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Re:Oil plummets 30% as OPEC deal failure sparks price war fears by mullingitover on Sunday March 08, 2020 @07:14PM (#22521361)
> At the other end is the Middle Eastern countries. Monarchs and despots have largely enriched themselves and their families at the expense of their country and their people.

Iran nationalized their oil industry, and they got a CIA-backed coup for their troubles.

Re:Oil plummets 30% as OPEC deal failure sparks price war fears by quaquaqua1 on Sunday March 08, 2020 @07:23PM (#22521414)
Allende did the same in Chile with the copper mines and CIA delivered the same medicine in kind.

Chile's story is a strange duality of murder and relative economic prosperity. It is extremely difficult to say whether it was "worth it".

But, the most important thing is that we say it happened, just like you did.

Re:Oil plummets 30% as OPEC deal failure sparks price war fears by cbHXBY1D on Sunday March 08, 2020 @10:01PM (#22522264)
The Pinochet "economic miracle" is largely debunked at this point. Naomi Klein has covered this topic extensively in her book, The Shock Doctrine. Here's a relevant passage from her book:

“The only thing that protected Chile from complete economic collapse in the early eighties was that Pinochet had never privatized Codelco, the state copper mine company nationalized by Allende. That one company generated 85 percent of Chile’s export revenues, which meant that when the financial bubble burst, the state still had a steady source of funds…. By 1988, when the economy had stabilized and was growing rapidly, 45 percent of the population had fallen below the poverty line. The richest 10 percent of Chileans, however, had seen their incomes increase by 83 percent. Even in 2007, Chile remained one of the most unequal societies in the world—out of 123 countries in which the United Nations tracks inequality, Chile ranked 116th, making it the eighth most unequal country on the list.”

You can read her go deeper into this subject in her 2008 blog post here: https://naomiklein.org/response-attacks/

The economy under Pinochet was actually quite mediocre:

"By the end of the dictatorship, Chile's average real per capita GDP had grown by only 1.6% per year, a result very close to economic stagnation; 18% of the population was unemployed and 45% below the poverty line. In 1990, Chile’s average GDP per capita, calculated on the basis of purchasing power parity, was only US $4,590, lower than Brazil’s, which at that time, after the “lost decade” of the 1980s, was $6,680. To define this as a "success" is, to say the least, intellectual impudence, if not contemptuous ideological propaganda."

Taken from here: https://www.opendemocracy.net/en/democraciaabierta/myths-abo...

Re:Oil plummets 30% as OPEC deal failure sparks price war fears by nickik on Monday March 09, 2020 @07:20AM (#22524498)
> Naomi Klein has covered this topic extensively in her book, The Shock Doctrine.

Naomi Klein is a incredibly left wing journalist who's conclusion had all already been made before she did the research. I would argue that much of her book is incredibly badly research and bordering on straight up conspiracy theory nonsense. Her book is absolutely not up to any standard of economic or any social science resource.

It is true that Pinochet did not produce some kind of economic miracle. That part is mostly correct.

However one can also argue that the alternative path Allende wanted to go down was incredibly unlike to produce even those results.

Because of how Pinochet was was removed, helped Chile on a different path that was good for it, even if many people still don't like it.

All that said, I'm against US intervention in other countries.

Re:Oil plummets 30% as OPEC deal failure sparks price war fears by me_me_me on Monday March 09, 2020 @01:59PM (#22527797)
there is so many things wrong with this comment that i don't really know where to start...

The shock doctrine is really intersecting book and as far as remember 1/4 of it is just references and links to points she is making or stories she describes

As oppose to your 'leveled unbiased opinion', as its just that - an opinion unsupported by a single fact.

Re:Oil plummets 30% as OPEC deal failure sparks price war fears by nickik on Tuesday March 10, 2020 @06:40AM (#22534332)
Here book was tailor made to be a mass market seller for left leaning semi-educated audience. And in that market it was incredibly successful. And the book is absolutely full of conspiracy theory level accusation about economists and their influence on global foreign policy, and finding references to people who support your opinion isn't exactly hard to find.

