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Montevideo, October 3rd 2022 - 04:29 UTC



Foreign companies don’t have to fear nationalization, if they invest, says Morales

Friday, February 22nd 2013 - 01:17 UTC
Full article 21 comments

President Evo Morales said on Thursday that Repsol and the other multinational companies operating in Bolivia should not fear nationalization since his government only appeals to that extreme when corporations think in ‘looting’ instead of investing. Read full article


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  • Shed-time

    It seems that the current south american leadership think that everyone believes their words without looking at their past behavioural precedent.

    In this case Morales nationalises something whenever he's having a bad time, so foreign companies should indeed be scared of any mood swings.

    Feb 22nd, 2013 - 08:02 am - Link - Report abuse 0
  • Anglotino

    Actions speak louder than words!

    Feb 22nd, 2013 - 08:13 am - Link - Report abuse 0
  • Xect

    Sounds like just another attempt at justifying theft.

    Don't worry everything is fine, well unless I feel its not fine anymore and then in that case I'm going to steal your company and possibly force you into bankruptcy but don't worry about investing in the country.........

    Feb 22nd, 2013 - 08:31 am - Link - Report abuse 0
  • reality check

    Love it when politicians give assurances, especially when no one believes them.

    He obviously knows that his actions are going to affect any future investment in his country.

    Classic damage limitation again. Will it work? who knows.

    Feb 22nd, 2013 - 09:05 am - Link - Report abuse 0
  • ChrisR

    This drugged up cow pat headed moron thinks the rest of us are stupid, just like TMBOA.

    Are they ALL on drugs?

    Feb 22nd, 2013 - 10:27 am - Link - Report abuse 0
  • Shed-time

    @5 Yes, they are categorically all on drugs. It is the drugs that makes them steal.

    Feb 22nd, 2013 - 11:58 am - Link - Report abuse 0
  • Rufus

    Why is my memory drawn to Mars Attacks, where after having wiped out huge tracts of the US there's a shot of a group of martians pushing the translation machine around in a shopping trolly while shooting at anyone they see.
    They've got the translation machine looped to keep saying “Don't Run! We are your friends!” and “We come in peace! We come in peace!”.

    Feb 22nd, 2013 - 12:22 pm - Link - Report abuse 0
  • agent999

    “safe in their communities”

    Feb 22nd, 2013 - 12:49 pm - Link - Report abuse 0
  • Captain Poppy

    reminds of of the three greatest lies, now a 4th has been added.

    Feb 22nd, 2013 - 01:03 pm - Link - Report abuse 0
  • bushpilot

    Oops, you're not investing enough.

    Feb 22nd, 2013 - 01:57 pm - Link - Report abuse 0
  • surfer

    Sounds pretty watertight to me, where do I sign?

    Feb 22nd, 2013 - 02:27 pm - Link - Report abuse 0
  • bushpilot

    In October 2009, Morales was named “World Hero of Mother Earth” by the General Assembly of the United Nations.

    Feb 22nd, 2013 - 02:38 pm - Link - Report abuse 0
  • Captain Poppy

    You've got to be shitting? The UN has really turned into the world's largest theater.....of jokes.

    Feb 22nd, 2013 - 03:23 pm - Link - Report abuse 0
  • Shed-time

    @13 It's no worse than Saudi Arabia sponsoring the UN Conference on Religious Tolerance ... and the UN Human Rights Council simply being a group of pro-arab countries that want a forum to rip into Israel and yet seemingly ignore the boat of wood in their own eye.

    The UN is not on an even keel during these times.

    Feb 22nd, 2013 - 04:46 pm - Link - Report abuse 0
  • Captain Poppy

    That's true and let us not forget Khaddaffi chaired the commission on Human Rights. The world major powers oversee the UN and letting these morons ruin it.

    Feb 22nd, 2013 - 06:33 pm - Link - Report abuse 0
  • Condorito

    Yes Evo, but it's not quite that straight forward.

    Feb 22nd, 2013 - 07:32 pm - Link - Report abuse 0
  • rnbgr

    Don't surprised if Mining and energy companies will still line up to invest in Bolivia as they have no choice but to go where the resources are, as will companies from large countries like china that have real leverage with Bolivia, or countries that have some political connection with Bolivia, I have not heard of any Chinese companies being nationalized mostly its European, US and companies from other countries. (Bolivia and Venezuela did nationalize some companies from Argentina, Mexico and Brazil recently

    Feb 22nd, 2013 - 08:45 pm - Link - Report abuse 0
  • Ernie4001

    Not a single dollar to invest in that imitation of a country. Decent people can´t even think in go to Bolivia, narcotraficants only, can harbor quietly their money and activities there.

    Feb 26th, 2013 - 02:20 am - Link - Report abuse 0
  • Captain Poppy

    Isn't Evil Evo happy enough with all the DFI they have from the Mexican drug cartels?> They want more business investment? How about Evo negotiates with the Taliban over the opium trade, maybe they will investment in Bolivia.

    Feb 26th, 2013 - 03:39 pm - Link - Report abuse 0
  • gecmartins

    Evo thinks people are stupid. To see how full of crap he is, one only needs to look at what he did to Brazil: nationalized a good deal of Petrobras assets (with the blessing of Brazil's president at the time) and passed a law legitimizing all vehicles that were stolen - you read that right: STOLEN - on Brazilian territory.

    Feb 27th, 2013 - 10:57 am - Link - Report abuse 0
  • Captain Poppy

    Here is the stolen car law.....WTF !!!

    Feb 27th, 2013 - 12:49 pm - Link - Report abuse 0

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