It was clear a priori that Cristina Fernández de Kirchner's decision to nationalize 51% of Yacimientos Petroliferos Fiscales (YPF) in which Spain's flagship oil producer Repsol owned a majority stake would trigger an avalanche of condemnations in the West.
The step was announced by the Argentinian leader on April 16 and, moreover, it became known within days that the Argentinian government was similarly eying YPF Gas. Spain and the West as a whole immediately saw Argentina's renationalization agenda as a direct challenge, in part due to the fact that if the country proceeds with the plans unpunished, quite a few of its peers might follow suit.
It should be borne in mind that Latin America was the epicenter of the neoliberal reform that swept across the world in the 1980ies. In the epoch, politicians, the media people, and financial players - a community on the payroll of the Bilderbergers' shadowy world government - eagerly subscribed to the universality of the solution offered by market liberalization. With an overarching justification derived from the radical doctrine, privatization campaigns took off in various parts of the continent from Mexico to Argentina and Chile, typically reaching breakneck proportions in the countries run by dictatorial regimes. The originally Chilean pattern of displacing the legitimate government to pave the way for predatory reforms – a combination of media allegations with deliberate disruptions of the supply of necessities to the outraged population – was extensively replicated by the neoliberal forces worldwide. Read More