My opinion is not unbias, as is nobodies, and I agree with one of the main points, that there was no economic miracle. However taking the whole book at face value will give you a totally distorted one-sided view of the topics.

You might as well read a book by Bill O'Reilly and claim its a balanced an accurate representation on the topics. But of course only Republican journalists are bias.

Re:Oil plummets 30% as OPEC deal failure sparks price war fears by dntbnmpls on Sunday March 08, 2020 @09:18PM (#22522056)
Don't forget bolivia last year. The first native american president got ousted by a international bankers/cia led coup. And of course, the coming overthrow of venezuela in the coming months led by the same culprits.
Re:Oil plummets 30% as OPEC deal failure sparks price war fears by jessaustin on Sunday March 08, 2020 @10:23PM (#22522368)
Happily, it seems their efforts have failed in Venezuela, in vaguely humorous fashion. Juan Guaidó no longer holds any elected office, although he has enjoyed the hundreds of millions of dollars he has received from CIA. (USA taxpayers will put up with literally anything.) There was just a hung jury on the embassy protectors persecution. Hausmann can't figure out whether he is a professor or an IDB rep. Good times!

I still hold out some hope for Bolivia. Of course it's tragic that the new "Christian" coup government has harmed so many indigenous people. In doing so, however, they may have overplayed their hands. Indigenous and unionists aren't knuckling under. There are some inland areas the police and military no longer dare to tread. The coup government that CIA picked out in Bolivia are nearly as hapless as Guaidó and his gang. It will be interesting to see whether Bolivia appears on the popular news in USA once in 2020...

Re:Oil plummets 30% as OPEC deal failure sparks price war fears by ErneX on Sunday March 08, 2020 @11:14PM (#22522678)
Evo had a parallel election office set up to manipulate the results of the election. And before you link the recent "MIT study", yeah please don't. That was paid by Mark Weisbrot, a Hugo Chavez paid shill.

The level of ruin the bolivarian revolution has brought to my country with the help of Cuba is just appalling. At this point we need all the help available, it's been 20 years already of mismanagement and corruption at levels never before seen in the region.

Re:Oil plummets 30% as OPEC deal failure sparks price war fears by bosswipe on Monday March 09, 2020 @01:54AM (#22523282)
Bolivia's GDP has more than doubled in that time period.
Re:Oil plummets 30% as OPEC deal failure sparks price war fears by dntbnmpls on Monday March 09, 2020 @02:36AM (#22523430)
> Happily, it seems their efforts have failed in Venezuela, in vaguely humorous fashion

I think you are underestimating the international bankers' power and resolve. Guaido was a special guest at the state of the union address and both parties along with trump praised him and gave him a standing ovation. Something like that doesn't happen unless a coup in venezuela is pre-ordianed. It also shows that politics and the divisive theatrics are just for show. They are distractions to dupe the american people. Both parties and trump serve the same international banking masters, not the american people.

> It will be interesting to see whether Bolivia appears on the popular news in USA once in 2020...

It won't.

What's interesting is the sudden rise of the pro-coup messaging on social media and of the course the odd downvoting of comments pointing out the coups. I guess the bankers' weren't happy just buying nytimes op-eds. Now they are trying to buy social media influence.

https://www.nytimes.com/2019/04/01/opinion/contributors/vene...

Joanna Hausmann is a daughter of a "venezuelan" banker who got ousted by venezuelans. She is a youtuber "comedian" and I guess that is good enough to get an op-ed piece on the nytimes about a major geo-politic issue. But then again, the nytimes was created by a banker...

