Venezuela seizes GM plant & assets amidst riots

http://www.nbcnews.com/news/world/general-motors-says-venezuelan-officials-illegally-seize-plant-n748741
General Motors Venezolana, GM's local subsidiary, did not provide any details about the seizure, other than to say the facility "was unexpectedly taken by authorities, preventing normal operations." It said other assets, "such as vehicles," had also been stripped from the site.

Announcing "immediate cessation of its operations in the country," GM accused local officials of causing "irreparable damage" to the company and its 2,678 workers and 79 dealers in the country. GM said it would pay separation benefits "as far as the authorities permit."
So my question is, aside from some assets like office furniture, machinery and petty cash what does the Venezuelan government stand to gain from seizing the plant if there are no workers to run it, or raw materials and components to produce vehicles? Not sure anyone there is making or buying cars anyway, but it seems like a pretty counterproductive thing to do.

Comments

  • edited April 20
    Zed said:

    So my question is, aside from some assets like office furniture, machinery and petty cash what does the Venezuelan government stand to gain from seizing the plant if there are no workers to run it, or raw materials and components to produce vehicles? Not sure anyone there is making or buying cars anyway, but it seems like a pretty counterproductive thing to do.




    Destruction of a potential obstacle to exercise of government power.This is Maoist doctrine. It requires the Party to "liquidate" any potential threat before it becomes a realized threat.

    Sometimes people think that communists confiscate the property of the "rich" because communists are egalitarians and find disparities in wealth distasteful. Though you see that sentiment in Marxism, the doctrinal basis is the required elimination of potential rivals.

    This is why Pol Pot sent people who wore eyeglasses or knew how to read or could speak foreign languages into labor camps. All of those indicate an ability that could be harnessed in opposition to the state or Party.

    It is a tragedy for Venezuela that the coup d'état attempted under GWB did not take hold.
  • Of course, Maduro hasn't presided over the greatest seizure of GM assets.

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  • A year from now they will announce the Revolutionary achievement of manufacturing with these reappropriated assets a new kind of unpleasant tasting toothpaste.
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