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hack89

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48. They need dollars to purchase the raw materials.

Reply to seabeckind (Reply #47)

Tue Jul 12, 2016, 11:39 AM

Jul 2016

that is why VZ can't import raw materials, food or medicines - they lack US dollars.

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Kimberly-Clark: Venezuela seizes and re-opens US-owned factory [View all] Little Tich Jul 2016 OP

I wonder if they were lying about not being able to get raw materials if not then I wonder cstanleytech Jul 2016 #1

The way it gets everything else, steal them. nt 7962 Jul 2016 #5

Why should they, they make more money if they have toilet paper to sell anigbrowl Jul 2016 #56

and venezuela continues to double down on failed policies. Statistical Jul 2016 #2

So once again, the govt steals assets. More failures for the "revolution"! 7962 Jul 2016 #3

yay socialism! nt Elmergantry Jul 2016 #4

People need toilet paper, Venezuela has to do what it has to do. BlueEye Jul 2016 #6

Of course K-C will be fine. By their statement they have pretty much written off the theft ... Statistical Jul 2016 #7

Good point. BlueEye Jul 2016 #8

"government takeovers... actually sometimes make sense." jonno99 Jul 2016 #13

Hire a guy who knows how to keep a factory running? seabeckind Jul 2016 #17

How do they get the raw materials they need? hack89 Jul 2016 #20

That's the reason K-C gave. seabeckind Jul 2016 #23

Industry after industry is shutting down in VZ because there are no dollars to import materials hack89 Jul 2016 #28

Ahh, moving the goal posts are we? seabeckind Jul 2016 #33

We are talking about being able to buy raw material. Which require dollars hack89 Jul 2016 #35

It's not moving the goal posts if both phenomena have the same underlying cause anigbrowl Jul 2016 #60

I'm pretty sure Kimberly-Clark already has people who know to run toilet paper factories anigbrowl Jul 2016 #58

I have no doubt they do. seabeckind Jul 2016 #64

Good luck manufacturing something without any raw materials anigbrowl Jul 2016 #78

All we have is the company saying they couldn't get raw materials seabeckind Jul 2016 #80

Well given how widespread this problem is I find them a lot more credible than you anigbrowl Jul 2016 #83

This sort of thing is usually a spiral downwards. Igel Jul 2016 #14

Crisis is management is appropriate for an external shock anigbrowl Jul 2016 #57

What's the primary goal of K-C? Make a profit. seabeckind Jul 2016 #18

If onlye the government would take over every factory and remove the profit motive Loki Liesmith Jul 2016 #19

You might check out the Mondragon Corporation. seabeckind Jul 2016 #30

Bankruptcy of Mondragon company demonstrates limits of cooperation under capitalism AntiBank Jul 2016 #115

Isn't that true of all businesses? seabeckind Jul 2016 #117

That still doesn't solve the problem of raw materials hack89 Jul 2016 #21

What makes you think that supply of raw materials is the reason? seabeckind Jul 2016 #24

Because the OP specifically states it is the reason hack89 Jul 2016 #26

And you believe everything a news release from a corporation says. seabeckind Jul 2016 #41

When multiple news sources both foreign and domestic hack89 Jul 2016 #42

And the commonality in those source's source is???? Tada! seabeckind Jul 2016 #43

Reporters on the ground and the people they interview hack89 Jul 2016 #44

Assuming that the general access to information seabeckind Jul 2016 #45

So after hundreds of companies shut down because of a lack of dollars hack89 Jul 2016 #46

I thought it was a lack of raw materials. seabeckind Jul 2016 #47

They need dollars to purchase the raw materials. hack89 Jul 2016 #48

It's difficult to obtain raw materials if nobody will sell them to you because you have no money anigbrowl Jul 2016 #62

They should seize the raw materials too! Throd Jul 2016 #63

Oh dear anigbrowl Jul 2016 #61

I really hate to break this to you but..... they closed the factory. seabeckind Jul 2016 #67

And you apparently think they did this because they couldn't figure out how to run it. nt anigbrowl Jul 2016 #77

Don't know, don't care. seabeckind Jul 2016 #81

You're Being Ridiculous ProfessorGAC Jul 2016 #112

Nope, that wasn't the premise at all. seabeckind Jul 2016 #116

You're Simply Wrong ProfessorGAC Jul 2016 #124

I never said that there was not a negative profitablilty seabeckind Jul 2016 #127

This is why there can be no trade with Socialist governments. MohRokTah Jul 2016 #9

Guess it all depends on what you mean by socialist.. Statistical Jul 2016 #10

You forgot to add GulfCoast66 Jul 2016 #25

The key word is regulated. seabeckind Jul 2016 #29

Agreeded GulfCoast66 Jul 2016 #36

As contrasted with capitalists, guillaumeb Jul 2016 #51

Yeah those darn Swedish people and their socialism! Rex Jul 2016 #54

That's a very Republican... scscholar Jul 2016 #59

. MohRokTah Jul 2016 #88

You failed to explain your opinion that seizing privately-held property... scscholar Jul 2016 #89