Re:Oil plummets 30% as OPEC deal failure sparks price war fears by jessaustin on Monday March 09, 2020 @12:42PM (#22526819)
Sure, the coup is preordained, but it has been for so long it's starting to smell a bit stale. Gargamel has been hanging around for over a year now. I always suspected he was the sort of loser one appoints when one sort of wants the whole project to fizzle out ignominiously. What's the old saw? Something about "B-level people hire C-level people"? The elected government of Venezuela has been careful to let Guaidó run amok without arresting him or hampering his travel. Now that his erstwhile allies have realized he isn't going to an martyr anytime soon, they're less interested.

CIA themselves are on shakier ground than they used to be. They expected to be ordering Pres. Pence around by now. Now the "grown-up" Democrats have "chosen" Biden (as I predicted in 2017), with whom Trump will play as a cat torments a mouse. Say what you will about his speed habit, at least the Cheeto isn't already sundowning halfway through the afternoon. After he wins this year, Trump will be far more interested in shuttering CIA than in tolerating their further misadventures abroad.

Above, I was actually referring to Hausmann père, not Hausmann fille. The Hausmann (what a traditional Venezuelan name!) family run sort of a low-rent one-stop yes-we'll-take-black-budget-funds shop. Prof. Hausmann is at the K-school, which I guess explains why he didn't actually stop working for Guaidó when he promised Harvard administration he would. He's hoping to land at CFR...

Re:Oil plummets 30% as OPEC deal failure sparks price war fears by HenryBemis on Sunday March 08, 2020 @09:55PM (#22522233)
Typical resource curse. Corruption to the max (African countries with diamonds, every non-western country with oil).

Venezuela also nationalised their oil industry with Chavez but they were already in a very weak spot and of course not a nuclear power (or close to being one). Oil price dropping was the huff&puff that brought the house down.

Re:Oil plummets 30% as OPEC deal failure sparks price war fears by lettergram on Sunday March 08, 2020 @10:11PM (#22522314)
Corruption is common in every country, some countries are just better at propaganda.

Have you seen the film “There will be blood”? While not biographical, the gist is people were and are willing to do what it takes to “win”.

Re:Oil plummets 30% as OPEC deal failure sparks price war fears by jrumbut on Sunday March 08, 2020 @10:49PM (#22522521)
In the US I have gotten or been part of getting a driver's license, building permits, government jobs, and government contracts and have never paid a bribe, been offered one, or seen someone else do so except in a newspaper story.

I don't know if the cynicism is warranted or helpful really. Of course every country has bad actors and every system has problems but there are real differences and improvements possible.

Re:Oil plummets 30% as OPEC deal failure sparks price war fears by hdb1 on Monday March 09, 2020 @07:19AM (#22524496)
This is a terrible anecdote. I'm brazillian, and my country is factually one of the most corrupt in the world, and I have done all of this things (in fact I work in government), and have never paid or seen or even heard of anyone paying a bribe (other than in the news, like you).

People have a very bad idea of what corruption actually is. Low level bribes don't really make a difference anywhere. What really matters is corruption at the highest levels, that change how the whole economy works, and these you only hear when the (proverbial) dam breaks.

Re:Oil plummets 30% as OPEC deal failure sparks price war fears by xbmcuser on Sunday March 08, 2020 @11:25PM (#22522731)
In low corruption countries there is corruption but at a larger scale at a higher level as few people would want to risk it unless we are talking millions. Or it's legalised like in the us in the name of political donations. These same Western companies pay bribes and do corruption in the third world and are even protected by their governments.
Re:Oil plummets 30% as OPEC deal failure sparks price war fears by anticodon on Monday March 09, 2020 @02:29AM (#22523401)
In the US corruption happens at the very high level, where it's hard to be seen. One tiny example is the murder of Epstein.

Also, US simply made significant portion of corruption legal by calling it lobbying. In all the other countries it's a corruption, but not in US because they simply renamed it.

Re:Oil plummets 30% as OPEC deal failure sparks price war fears by anon9001 on Monday March 09, 2020 @03:25AM (#22523590)
> One tiny example is the murder of Epstein.

Really interesting one because it drifted from being the most likely theory to a "conspiracy theory" pretty rapidly. Once Barr said he was going to get the bottom of it, the media coverage mostly dried up.

