It's Not Capitalism's Fault

[AntiParty]

Any first year econ student can tell you the danger of having all of one's eggs in one basket.
Many of the countries in which oil revenues are a significant (or only) source of capital are currently at risk of economic collapse due to oil's precipitous price decline but it's not capitalism's fault but rather the greed and shortsightedness of those countries who failed to use some of their big gains to diversify. They built their economies of straw when they had the resources to pay for granite.

But yes, it's not Capitalism's fault. Just like Welfare isn't. Welfare is a classification of it's own that has no relation to Capitalism or Socialism. Same with Warfare.

Lot's of Americans are pushing for Socialism because our Capitalism is so out of control even Capitalists are saying, "What did we do....."

The truth is, you just have to look at the Constitution and History.

We use to stand against Monopoly Corporations Controlling the Country. Today, THEY WRITE OUR BILLS WE SEND TO CONGRESS.....

 

[AntiParty]

The last bill Congress read was written by CitiGroup (Bank) if I remember right.....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

 

[Kosh]

Still does not explain how Russia is a Western Nation that runs with the narrative you started..

Has nothing to do with what I am talking about. Although, we can free market that all day.

It's an inconvenient truth that libertopians are not prepared for.

And yet still does not explain how Russia is a "Western Nation" that fits the narrative you started.

Gorbachev, honey.

But, no, the narrative that I gave you is the one that you cannot seem to respond to. Why is that?

And yet another post that does not explain how Russia is a "Western Nation" that fits the narrative you started.

28 Mordad Coup.

And yet another post that does not explain how Russia is a "Western Nation" that fits the narrative you started.

See the far left would much rather see the world burn than admit they are wrong!

 

[Kosh]

The last bill Congress read was written by CitiGroup (Bank) if I remember right.....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Might explain why Obama was so desperate to sign the bill..

 

[SAYIT]

Lame deflection because like most loony lefties you just can't handle the truth.

I'm asking you a question. It's a genuine question. Either you are capable of answering it or you are not.

Nationalizing private assets (gov't stealing from rightful owners) is hardly in anyone's best interest (think: Cuba) and the gov'ts of more than a few of the countries in economic trouble do control their oil.
That said, your "genuine question" has NOTHING to do with the subject matter and you have yet to establish any validity to your claim. It just sounds like socialist whining and a lame attempt at deflection..

Hmmmmmmmmmmmmm.... So, why was there so much shit when Iran wanted to nationalize their oil or when Egypt moved that direction. I mean it is that countries resources. Nay?

I have no idea what you are talking about (and evidently neither do you) but it's clear you just don't want to discuss the subject of this thread. BTW, there is little anyone can do when some despotic gov't decides to steal assets at gunpoint from the rightful owners.
(see: Nationalization of oil supplies - Wikipedia the free encyclopedia)

Iran
Since its beginning, Iran's oil industry has experienced expansion and contraction. Rapid growth at the time of World War I declined soon after the start of World War II. Recovery began in 1943 with the reopening of supply routes to the United Kingdom. The oil was produced by what became the Anglo-Iranian Oil Company, but political difficulties arose with the Iranian government in the postwar period.[11]

Iran sought to rid itself of British political influence and the exploitation by AIOC. Negotiations between Anglo-Iranian Oil Company and the government failed and in 1951 the oil industry was nationalized. As a result of Britain's boycott and the Abadan Crisis, Iranian production dropped to virtually zero. On British initiative the CIA overthrew Prime Minister of Iran Mosaddegh in Operation Ajax. Formally the nationalization remained effective, but in practice a consortium of oil companies was allowed in under a by then standard 50/50 profit-sharing deal.

The whole process had left the British a major share in what had been their single most valuable foreign asset. It had stopped the democratic transition in Iran however, leaving its mark for decades to come. The coup is widely believed to have significantly contributed to the 1979 Iranian Revolution after which the oil industry would be nationalized again.

Iraq
The properties of the majors were nationalized totally in Iraq, in 1972.[12] Worldwide oil shortages major oil supplies in the 1970s forced major oil suppliers to look elsewhere for ways to acquire the resource. Under these circumstances, NOCs often came forward as alternative suppliers of oil.[12] Nationalization of the Iraq Petroleum Company (IPC) in 1972 after years of rancor, together with restrictions on oil liftings by all but one of the IPC's former partners, put Iraq at the forefront of direct marketing.[12] Iraq's oil production suffered major damage in the aftermath of the Gulf War. In spite of United Nations sanctions, has been rebuilding war-damaged oil facilities and export terminals.[11] Iraq plans to increase its oil productive capacity to 4 Mbbl/d (640,000 m3/d) in 2000 and 6 Mbbl/d (950,000 m3/d) in 2010.[11]


But, I do know. And so do you.

