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mindmetoo
Joined: 02 Feb 2004
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igotthisguitar

Joined: 08 Apr 2003 Location: South Korea (Permanent Vacation)
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Posted: Sun May 06, 2007 10:12 pm Post subject: |
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GOOD FOR CHAVEZ!
Now he's really pissed off some people who'd love to see him ... removed from office.
http://en.wikipedia.org/wiki/Monsanto
VENEZUELA: Chavez dumps Monsanto
17 November 1993
Jason Tockman, Caracas
Venezuelan President Hugo Chavez Frias has announced that the cultivation of genetically modified crops will be prohibited on Venezuelan soil, possibly establishing the most sweeping restrictions on transgenic crops in the western hemisphere.
Though full details of the administration�s policy on genetically modified organisms (GMOs) are still forthcoming, the statement by President Hugo Chavez will lead most immediately to the cancellation of a contract that Venezuela had negotiated with the US-based Monsanto Corporation.
Before a recent international gathering of supporters in Caracas, Chavez admonished genetically engineered crops as contrary to interests and needs of the nation�s farmers and farmworkers. He then zeroed in on Monsanto�s plans to plant up to 500,000 acres of transgenic soybeans in Venezuela.
�I ordered an end to the project�, said Chavez, upon learning that transgenic crops were involved. �This project is terminated.�
Chavez emphasised the importance of food sovereignty and security � required by the Venezuelan Constitution � as the basis of his decision. Instead of allowing Monsanto to grow its transgenic crops, these fields will be used to plant yuca, an indigenous crop, Chavez explained. He also announced the creation of a large seed bank facility to maintain indigenous seeds for peasants� movements around the world.
The international peasants� organisation Via Campesina, representing more than 60 million farmers and farmworkers, had brought the issue to the attention of the Chavez administration when it learned of the contract with Monsanto. According to Rafael Alegria, secretary for international operations of Via Campesina, both Monsanto and Cargill are seeking authorisation to produce transgenic soy products in Venezuela.
�The agreement was against the principles of food sovereignty that guide the agricultural policy of Venezuela�, said Alegria when informed of the president�s decision. �This is a very important thing for the peasants and indigenous people of Latin America and the world.�
Alegria has good reason to be concerned. With a long history of social and environmental problems, Monsanto won early international fame with its production of the chemical Agent Orange � the Vietnam War defoliant linked to miscarriages, tremors, and memory loss that more than 1 million people were exposed to. More recently, the company has been criticised for side-effects that its transgenic crops and bovine growth hormone (rBGH) are believed to have on human health and the environment.
Closer to home in Venezuela, Monsanto manufactures the pesticide �glyphosate�, which is used by the neighbouring Colombian government as part of its Plan Colombia offensive against coca production and rebel groups. The Colombian government aerially sprays hundreds of thousands of acres, destroying legitimate farms and natural areas like the Putomayo rainforest, and posing a direct threat to human health, including that of indigenous communities.
�If we want to achieve food sovereignty, we cannot rely on transnationals like Monsanto�, said Maximilien Arvelaiz, an adviser to Chavez. �We need to strengthen local production, respecting our heritage and diversity.�
Alegria hopes that Venezuela�s move will serve as encouragement to other nations contemplating how to address the issue of GMOs.
�The people of the United States, of Latin America, and of the world need to follow the example of a Venezuela free of transgenics�, he said.
From Green Left Weekly, May 5, 2004.
http://www.greenleft.org.au/2004/581/32569 |
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thepeel
Joined: 08 Aug 2004
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Posted: Sun May 06, 2007 11:15 pm Post subject: |
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Novernae wrote: |
mindmetoo wrote: |
Has the IMF done anything really horrible to a nation's economy since 1997? |
The Argentine economic crisis of 2001 was a direct result of it having been the IMF's "model student" since 1990. |
The Argentine crises was due to a pegged currency and a large expansion of credit.
Government spending was high, taxation was high, corruption was high. The deficit/debt was very high and speculative capital flew North once confidence was lost.
I'm not a fan of the IMF or World Bank. Not by a long shot. But the crises was due to government incompetence, terrible macroeconomic fundamentals, and most importantly a pegged currency. The IMF did not cause the crises. IT also did not help much at all once Arg was in crises.
I think you should really explain what you meant. |
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Gopher

Joined: 04 Jun 2005
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Posted: Sun May 06, 2007 11:21 pm Post subject: |
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An Argentine businessman in Chile once explained to me that his govt's unreasonable insistence on keeping the Argentine peso on a 1:1 basis with the American dollar contibuted to this as well.
I do not pretend to understand economics at this level. Anybody know anything about this?
Last edited by Gopher on Sun May 06, 2007 11:37 pm; edited 1 time in total |
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thepeel
Joined: 08 Aug 2004
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Posted: Sun May 06, 2007 11:30 pm Post subject: |
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Gopher wrote: |
An Argentine businessman in Chile once explained to me that his govt's unreasonable insistence on keeping the Argentine peso on a 1:1 basis with the American dollar contibuted to this as well.
I do not pretent to understand economics at this level. Anybody know anything about this? |
It was likely the most important reason the crises was so deep, and long lasting. The inflation after revaluation was very hard. Like I said, they pegged the currency and printed heaps of money. How can that possibly be sustainable for the long run? |
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Novernae
Joined: 02 Mar 2005
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Posted: Mon May 07, 2007 7:27 am Post subject: |
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BJWD wrote: |
Novernae wrote: |
mindmetoo wrote: |
Has the IMF done anything really horrible to a nation's economy since 1997? |
The Argentine economic crisis of 2001 was a direct result of it having been the IMF's "model student" since 1990. |
The Argentine crises was due to a pegged currency and a large expansion of credit.
Government spending was high, taxation was high, corruption was high. The deficit/debt was very high and speculative capital flew North once confidence was lost.
I'm not a fan of the IMF or World Bank. Not by a long shot. But the crises was due to government incompetence, terrible macroeconomic fundamentals, and most importantly a pegged currency. The IMF did not cause the crises. IT also did not help much at all once Arg was in crises.
I think you should really explain what you meant. |
Don't think that I'm giving the local politicians (Cavallo, Menem, et al.) a free ride here. They are most certainly responsible, too (corruption is as well known as football and truco in Argentina). But with the IMF dictating the economics of the country for the poster-child years, approving of the peg (whether tacitly or directly), forcing the extremely rushed and unmanageable privatization scheme, they are certainly just as responsible as their friends/cronies who were in power. |
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