Re:Oil plummets 30% as OPEC deal failure sparks price war fears by grandmczeb on Monday March 09, 2020 @03:24AM (#22523585)
> US simply made significant portion of corruption legal by calling it lobbying

Lobbying is legal in every free country on earth. What specifically are you referring to?

Re:Oil plummets 30% as OPEC deal failure sparks price war fears by newyankee on Sunday March 08, 2020 @11:20PM (#22522708)
The difference is US or Western countries are already mature. I am sure different types of corruption existed there in 19th century when the country was still expanding.

Off course culture of people matter but systemic rot arises when existing people work in what essentially is sometimes a negative sum game. Fights between heterogeneous groups over limited resources exist and far too often much powerful foreign powers do interfere to make the best of the situation for themselves.

Re:Oil plummets 30% as OPEC deal failure sparks price war fears by warlog on Monday March 09, 2020 @12:54AM (#22523084)
Lobbying Congress.

Do you vote in elections? Why? Your options(tm) have been pre-purposed so nothing you do matters.

This is the highest form of corruption.

Re:Oil plummets 30% as OPEC deal failure sparks price war fears by ALittleLight on Monday March 09, 2020 @01:28AM (#22523192)
You can work with the parties or vote at a local level. At the national level your vote feels infinitesimal because it is. You get 1 300 millionth a say in who the next President is, for example.

That's not really corruption so much as it is not having much of a say in who the national leaders are. As the other comment mentioned, corruption is more like having to pay bribes to the police at traffic stops, bribes to get government services, etc.

In some countries, if I were stopped by the police I'd fully expect and try to "Can I pay the fine here?" In the US I'd fully expect that trying to do so would get me worse legal trouble.

Corruption is world wide, no doubt, but it doesn't occur with the same frequency worldwide.

Re:Oil plummets 30% as OPEC deal failure sparks price war fears by fbi-director on Monday March 09, 2020 @04:44AM (#22523918)
Think bigger than what you see on the news please.

What you're describing is low level corruption. Now consider how many construction projects and government services are being 'outsourced' or 'privatized' and take wild guess how much money is ending up in the wrong pockets at that game. Not to mention the lack of quality control and general oversight that often comes along with it.

That's much worse than some traffic cops taking a cut or bribe. Which is also bad. But first the major corruption should be dealt with.

Re:Oil plummets 30% as OPEC deal failure sparks price war fears by sporkland on Monday March 09, 2020 @10:26AM (#22525584)
I wish my vote was 1 out or 300 million at a federal level. Due to the electoral college my vote in California is worth 1/3rd what someone in Wyoming's is worth.
Re:Oil plummets 30% as OPEC deal failure sparks price war fears by ncmncm on Sunday March 08, 2020 @11:51PM (#22522851)
In the US, corruption is centralized and explicitly legal, so not labeled corruption. It's conducted wholesale, not retail as in less organized countries. Individual functionaries would be in competition, so any such activity is crushed ruthlessly where it appears. Meanwhile, bribing politicians pays 1000x+, and automated "trading" produces billionaires. The resentment that drove populism is well-founded, but (cleverly) misdirected.
Re:Oil plummets 30% as OPEC deal failure sparks price war fears by ErneX on Sunday March 08, 2020 @11:05PM (#22522620)
Venezuela nationalised its oil industry in 1976 (Carlos Andrés 1st term)
Re:Oil plummets 30% as OPEC deal failure sparks price war fears by Gibbon1 on Sunday March 08, 2020 @07:52PM (#22521591)
I wondered how Mexico nationalized it's oil industry and found out what happened was they nationalized in 1938. Before the oil companies and wall street could really move against them WWII started and the issue became moot.
Re:Oil plummets 30% as OPEC deal failure sparks price war fears by oh_sigh on Sunday March 08, 2020 @07:29PM (#22521449)
As most people do who talk about this online, you neglect to mention that in the lead up to the coup, Mossadegh was constitutionally dismissed and yet tried to hold onto power. Doesn't that make him the attempted usurper? It's not like the US put their own figurehead in government after the coup. They just gave it back to the person who was literally the head of the recognized state.