What your source exposes that in neither seizure of private property (Iran-1951 & Iraq-1972) were the owners compensated. Imagine for a moment that you had been a shareholder in one of the aggrieved corporations. Suddenly your retirement plan was pilfered by people who cared nothing for your loss and you had no recourse. In addition to stealing private property (without compensation)Castro felt compelled to establish the Committees for the Defense of the Revolution. Local CDRs (informants) were tasked with keeping vigilance against counter-revolutionary activity, keeping a detailed record of each neighborhood’s inhabitants' spending habits, level of contact with foreigners, work and education history, and any suspicious behavior. Homosexuals were considered subversives regardless of their productivity or embrace of the revolution. Such is the nature of socialism ... it must be installed and enforced by repressing human rights and it only survives as long as it has OPC (other peeps cash) to support it.

 

[SAYIT]

Russia is a Western Country?

Privatization in Russia - Wikipedia the free encyclopedia

Nationalization, hon.

So yes you just blazed in with a far left narrative that does not fit the facts.

No. You just don't like the facts.
1953 Iranian coup d tat - Wikipedia the free encyclopedia

Still does not explain how Russia is a Western Nation that runs with the narrative you started..

Has nothing to do with what I am talking about. Although, we can free market that all day.

It's an inconvenient truth that libertopians are not prepared for.

And not one of your posts has addressed the subject of this thread. An inconvenient truth no socialist is prepared for.

 

[AntiParty]

The last bill Congress read was written by CitiGroup (Bank) if I remember right.....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Might explain why Obama was so desperate to sign the bill..

Welcome to politics 2014............................Curious why you point out one person in the ocean of corruption..............
(you do know the Presidents limitations on bills correct?????????)

 

[AntiParty]

Say I'm a rich guy.

I am greedy beyond all means. I want to make more and more.

My best chance of that is becoming a politician. I want to reduce every law I can that prevents my personal business from making money.

AMERICAN POLITICS 2014

 

[AntiParty]

It's why the majority of people involved in politics actually have lot's of money.

The working class is too busy working 40+ hours a week at their job and much less in their family to invest time in politics..........REMEMBER THAT.

ALSO watch what happens when the greedy idiots that demand that much time away from families get when they demand MORE, coming soon.

 

[Disir]

I'm asking you a question. It's a genuine question. Either you are capable of answering it or you are not.

Nationalizing private assets (gov't stealing from rightful owners) is hardly in anyone's best interest (think: Cuba) and the gov'ts of more than a few of the countries in economic trouble do control their oil.
That said, your "genuine question" has NOTHING to do with the subject matter and you have yet to establish any validity to your claim. It just sounds like socialist whining and a lame attempt at deflection..

Hmmmmmmmmmmmmm.... So, why was there so much shit when Iran wanted to nationalize their oil or when Egypt moved that direction. I mean it is that countries resources. Nay?

I have no idea what you are talking about (and evidently neither do you) but it's clear you just don't want to discuss the subject of this thread. BTW, there is little anyone can do when some despotic gov't decides to steal assets at gunpoint from the rightful owners.
(see: Nationalization of oil supplies - Wikipedia the free encyclopedia)

Iran
Since its beginning, Iran's oil industry has experienced expansion and contraction. Rapid growth at the time of World War I declined soon after the start of World War II. Recovery began in 1943 with the reopening of supply routes to the United Kingdom. The oil was produced by what became the Anglo-Iranian Oil Company, but political difficulties arose with the Iranian government in the postwar period.[11]

Iran sought to rid itself of British political influence and the exploitation by AIOC. Negotiations between Anglo-Iranian Oil Company and the government failed and in 1951 the oil industry was nationalized. As a result of Britain's boycott and the Abadan Crisis, Iranian production dropped to virtually zero. On British initiative the CIA overthrew Prime Minister of Iran Mosaddegh in Operation Ajax. Formally the nationalization remained effective, but in practice a consortium of oil companies was allowed in under a by then standard 50/50 profit-sharing deal.

