Before I get into discussing the seizure of EXITO stores by chavista goons today I thought that it would be good to add a sense of perspective. The major stockholder of the CATIVEN group which holds EXITO and CADA is the Casino group of France. They declared today that losing the EXITO stores would simply not affect their balance sheets because the Venezuelan operation represents about 1% of its turnover and almost zero profit. So here, at home, we have been anguishing over the EXITO takeover, watching workers fighting it out among themselves, thinking for ourselves it was a big deal, wondering how it will affect our access to increasingly scarce and expensive items, when in fact EXITO is almost irrelevant for its owner.
I cannot think of a better example to illustrate how irrelevant Venezuela is becoming in a globalized economy. Imagine what we will represent in 5 years from now if Chavez does not leave office. No more than a mediocre occasional oil supplier?
Tuesday, January 19, 2010
10 comments:
Comments policy:
1) Comments are moderated except for the first day of the post publication where they will appear immediately. If you comment after the first day it may take up to a day or two for your note to appear.
2) Your post will appear if you follow the following rules. If you wrote in the open window period, I will be ruthless in erasing any comment that do not follow these rules, as well as those who replied to that off rule comment.
3)COMMENT RULES:
Do not be repetitive.
Do not bring grudges and fights from other blogs here (this is the strictest rule).
This is an anti Chavez blog, with 95% anti Chavez readers that have made up their minds over fourteen years and thus trying to prove us wrong is considered a troll. Still, you are welcome as a chavista to post, in particular if you want to explain us coherently as to why chavismo does this or that. Though I am not holding my breath.
Of course insults and put downs are frowned upon and I will be sole judge on whether to publish them.
Subscribe to:
Post Comments (Atom)
Human Rights violations in Venezuela, from the Tascon list to political prisoners.
- Amnesty International Venezuela's page
- Human Rights Watch Venezuela's page
- COFAVIC page (in spanish)
- Tell Chavez you will not accept his having political prisoners
- A review of the video "La Lista" detailing all the abuses of the Tascon list
- Miguel's compilation
- A summary of 20 lies about the video "The Revolution will not be televised"
- The video debunking the April 11 2002 governmental lies
- "La Cadena", a video explaining how Chavez tried to hide the reality of April 11 2002 by bloc king TV news
I just finished watching this on Globovision. I feel so sorry for the workers of Cativen. One could see that where the seizure hadn't taken place the workers were totally protesting it, fearing for their job security and citing countless examples of government seized private industries that don't pay their workers anymore. I wonder Daniel if you could take some pictures of EXITO today and take some in maybe 3 or 4 months so a comparison can be made (stocked items, variety of items, prices, general conditions of the store etc). Love your blog! Keep it up.
ReplyDeleteone man's trash is another's treasure, or i guess th chavecistas are just fighting for the leftover bones
ReplyDeleteIf an established, successful organization like the Casino group can't make money on that chain, just imagine how profitable it will be in the hands of the Chavistas.
ReplyDeleteEl Mucho Macho will not leave office until someone down there grows a pair and shoots his goofy ass....it doesnt get any more complicated than that.
ReplyDeleteUltimately the Venz people are to blame and reaping their just rewards for silliness and laziness.
Your ONLY hope is if Hugo becomes stupid and dillusional enough to pick a fight with Columbia or the USA vis Dutch Islands, then it will end quickly.
AIO!
ReplyDeleteExactly! It is nice to know that some US guy can appreciate the French success at merchandising :)
Could Wal Mart make it in Venezuela?
Sheik
ReplyDeleteSo when is someone going to grow a pair and shoot Obama?
Really............
Daniel said:
ReplyDelete"Imagine what we will represent in 5 years from now if Chavez does not leave office."
I would be very surprised if he lasts 3 months. It will be very interesting to see what happens in the March on Saturday.
His paranoia is so high right now that he may react very harshly.
Did you see the marks on his face & under his right eye. That's from lack of sleep caused by his paranoia IMO.
Off-topic: Did Chavo really blame the US for causing the earthquake?
ReplyDeletehttp://informe21.com/hugo-chavez/vive-tv-estados-unidos-culpable-provocar-terremoto-haiti
Walmart would do no better in Venezuela... same problem importing and divisas, the sindicatos would wreak havoc, etc.
ReplyDeleteNot even all mighty Wal-Mart could make it if it had to work with the corrupt exchange system in Venezuela.
ReplyDeleteSheik yer Bouti's solution is the only one available.
Alejo, VZLA Paraiso Perdido