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Brazil Gave Away World's Second Largest Mining Complex. The People Want it Back PDF Print E-mail
2007 - November 2007
Written by Eugenio Fernández Vázquez   
Tuesday, 27 November 2007 19:00

A CVRD train In a plebiscite organized by 200 social organizations from Brazil, almost four million people demanded that the CVRD (Companhia Vale do Rio Doce), the second largest mining company in the world, be put back in the hands of the Brazilian government.

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Comments (10)Add Comment
funny
written by hb, November 28, 2007

People that pay attention to the noise MST makes are idiots. This is the usual stupidity you see across the world though. Commodity companies are greedy, commodity companies are this or that. Commodity companies like Vale hadn't been doing anything for ages. China and India increased demand causing commodity prices to skyrocket, thus creating the current commodity boom, and all of the sudden people think this is the norm.
Again, this is the usual case of ignorant people without an argument making enough noise to grab the attention and support of other ignorant people. It's just how it is, it happens everywhere, and the best thing to do is to disregard such clear and evident ignorance.
and the countries where Vale......
written by ch.c., November 29, 2007
bought other companies such as INCO and many others.....ALSO WANT THEIR COMPANIES BACK TO THEIR COUNTRY.
Of course, these compaanies were also bought to cheap.
And of course these countries, similar to the MST & NGOs also believe they should get back their companies....but obviously not pay back the multi billion and billion of US$ they received !

Fair deal....using the MST common sense !

smilies/grin.gif smilies/cheesy.gif smilies/grin.gif smilies/cheesy.gif
MST
written by jakob, November 29, 2007
MST... Give me a break. From what I've seen it's a bunch of loosers invading private properties, thinking that's absolutely "normal" and "fair". And after the shootings, they wonder why the owner hired pistoleiros to drive them off his lands.

MST is one of the most obnoxious things I've seen in Brazil. It seems, however, that the Brazilian government gives some legitimacy to this "movement".
Jakob
written by João da Silva, November 29, 2007
MST is one of the most obnoxious things I've seen in Brazil. It seems, however, that the Brazilian government gives some legitimacy to this "movement".


That is because the government has a strong electoral base in MST. Not only in MST, but in CUT and UNE also. Since you mentioned (in another thread) that you are an European and a new comer to Brasil, you may not know what CUT and UNE are. But you will discover soon!!
If it happened...
written by me, November 30, 2007
If it happened that CVRD were nationalized, one would see a capital flight from Brazil of historic proportions, as foreign investors became concerned about the stability of their other investments. This would have the effect of wrecking the Brazilian economy for a period of some years.
...
written by aes, November 30, 2007
No statute of limitations. And when the State declares there is no private property and comes to take your property, because it was sold too cheaply and there were irregularities and and and? What then? We have Chavezian economics. Everything is owned by the State by the People. Except the Indiginous Natives, we wont go back that far and return their land. Hell their not even Brazilians.
...
written by Eduardo C., December 04, 2007
Majority capital?? smilies/smiley.gif smilies/wink.gif Gringo lunático e burro
What a bunch of nonsense!
written by Marcos Carvalho, December 05, 2007
It's a shame that people still believe these ludicrous conspiracy theories that the state somehow 'gave away' CVRD. The State did what it had to, the Brazilian government like most governments was ill equipped to administrate CVRD. Today the company is a success story because of privatization and contributes more to Brazlian society in taxes, jobs and infrastrtuctural investments than it ever did when it was a state-run company. Back then, all CVRD ever did was suck money out of tax payers' pockets, and line politicians' pockets with it. The people funding and leading this plebiscite are being used by those same politicians that profitted from CVRD when it was in the State's hands.
Marcos Carvalho
written by João da Silva, December 05, 2007
It's a shame that people still believe these ludicrous conspiracy theories that the state somehow 'gave away' CVRD.


Sorry Marcos, it was not a conspiracy, but dishonesty and greed on the part of politicians from PSDB,PFL,PMDB, etc; They started the whole process right from 1985 and FHC consummated it.If you really look at the figures for which the state owned companies (including CVRD) were sold, you would understand what I am saying.

In general, the strategy was to kill a state owned company by filling up with the cronies that mismanaged it,show to the society that it is a white elephant and sell it for a song.

Just wait for some more surprises during the next 3 years .
João da Silva
written by Lloyd Cata, December 11, 2007
- In general, the strategy was to kill a state owned company by filling up with the cronies that mismanaged it,show to the society that it is a white elephant and sell it for a song. -

How many times, in how many places do we see the same thing? Enterprises run by the state performing as personal fiefdoms of the politicians and their cronies. Many of these enterprises are monopolies ensured to amass huge profits. This is not only in Brazil. US government cannot run post office or trains, but we allow them to run social services. If they can't run a company that should not be able to lose money, how in the world are they supposed to be trusted to operate money for people who have no voice in society?

The answer is not to sell the operation, but to 'outsource' the peoples work to professional managers, and definitely not to the brothers, cousins, and friends. Two of the most corrupt agencies in the US are the Bureau of Indian Affairs and the Bureau of Land Management. It does not matter which party is in power, BIA and BLM put their best 'money friends' to run these agencies. It goes on and on and the US people are powerless to change.

Lacking professional management should not be the excuse to 'give away' the rightful inheritance of the people. There are many professional management companies to ensure profitable operations. Too bad that politicos and their cronies are allowed to run these agencies into the ground and then sell them to friends or outsiders for the 'big payoff'. It is a disgusting practice that surely raises the calls for nationalism and socialism.

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