The whole process had left the British a major share in what had been their single most valuable foreign asset. It had stopped the democratic transition in Iran however, leaving its mark for decades to come. The coup is widely believed to have significantly contributed to the 1979 Iranian Revolution after which the oil industry would be nationalized again.

Iraq
The properties of the majors were nationalized totally in Iraq, in 1972.[12] Worldwide oil shortages major oil supplies in the 1970s forced major oil suppliers to look elsewhere for ways to acquire the resource. Under these circumstances, NOCs often came forward as alternative suppliers of oil.[12] Nationalization of the Iraq Petroleum Company (IPC) in 1972 after years of rancor, together with restrictions on oil liftings by all but one of the IPC's former partners, put Iraq at the forefront of direct marketing.[12] Iraq's oil production suffered major damage in the aftermath of the Gulf War. In spite of United Nations sanctions, has been rebuilding war-damaged oil facilities and export terminals.[11] Iraq plans to increase its oil productive capacity to 4 Mbbl/d (640,000 m3/d) in 2000 and 6 Mbbl/d (950,000 m3/d) in 2010.[11]


But, I do know. And so do you.

What your source exposes that in neither seizure of private property (Iran-1951 & Iraq-1972) were the owners compensated. Imagine for a moment that you had been a shareholder in one of the aggrieved corporations. Suddenly your retirement plan was pilfered by people who cared nothing for your loss and you had no recourse. In addition to stealing private property (without compensation)Castro felt compelled to establish the Committees for the Defense of the Revolution. Local CDRs (informants) were tasked with keeping "vigilance against counter-revolutionary activity", keeping a detailed record of each neighborhood’s inhabitants' spending habits, level of contact with foreigners, work and education history, and any "suspicious" behavior. Homosexuals were considered subversives regardless of their productivity or embrace of the revolution. Such is the nature of socialism ... it must be installed and enforced by repressing human rights and it only survives as long as it has OPC (other peeps cash) to support it.

What my source states is that both nation states moved toward nationalization after having been exploited. Imagine for a moment that the owners ripped you off on a repeated basis and then made it a point to control your housing, government, education, etc. They did everything in their power to make sure that you could not make ends meet while they played a larger political game. Suddenly your entire country was hijacked and you had a puppet leader that was obedient to that larger political power.

 

[Kosh]

The last bill Congress read was written by CitiGroup (Bank) if I remember right.....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Might explain why Obama was so desperate to sign the bill..

Welcome to politics 2014............................Curious why you point out one person in the ocean of corruption..............
(you do know the Presidents limitations on bills correct?????????)

Obama is the current sitting President..

And Obama has changed those rules..

 

[Kosh]

Nationalizing private assets (gov't stealing from rightful owners) is hardly in anyone's best interest (think: Cuba) and the gov'ts of more than a few of the countries in economic trouble do control their oil.
That said, your "genuine question" has NOTHING to do with the subject matter and you have yet to establish any validity to your claim. It just sounds like socialist whining and a lame attempt at deflection..

Hmmmmmmmmmmmmm.... So, why was there so much shit when Iran wanted to nationalize their oil or when Egypt moved that direction. I mean it is that countries resources. Nay?

I have no idea what you are talking about (and evidently neither do you) but it's clear you just don't want to discuss the subject of this thread. BTW, there is little anyone can do when some despotic gov't decides to steal assets at gunpoint from the rightful owners.
(see: Nationalization of oil supplies - Wikipedia the free encyclopedia)

Iran
Since its beginning, Iran's oil industry has experienced expansion and contraction. Rapid growth at the time of World War I declined soon after the start of World War II. Recovery began in 1943 with the reopening of supply routes to the United Kingdom. The oil was produced by what became the Anglo-Iranian Oil Company, but political difficulties arose with the Iranian government in the postwar period.[11]

Iran sought to rid itself of British political influence and the exploitation by AIOC. Negotiations between Anglo-Iranian Oil Company and the government failed and in 1951 the oil industry was nationalized. As a result of Britain's boycott and the Abadan Crisis, Iranian production dropped to virtually zero. On British initiative the CIA overthrew Prime Minister of Iran Mosaddegh in Operation Ajax. Formally the nationalization remained effective, but in practice a consortium of oil companies was allowed in under a by then standard 50/50 profit-sharing deal.

