patrick.net

Corporations buying water rights in Bolivia did not work out so well:
http://www.pbs.org/frontlineworld/stories/bolivia/thestory.html

Sure, not all pays the same dividends, but doesnt mean 100% failure. You cant really compare Bolivia to US or any other developed country:

"Bolivia is the poorest country in South America. 70% of its people live below the poverty line. Nearly one child in ten dies before the age of five. The Bolivian economy, never strong, was wrecked by hyperinflation in the 1980s."

"The water warriors who ousted Bechtel took control of the water system, vowing to run it as a human right, not as a commodity. But without new investment, they have been unable to improve or expand service."

So the capitalist Yankee comes into one of the poorest South Americans helps their nation migrate
from illegal cocaine industry, employes local workers to run the plants, create a distribution system,
teaches the population in a new trade to be self sufficient in return for a 15-17% return.

Now the local lefties "Warriors", students of Che, were angry enough to instigate economic coup d'etat calling it 'human rights'. Perhaps we should pull out such foreign investments, and let them starve for a change.

Horrible evil Yankee corporations!

"The Bolivian economy, never strong, was wrecked by hyperinflation in the 1980s.”

Were they even complaining back in the 1980s when they were shipping cocaine to the US raking in millions in profits.

I am so tired talking about this crap, when is Obama going follow through with his "Change" agenda and let the markets reset?

4X says

I am so tired talking about this crap, when is Obama going follow through with his “Change” agenda and let the markets reset?

Why would you ever think Obama is going to let the markets reset? Everything they have done is just throw money at problems - they are trying to reinflate the bubble. I don't mean this as political, but if you think Obama is going to let markets reset, you have been seriously mislead. He has always said he is going to help homeowners and "keep people in their homes." That's not letting the market reset.

Perhaps it could be posed as a question--how many big companies want the credit party to end? They're going to push for market extensions as long as possible--because that's all they know. I'm also sick of this "too big to fail" argument. "Creative destruction" is a popular "free market" concept-- provided it's not your company facing the axe.

@camping

I was being sarcastic. I dont think Mcain, Palin or Clinton would have done anything differently...the only thing that would have been executed differently would have been the amounts of money thrown that the issue and where the money wound up. In this case, Obama put a lot of ral money into the middle class tax breaks where by Mccain would have lowered taxes on businesses hoping for a trickled down of peanuts.

So, actually if i look at it that way...we are actually getting our money back. LOL

Ok, I didn't get the sarcasm.