[rextorres]

Originally posted by Andr&eacutes Lescano:
[QB]But it was made to sound so sweet back then.
Privatizations would give us more efficient services. Relatively small and weak local companies fusioned themselves with large multi-national ones.
Little did we know that all infrastructure and resources of those companies bought below their real price was just being emptied and sent back to the new owners home.

To be fair I must say that this was not only done by American companies but also by many european ones.
The great companies that control the world has grown beyond nationalities and here the “great power from the north” is most times associated with the USA.

Exchange rates were against us, our goods were too expensive and imported goods looked cheap. We were suffering a severe de-industrialization, exporting flour and importing cookies.
But we were too busy with all cheap imported goods we didn't have before that we didn't see it.
“welcome to the 1rst world” they said, and we were stupid enough to believe.
[QB]

Well the same sort of thing happened here in California with out of state power companies. We deregulated the power industry and all of sudden their were power shortages in the state when all that was really happening was speculation. The power industry was manufacturing shortages to drive up prices.

A lot of people here believe that govt just gets in the way and so are against regulations. Ironically - at least in this forum - some middle class and lower class (at least that's what they've professed) are against govt regulations when they are the very ones one who these regulations protect (rich people don't need protection they can afford to pay for their own services). Argentina and (power in California)is a perfect example of what can happen when "govt gets out of the way so business people can do business".