The whole process had left the British a major share in what had been their single most valuable foreign asset. It had stopped the democratic transition in Iran however, leaving its mark for decades to come. The coup is widely believed to have significantly contributed to the 1979 Iranian Revolution after which the oil industry would be nationalized again.

Iraq
The properties of the majors were nationalized totally in Iraq, in 1972.[12] Worldwide oil shortages major oil supplies in the 1970s forced major oil suppliers to look elsewhere for ways to acquire the resource. Under these circumstances, NOCs often came forward as alternative suppliers of oil.[12] Nationalization of the Iraq Petroleum Company (IPC) in 1972 after years of rancor, together with restrictions on oil liftings by all but one of the IPC's former partners, put Iraq at the forefront of direct marketing.[12] Iraq's oil production suffered major damage in the aftermath of the Gulf War. In spite of United Nations sanctions, has been rebuilding war-damaged oil facilities and export terminals.[11] Iraq plans to increase its oil productive capacity to 4 Mbbl/d (640,000 m3/d) in 2000 and 6 Mbbl/d (950,000 m3/d) in 2010.[11]


But, I do know. And so do you.

What your source exposes that in neither seizure of private property (Iran-1951 & Iraq-1972) were the owners compensated. Imagine for a moment that you had been a shareholder in one of the aggrieved corporations. Suddenly your retirement plan was pilfered by people who cared nothing for your loss and you had no recourse. In addition to stealing private property (without compensation)Castro felt compelled to establish the Committees for the Defense of the Revolution. Local CDRs (informants) were tasked with keeping "vigilance against counter-revolutionary activity", keeping a detailed record of each neighborhood’s inhabitants' spending habits, level of contact with foreigners, work and education history, and any "suspicious" behavior. Homosexuals were considered subversives regardless of their productivity or embrace of the revolution. Such is the nature of socialism ... it must be installed and enforced by repressing human rights and it only survives as long as it has OPC (other peeps cash) to support it.

What my source states is that both nation states moved toward nationalization after having been exploited. Imagine for a moment that the owners ripped you off on a repeated basis and then made it a point to control your housing, government, education, etc. They did everything in their power to make sure that you could not make ends meet while they played a larger political game. Suddenly your entire country was hijacked and you had a puppet leader that was obedient to that larger political power.

So yes you ran the far left narrative as I pointed out earlier..

Far left propaganda is not fact..

 

[SAYIT]

Any first year econ student can tell you the danger of having all of one's eggs in one basket.
Many of the countries in which oil revenues are a significant (or only) source of capital are currently at risk of economic collapse due to oil's precipitous price decline but it's not capitalism's fault but rather the greed and shortsightedness of those countries who failed to use some of their big gains to diversify. They built their economies of straw when they had the resources to pay for granite.

Your post is funny.

Watching America topple Countries and say "oops!" is typical.

Knowing that there was a list of Countries the deemed "crazy" Military General Wesley Clark spoke of and watching it all play out in front of our own eyes was hard to watch.......There was ample amounts of information to avoid this.

Knowing that these oil rich Countries wanted to start trading oil for Gold instead of the U.S. Dollar was the common denominator..................

This is called the "Petro-Dollar". Lean it and you will know more about foreign policy than 95% of Americans.

Wesley Clark stated we will go to war with Syria. Why? No reason. Until there was a reason a couple years ago. The Right was outraged and wanted war with Syria just like they wanted war with Libya over Benghazi. Watching someone predict this behavior and watching the sheep follow it was embarrassing.

Busting a price-fixing cartel (OPEC) which has drained TRILLIONS from the world's economy since 1972 (yet spent little to diversify their economies) while simultaneously putting a serious crimp in Russia's (and Iran's) military adventurism are good things. Just ask Ukraine or Israel or anyone who needs to buy oil based products. Think of all those people worldwide who can now afford both gas for their car AND the car. Yeah, I can see why lower oil prices would bother one such as you.

 

[Disir]

Hmmmmmmmmmmmmm.... So, why was there so much shit when Iran wanted to nationalize their oil or when Egypt moved that direction. I mean it is that countries resources. Nay?

