Saturday, December 26, 2009

Point of Clarification – Terminology: Posted to on 12/26/09

The word "Bank" makes me shudder.

In Business School, we learned that "Banks" were investor owned.

Surely the nationalization of such implies that the government will be holding ownership shares in trust for the benefit of the poor and the workers. While nationalist borders are not ideal, such would seem to be a prudent intermediary step, given that the administrators are not corrupt.

Consistent with Hugo's Communitarian philosophy those assets need to be applied to community betterment projects and a portion of not-for-profit endeavors earmarked for other programs and projects.

Certainly, Chinese know-how could be helpful to the folks of ASA, but "investments"? (Which seem contradictory to the non-exploitation goals being espoused and carried out by Mr. Chavez).

In Peace, Friendwalkin', Community, Cooperation, and Solidarity,

Mike Morin
Eugene, OR, USA

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