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December 26, 2009 Chavez to foreign automakers: share your technology or get out
It's never been publicly acknowledged, but a lot of Soviet era weaponry was based, if not copied, from plans stolen from NATO or the U.S.
This is because socialism is inept at creating anything new. It is a system that discourages innovation. Thinking outside the box is almost non-existent due to a deadening conformity that permeates research and development. That would explain the desperation of Hugo Chavez in trying to steal technological secrets from foreign automakers, as this BBC article explains: Venezuela's President Hugo Chavez has told car companies they must share their technology with local businesses or leave the country.(HT: Q & O via Hot Air ) It's Chavez's own currency restrictions that is hamstringing the automakers as it is very difficult to pay for the parts they need to make a profit. That kind of thing has never stopped Hugo. In fact, nothing appears to stop this raving socialist from continuing the ruination of his own country's economy. |
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