I have no idea what you are talking about (and evidently neither do you) but it's clear you just don't want to discuss the subject of this thread. BTW, there is little anyone can do when some despotic gov't decides to steal assets at gunpoint from the rightful owners.
(see: Nationalization of oil supplies - Wikipedia the free encyclopedia)

Iran
Since its beginning, Iran's oil industry has experienced expansion and contraction. Rapid growth at the time of World War I declined soon after the start of World War II. Recovery began in 1943 with the reopening of supply routes to the United Kingdom. The oil was produced by what became the Anglo-Iranian Oil Company, but political difficulties arose with the Iranian government in the postwar period.[11]

Iran sought to rid itself of British political influence and the exploitation by AIOC. Negotiations between Anglo-Iranian Oil Company and the government failed and in 1951 the oil industry was nationalized. As a result of Britain's boycott and the Abadan Crisis, Iranian production dropped to virtually zero. On British initiative the CIA overthrew Prime Minister of Iran Mosaddegh in Operation Ajax. Formally the nationalization remained effective, but in practice a consortium of oil companies was allowed in under a by then standard 50/50 profit-sharing deal.

The whole process had left the British a major share in what had been their single most valuable foreign asset. It had stopped the democratic transition in Iran however, leaving its mark for decades to come. The coup is widely believed to have significantly contributed to the 1979 Iranian Revolution after which the oil industry would be nationalized again.

Iraq
The properties of the majors were nationalized totally in Iraq, in 1972.[12] Worldwide oil shortages major oil supplies in the 1970s forced major oil suppliers to look elsewhere for ways to acquire the resource. Under these circumstances, NOCs often came forward as alternative suppliers of oil.[12] Nationalization of the Iraq Petroleum Company (IPC) in 1972 after years of rancor, together with restrictions on oil liftings by all but one of the IPC's former partners, put Iraq at the forefront of direct marketing.[12] Iraq's oil production suffered major damage in the aftermath of the Gulf War. In spite of United Nations sanctions, has been rebuilding war-damaged oil facilities and export terminals.[11] Iraq plans to increase its oil productive capacity to 4 Mbbl/d (640,000 m3/d) in 2000 and 6 Mbbl/d (950,000 m3/d) in 2010.[11]


But, I do know. And so do you.

What your source exposes that in neither seizure of private property (Iran-1951 & Iraq-1972) were the owners compensated. Imagine for a moment that you had been a shareholder in one of the aggrieved corporations. Suddenly your retirement plan was pilfered by people who cared nothing for your loss and you had no recourse. In addition to stealing private property (without compensation)Castro felt compelled to establish the Committees for the Defense of the Revolution. Local CDRs (informants) were tasked with keeping "vigilance against counter-revolutionary activity", keeping a detailed record of each neighborhood’s inhabitants' spending habits, level of contact with foreigners, work and education history, and any "suspicious" behavior. Homosexuals were considered subversives regardless of their productivity or embrace of the revolution. Such is the nature of socialism ... it must be installed and enforced by repressing human rights and it only survives as long as it has OPC (other peeps cash) to support it.

What my source states is that both nation states moved toward nationalization after having been exploited. Imagine for a moment that the owners ripped you off on a repeated basis and then made it a point to control your housing, government, education, etc. They did everything in their power to make sure that you could not make ends meet while they played a larger political game. Suddenly your entire country was hijacked and you had a puppet leader that was obedient to that larger political power.

So yes you ran the far left narrative as I pointed out earlier..

Far left propaganda is not fact..

It is a fact.

 

[AntiParty]

The last bill Congress read was written by CitiGroup (Bank) if I remember right.....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Might explain why Obama was so desperate to sign the bill..

Welcome to politics 2014............................Curious why you point out one person in the ocean of corruption..............
(you do know the Presidents limitations on bills correct?????????)

Obama is the current sitting President..

And Obama has changed those rules..

^Not a very smart post............

He changed NOTHING. This corruption has been happening for years. It just took a Black President for many of you to pay attention...

 

[SAYIT]

Any first year econ student can tell you the danger of having all of one's eggs in one basket.
Many of the countries in which oil revenues are a significant (or only) source of capital are currently at risk of economic collapse due to oil's precipitous price decline but it's not capitalism's fault but rather the greed and shortsightedness of those countries who failed to use some of their big gains to diversify. They built their economies of straw when they had the resources to pay for granite.

But yes, it's not Capitalism's fault. Just like Welfare isn't. Welfare is a classification of it's own that has no relation to Capitalism or Socialism. Same with Warfare.

