunts and Calderon bends over and spreads his legs.

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By pathman25, May 8, 2012 at 11:15 am Link to this comment
(Unregistered commenter)

This is clearly a threat to corporate profits. So, look for freedom bombs to be coming their way soon courtesy of the United States of Warfare. Of course, they could just do it the usual way and have a CIA backed coup to assassinate Morales. Whatever the mechanism, that is how it will go. These people have used their democracy to decrease the suffering of their population. That type of democracy can’t be tolerated by the corporate elite. Bet on it.

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By heterochromatic, May 7, 2012 at 7:45 pm Link to this comment

Morales said the reason for snatching the company was that the owners weren’t
investing enough cash in the company….if Morales is about to infuse large sums
(and also pay some 90m euros compensation) then good for him and the Bolivian

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PatrickHenry's avatar

By PatrickHenry, May 7, 2012 at 3:43 pm Link to this comment

Its nationalization such as this which makes Exxon, Mobile and the like quake in their boots.

We do it with taxes in this country.

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americanme's avatar

By americanme, May 7, 2012 at 1:06 pm Link to this comment

This news is a week old, plastic progressives.

What gives?

Go, Evo!

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