‘End of capitalism’: Bolivia to expel Coca-Cola in wake of 2012 Mayan ‘apocalypse’

A woman stands on a street corner in Oruro, a Bolivian mining town in the Andes Mountains

In a symbolic rejection of US capitalism, Bolivia announced it will expel the Coca-Cola Company from the country at the end of the Mayan calendar. This will mark the end of capitalism and usher in a new era of equality, the Bolivian govt says.

“December 21 of 2012 will be the end of egoism and division. December 21 should be the end of Coca-Cola,” Bolivian foreign minister David Choquehuanca decreed, with bombast worthy of a viral marketing campaign.

The coming ‘end’ of the Mayan lunar calendar on December 21 of this year has sparked widespread doomsaying of an impending apocalypse. But Choquehuanca argued differently, claiming it will be the end of days for capitalism, not the planet. Continue reading

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Gobierno boliviano nacionaliza filial de Red Eléctrica española

La nacionalización garantiza la continuidad laboral y demás derechos de todos los trabajadores de la empresa Transportadora de Electricidad SA, con relación a su antigüedad y demás derechos y beneficios sociales.

El presidente de Bolivia, Evo Morales, ha nacionalizado las acciones que Red Eléctrica Internacional, filial de Red Eléctrica Española, posee en la empresa Transportadora de Electricidad (TDE), y ha ordenado al comandante en jefe de las Fuerzas Armadas, Tito Gandarillas, que “tome las instalaciones de la administración y la operación” de la empresa.

El jefe de Estado dijo que su Gobierno asumió esa decisión como un justo reconocimiento a los trabajadores y al pueblo boliviano que “ha luchado por la recuperación de los Recursos Naturales y de los servicios básicos”, al recordar la nacionalización, en la misma fecha, de los hidrocarburos, de las telecomunicaciones y de las plantas de generación de energía eléctrica. Continue reading

Bolivia nationalises Spanish-owned electricity firm

Evo Morales said he was nationalising the company in the name of the Bolivian people

Bolivian President Evo Morales has nationalised a Spanish-owned electric power company.

Mr Morales ordered the military to take over the subsidiary of Spanish power company REE, which owns and runs around three-quarters of Bolivia’s power grid.

Mr Morales said he had ordered the move in honour of the Bolivian people fighting to regain control of their natural resources.

Last month Argentina took control of Spanish-owned oil company YPF.

Speaking at a May Day ceremony, President Morales said that “in honour of all Bolivian people who have struggled to recuperate our natural resources and basic services, we are nationalising Transportadora de Electricidad (TDE)”.

‘Failure to invest’

He said he was expropriating the company because it had failed to invest sufficiently in Bolivia.

Spanish power company REE bought 99.94% of shares in TDE in 2002. The remaining 0.06% are in the hands of the Bolivian employees of TDE. Continue reading