Lot's of Americans are pushing for Socialism because our Capitalism is so out of control even Capitalists are saying, "What did we do....."

The truth is, you just have to look at the Constitution and History.

We use to stand against Monopoly Corporations Controlling the Country. Today, THEY WRITE OUR BILLS WE SEND TO CONGRESS.....

Whata sad sack load of socialist BS. Our economy and the opportunities and successes it has provided is a direct result of our capitalism. Just compare it to the wonder of the "Workers Paradise" which lasted only as long as it had OPC (other people's cash) to spend. It produced virtually nothing. Losers push for socialism because they can't (or won't) do the dirty work of actually building something.

 

[SAYIT]

Nationalizing private assets (gov't stealing from rightful owners) is hardly in anyone's best interest (think: Cuba) and the gov'ts of more than a few of the countries in economic trouble do control their oil.
That said, your "genuine question" has NOTHING to do with the subject matter and you have yet to establish any validity to your claim. It just sounds like socialist whining and a lame attempt at deflection..

Hmmmmmmmmmmmmm.... So, why was there so much shit when Iran wanted to nationalize their oil or when Egypt moved that direction. I mean it is that countries resources. Nay?

I have no idea what you are talking about (and evidently neither do you) but it's clear you just don't want to discuss the subject of this thread. BTW, there is little anyone can do when some despotic gov't decides to steal assets at gunpoint from the rightful owners.
(see: Nationalization of oil supplies - Wikipedia the free encyclopedia)

Iran
Since its beginning, Iran's oil industry has experienced expansion and contraction. Rapid growth at the time of World War I declined soon after the start of World War II. Recovery began in 1943 with the reopening of supply routes to the United Kingdom. The oil was produced by what became the Anglo-Iranian Oil Company, but political difficulties arose with the Iranian government in the postwar period.[11]

Iran sought to rid itself of British political influence and the exploitation by AIOC. Negotiations between Anglo-Iranian Oil Company and the government failed and in 1951 the oil industry was nationalized. As a result of Britain's boycott and the Abadan Crisis, Iranian production dropped to virtually zero. On British initiative the CIA overthrew Prime Minister of Iran Mosaddegh in Operation Ajax. Formally the nationalization remained effective, but in practice a consortium of oil companies was allowed in under a by then standard 50/50 profit-sharing deal.

The whole process had left the British a major share in what had been their single most valuable foreign asset. It had stopped the democratic transition in Iran however, leaving its mark for decades to come. The coup is widely believed to have significantly contributed to the 1979 Iranian Revolution after which the oil industry would be nationalized again.

Iraq
The properties of the majors were nationalized totally in Iraq, in 1972.[12] Worldwide oil shortages major oil supplies in the 1970s forced major oil suppliers to look elsewhere for ways to acquire the resource. Under these circumstances, NOCs often came forward as alternative suppliers of oil.[12] Nationalization of the Iraq Petroleum Company (IPC) in 1972 after years of rancor, together with restrictions on oil liftings by all but one of the IPC's former partners, put Iraq at the forefront of direct marketing.[12] Iraq's oil production suffered major damage in the aftermath of the Gulf War. In spite of United Nations sanctions, has been rebuilding war-damaged oil facilities and export terminals.[11] Iraq plans to increase its oil productive capacity to 4 Mbbl/d (640,000 m3/d) in 2000 and 6 Mbbl/d (950,000 m3/d) in 2010.[11]


But, I do know. And so do you.

What your source exposes that in neither seizure of private property (Iran-1951 & Iraq-1972) were the owners compensated. Imagine for a moment that you had been a shareholder in one of the aggrieved corporations. Suddenly your retirement plan was pilfered by people who cared nothing for your loss and you had no recourse. In addition to stealing private property (without compensation)Castro felt compelled to establish the Committees for the Defense of the Revolution. Local CDRs (informants) were tasked with keeping "vigilance against counter-revolutionary activity", keeping a detailed record of each neighborhood’s inhabitants' spending habits, level of contact with foreigners, work and education history, and any "suspicious" behavior. Homosexuals were considered subversives regardless of their productivity or embrace of the revolution. Such is the nature of socialism ... it must be installed and enforced by repressing human rights and it only survives as long as it has OPC (other peeps cash) to support it.

