More nationalisation

Cristina has submitted a bill aimed at securing the re-nationalisation of a Cordoba based military aeroplane manufacturing plant after it was sold to Lockheed Martin. This follows from the recent nationalisation of Aerolineas Argentina and other previously state owned (but subsequently privatised under Menem) industries, including the postal service, water company and railroad.

Comments

Justin said…
There is a tide towards nationalisation, isn't there? Wonder how long this cycle will last? Jus xo
19 March 2009 at 05:46
Andrew Owen said…
Well with the UK and the US virtually nationalising their banks it seems that it could last a while. Although in their cases it seems more a matter of necessity rather than ideology.
19 March 2009 at 09:40
Post a Comment

Popular posts from this blog

Two thoughts about capitalism

As I mentioned earlier I am reading as much as I can about Argentina, currently focusing on finding out more about the Kirchners,triggered mainly by what seemed like some negative comments in some of the blogs I've been reading. While digging around I came across this interview that Time did with Cristina Fernandez de Kirchner in September 2007, before she was elected. It has some interesting quotes in it, and two in particular caught my attention and gave me pause for thought. You can't be a capitalist only when there are investment profits but then a socialist when you experience losses. and We're not averse to capitalism. But if they used to say, "Workers of the world unite!" then we also say today, "Capitalists of the world, assume your social responsibility!" I'm intrigued by both of these ideas. The former mainly because I it reminds me of the UK government bailing out failing mortgage lender Northern Rock earlier in the year and the recent US
Read more

Ølsen in Buenos Aires

Well Ølsen last night was great. It's in a stunning old warehouse with extremely tall ceilings and Scandinavian simplicity. The garden is a particular treat and a delight to enjoy when arriving. The food was good, although I wouldn't say that best and possibly not worth the price, it's not cheap, but the sharing starters with mini vodka shots were very good. After Ølsen, I came home and watched telly. I seem to becoming nocturnal.
Read more