https://en.m.wikipedia.org/wiki/1953_Iranian_coup_d%27état

> On Saturday 15 August, Colonel Nematollah Nassiri,[14] the commander of the Imperial Guard, delivered to Mosaddegh a firman from the Shah dismissing him. Mosaddegh, who had been warned of the plot, probably by the Communist Tudeh Party, rejected the firman and had Nassiri arrested.[53][54][55] Mosaddegh argued at his trial after the coup that under the Iranian constitutional monarchy, the Shah had no constitutional right to issue an order for the elected Prime Minister's dismissal without Parliament's consent. However, the constitution at the time did allow for such an action, which Mosaddegh considered unfair.

"The laws not fair! I wanted to be a dictator but it wouldn't let me"

Re:Oil plummets 30% as OPEC deal failure sparks price war fears by boomboomsubban on Sunday March 08, 2020 @07:45PM (#22521549)
>"The laws not fair! I wanted to be a dictator but it wouldn't let me"

At worst you can say he wanted to be dictator but the dictator wouldn't let him, but arguing that somehow Mosaddegh is the bad guy for resisting such an obvious power grab is ridiculous. Being constitutional doesn't excuse a coup.

Re:Oil plummets 30% as OPEC deal failure sparks price war fears by oh_sigh on Sunday March 08, 2020 @08:39PM (#22521850)
Mossadegh was the one who grabbed power, by not following a constitutional order.
Re:Oil plummets 30% as OPEC deal failure sparks price war fears by boomboomsubban on Monday March 09, 2020 @04:42AM (#22523914)
This line of thinking might work if there hadn't been a coup by the Shah shortly after this incident. It's clear the Shah was aiming to be dictator, whether he could find a constitutional justification for it or not.
Re:Oil plummets 30% as OPEC deal failure sparks price war fears by throwlaplace on Sunday March 08, 2020 @07:42PM (#22521528)
because there are literally declassified docs that show the point was the oil and not "democracy". this is like saying the american civil war was about states rights. it's called a pretext and if it weren't for declassified docs in this case (and secessionist writing in the other case) we'd never hear the end of it (but since all that documentation does exist, it can in fact be neglected)

Declassified Documents Reveal CIA Role In 1953 Iranian Coup : NPR https://www.npr.org/2013/09/01/217976304/declassified-docume...

For the last time, the American Civil War was not about states’ rights — Quartz https://qz.com/378533/for-the-last-time-the-american-civil-w...

Re:Oil plummets 30% as OPEC deal failure sparks price war fears by jessaustin on Sunday March 08, 2020 @10:27PM (#22522394)
It's pretty shabby to argue in support of monarchy. It's much worse when the monarch in question is a wholly-owned asset of foreign spies and oil tycoons.
Re:Oil plummets 30% as OPEC deal failure sparks price war fears by TFortunato on Sunday March 08, 2020 @08:38PM (#22521846)
That is an astoundingly selective reading of the article you linked...
Re:Oil plummets 30% as OPEC deal failure sparks price war fears by oh_sigh on Monday March 09, 2020 @12:16AM (#22522952)
Is it more or less selective than OP who apparently thinks that the only reason for the coup was because Iran nationalized their oil industry?
Re:Oil plummets 30% as OPEC deal failure sparks price war fears by throwlaplace on Monday March 09, 2020 @12:59AM (#22523100)
Historical revisionism - Wikipedia https://en.m.wikipedia.org/wiki/Historical_revisionism

>In historiography, the term historical revisionism identifies the re-interpretation of the historical record. It usually means challenging the orthodox (established, accepted or traditional) views held by professional scholars about a historical event, introducing contrary evidence, or reinterpreting the motivations and decisions of the people involved.