What my source states is that both nation states moved toward nationalization after having been exploited. Imagine for a moment that the owners ripped you off on a repeated basis and then made it a point to control your housing, government, education, etc. They did everything in their power to make sure that you could not make ends meet while they played a larger political game. Suddenly your entire country was hijacked and you had a puppet leader that was obedient to that larger political power.

The countries in question had the option of doing the right thing ... paying for what they stole. They conveniently CHOSE instead to steal it.

 

[Disir]

Hmmmmmmmmmmmmm.... So, why was there so much shit when Iran wanted to nationalize their oil or when Egypt moved that direction. I mean it is that countries resources. Nay?

I have no idea what you are talking about (and evidently neither do you) but it's clear you just don't want to discuss the subject of this thread. BTW, there is little anyone can do when some despotic gov't decides to steal assets at gunpoint from the rightful owners.
(see: Nationalization of oil supplies - Wikipedia the free encyclopedia)

Iran
Since its beginning, Iran's oil industry has experienced expansion and contraction. Rapid growth at the time of World War I declined soon after the start of World War II. Recovery began in 1943 with the reopening of supply routes to the United Kingdom. The oil was produced by what became the Anglo-Iranian Oil Company, but political difficulties arose with the Iranian government in the postwar period.[11]

Iran sought to rid itself of British political influence and the exploitation by AIOC. Negotiations between Anglo-Iranian Oil Company and the government failed and in 1951 the oil industry was nationalized. As a result of Britain's boycott and the Abadan Crisis, Iranian production dropped to virtually zero. On British initiative the CIA overthrew Prime Minister of Iran Mosaddegh in Operation Ajax. Formally the nationalization remained effective, but in practice a consortium of oil companies was allowed in under a by then standard 50/50 profit-sharing deal.

The whole process had left the British a major share in what had been their single most valuable foreign asset. It had stopped the democratic transition in Iran however, leaving its mark for decades to come. The coup is widely believed to have significantly contributed to the 1979 Iranian Revolution after which the oil industry would be nationalized again.

Iraq
The properties of the majors were nationalized totally in Iraq, in 1972.[12] Worldwide oil shortages major oil supplies in the 1970s forced major oil suppliers to look elsewhere for ways to acquire the resource. Under these circumstances, NOCs often came forward as alternative suppliers of oil.[12] Nationalization of the Iraq Petroleum Company (IPC) in 1972 after years of rancor, together with restrictions on oil liftings by all but one of the IPC's former partners, put Iraq at the forefront of direct marketing.[12] Iraq's oil production suffered major damage in the aftermath of the Gulf War. In spite of United Nations sanctions, has been rebuilding war-damaged oil facilities and export terminals.[11] Iraq plans to increase its oil productive capacity to 4 Mbbl/d (640,000 m3/d) in 2000 and 6 Mbbl/d (950,000 m3/d) in 2010.[11]


But, I do know. And so do you.

What your source exposes that in neither seizure of private property (Iran-1951 & Iraq-1972) were the owners compensated. Imagine for a moment that you had been a shareholder in one of the aggrieved corporations. Suddenly your retirement plan was pilfered by people who cared nothing for your loss and you had no recourse. In addition to stealing private property (without compensation)Castro felt compelled to establish the Committees for the Defense of the Revolution. Local CDRs (informants) were tasked with keeping "vigilance against counter-revolutionary activity", keeping a detailed record of each neighborhood’s inhabitants' spending habits, level of contact with foreigners, work and education history, and any "suspicious" behavior. Homosexuals were considered subversives regardless of their productivity or embrace of the revolution. Such is the nature of socialism ... it must be installed and enforced by repressing human rights and it only survives as long as it has OPC (other peeps cash) to support it.

What my source states is that both nation states moved toward nationalization after having been exploited. Imagine for a moment that the owners ripped you off on a repeated basis and then made it a point to control your housing, government, education, etc. They did everything in their power to make sure that you could not make ends meet while they played a larger political game. Suddenly your entire country was hijacked and you had a puppet leader that was obedient to that larger political power.

The countries in question had the option of doing the right thing ... paying for what they stole. They conveniently CHOSE instead to steal it.

I hate it when the British do that shit, amiright? And then with the backing of the US, amiright?

 

[Kosh]

The last bill Congress read was written by CitiGroup (Bank) if I remember right.....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Might explain why Obama was so desperate to sign the bill..

Welcome to politics 2014............................Curious why you point out one person in the ocean of corruption..............
(you do know the Presidents limitations on bills correct?????????)

Obama is the current sitting President..

And Obama has changed those rules..

^Not a very smart post............

He changed NOTHING. This corruption has been happening for years. It just took a Black President for many of you to pay attention...

Obama is the current sitting president, guess you will have to deal with that. Especially given the original post I quoted.

"The last bill Congress read was written by CitiGroup (Bank) if I remember right....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................."

Thus proving that you are making accusation not connected to reality..

On the other hand I pointed out that it would explain why Obama was chomping at the bit to sign the bill..

Thus proving that race baiting comments from the likes of you continue to run the narrative that the far left loves to push..

 

[Kosh]

I have no idea what you are talking about (and evidently neither do you) but it's clear you just don't want to discuss the subject of this thread. BTW, there is little anyone can do when some despotic gov't decides to steal assets at gunpoint from the rightful owners.
(see: Nationalization of oil supplies - Wikipedia the free encyclopedia)

Iran
Since its beginning, Iran's oil industry has experienced expansion and contraction. Rapid growth at the time of World War I declined soon after the start of World War II. Recovery began in 1943 with the reopening of supply routes to the United Kingdom. The oil was produced by what became the Anglo-Iranian Oil Company, but political difficulties arose with the Iranian government in the postwar period.[11]

Iran sought to rid itself of British political influence and the exploitation by AIOC. Negotiations between Anglo-Iranian Oil Company and the government failed and in 1951 the oil industry was nationalized. As a result of Britain's boycott and the Abadan Crisis, Iranian production dropped to virtually zero. On British initiative the CIA overthrew Prime Minister of Iran Mosaddegh in Operation Ajax. Formally the nationalization remained effective, but in practice a consortium of oil companies was allowed in under a by then standard 50/50 profit-sharing deal.

The whole process had left the British a major share in what had been their single most valuable foreign asset. It had stopped the democratic transition in Iran however, leaving its mark for decades to come. The coup is widely believed to have significantly contributed to the 1979 Iranian Revolution after which the oil industry would be nationalized again.

Iraq
The properties of the majors were nationalized totally in Iraq, in 1972.[12] Worldwide oil shortages major oil supplies in the 1970s forced major oil suppliers to look elsewhere for ways to acquire the resource. Under these circumstances, NOCs often came forward as alternative suppliers of oil.[12] Nationalization of the Iraq Petroleum Company (IPC) in 1972 after years of rancor, together with restrictions on oil liftings by all but one of the IPC's former partners, put Iraq at the forefront of direct marketing.[12] Iraq's oil production suffered major damage in the aftermath of the Gulf War. In spite of United Nations sanctions, has been rebuilding war-damaged oil facilities and export terminals.[11] Iraq plans to increase its oil productive capacity to 4 Mbbl/d (640,000 m3/d) in 2000 and 6 Mbbl/d (950,000 m3/d) in 2010.[11]


But, I do know. And so do you.

What your source exposes that in neither seizure of private property (Iran-1951 & Iraq-1972) were the owners compensated. Imagine for a moment that you had been a shareholder in one of the aggrieved corporations. Suddenly your retirement plan was pilfered by people who cared nothing for your loss and you had no recourse. In addition to stealing private property (without compensation)Castro felt compelled to establish the Committees for the Defense of the Revolution. Local CDRs (informants) were tasked with keeping "vigilance against counter-revolutionary activity", keeping a detailed record of each neighborhood’s inhabitants' spending habits, level of contact with foreigners, work and education history, and any "suspicious" behavior. Homosexuals were considered subversives regardless of their productivity or embrace of the revolution. Such is the nature of socialism ... it must be installed and enforced by repressing human rights and it only survives as long as it has OPC (other peeps cash) to support it.

What my source states is that both nation states moved toward nationalization after having been exploited. Imagine for a moment that the owners ripped you off on a repeated basis and then made it a point to control your housing, government, education, etc. They did everything in their power to make sure that you could not make ends meet while they played a larger political game. Suddenly your entire country was hijacked and you had a puppet leader that was obedient to that larger political power.

The countries in question had the option of doing the right thing ... paying for what they stole. They conveniently CHOSE instead to steal it.

I hate it when the British do that shit, amiright? And then with the backing of the US, amiright?

See the far left narrative continues as it is not based on reality..