It helps? Throd Jul 2016 #92

I don't answer personal attacks. eom MohRokTah Jul 2016 #93

What will those workers do with no raw materials? Archae Jul 2016 #11

Turn a bunch of their useless currency into toilet paper? n/t christx30 Jul 2016 #12

Already done. Igel Jul 2016 #15

squeeze the charmin DustyJoe Jul 2016 #32

Interesting situation, isn't it? seabeckind Jul 2016 #16

The government could help Kimberly-Clark get the raw materials they need. hack89 Jul 2016 #22

Think anyone noticed how you deftly avoided all my points? seabeckind Jul 2016 #27

Except K-C is only one of many business shutting down. hack89 Jul 2016 #31

Moving goal post. seabeckind Jul 2016 #34

VZ economy contracted 15% last year and will contract even more this year. Inflation is over 700% hack89 Jul 2016 #37

What do you say about the airlines christx30 Jul 2016 #38

Nothing. I guess travel in and out of Venezuela will have to be done without them. seabeckind Jul 2016 #40

A country turning away from air travel is not a good thing hack89 Jul 2016 #49

Nice quantum leap you did there. seabeckind Jul 2016 #69

Every business model in VZ requires dollars hack89 Jul 2016 #71

I'm sure that makes sense somewhere seabeckind Jul 2016 #79

VZ can't feed their population. Their health care system has collapsed hack89 Jul 2016 #84

there is no business model in which your costs consistently exceed your revenue anigbrowl Jul 2016 #74

You just said Lufthansa lost $100 million. seabeckind Jul 2016 #82

How will Air France get the dollars they need? nt hack89 Jul 2016 #85

Maybe they got smarter people than Lufthansa. seabeckind Jul 2016 #86

Why can't they get dollars from the government? hack89 Jul 2016 #91

The way it was supposed to work was that christx30 Jul 2016 #96

And Venezuela becoming more isolated is good how exactly? Marksman_91 Jul 2016 #50

OMG anigbrowl Jul 2016 #73

Oh noes, cue the fainting couch. seabeckind Jul 2016 #76

How can any airline survive in VZ? hack89 Jul 2016 #94

The carrier factory will not be abandoned Travis_0004 Jul 2016 #65

Why do you assume only 2 alternatives? seabeckind Jul 2016 #98

I realize that patents came from the workers, but they were paid for that Travis_0004 Jul 2016 #102

Actually the engineering part is in Indiana. seabeckind Jul 2016 #105

For sure will there be a market for those furnaces, correct? FrodosPet Jul 2016 #103

Really cool strawmen you have there seabeckind Jul 2016 #106

Lots of socialists say "Nationalize" all the time FrodosPet Jul 2016 #122

Oh boy, a new strawman. seabeckind Jul 2016 #123

Hmm, law and economics seem unfamiliar to you anigbrowl Jul 2016 #72

Eminent domain... not just for dinner seabeckind Jul 2016 #90

Forest? Really? GulfCoast66 Jul 2016 #119

Forest. Really. seabeckind Jul 2016 #121

Have you ever been in a paper or pulp mill? GulfCoast66 Jul 2016 #128

Why yes, I have. seabeckind Jul 2016 #129

I would love to find myself in a country with lots of small toilet paper makers GulfCoast66 Jul 2016 #130

Your arguments get more and more absurd. seabeckind Jul 2016 #131

I look forward GulfCoast66 Jul 2016 #133

that will make the corn haulers happy SheriffBob Jul 2016 #136

Abandonment. seabeckind Jul 2016 #39

Great job of taking on a number of defenders guillaumeb Jul 2016 #52

If that's your idea of a great job then I shudder to think what you consider a bad one anigbrowl Jul 2016 #75

The anti-Venezuela arguments proffered here by guillaumeb Jul 2016 #118

There's more evidence that indicates that Vzla's current crisis is due to the Ven govmnt's actions Marksman_91 Jul 2016 #120

The election of Hugo Chavez caused Venezuela to become a target of the US, guillaumeb Jul 2016 #125

The US never liked Chavez Marksman_91 Jul 2016 #134

This message was self-deleted by its author mahatmakanejeeves Jul 2016 #114

So K-C said they had no intention of ever returning or reopening? hack89 Jul 2016 #53

Maybe? Bradical79 Jul 2016 #126

Nice. I applaud you for dealing with fact free replies. Rex Jul 2016 #55

That poster refuses to even admit VZ's eeconomy is collapsing hack89 Jul 2016 #68

Hmm, maybe you should come visit Venezuela Marksman_91 Jul 2016 #66

I think it has much more to do with the Chicago economic principles. seabeckind Jul 2016 #70

they don't literally abandon it treestar Jul 2016 #108

The point I was making is that the abandonment statute seabeckind Jul 2016 #109

This has been a great thread, thanks to all. seabeckind Jul 2016 #87

The entire economy is collapsing hack89 Jul 2016 #95

I thought this whole thing was about a factory being "seized". seabeckind Jul 2016 #97

It is one of thousands of failed businesses in an economy that is shrinking by 15% a year hack89 Jul 2016 #99

Wel then hel, just turn off the lights. seabeckind Jul 2016 #100

Realistically it is too late hack89 Jul 2016 #101

Words fail me. I've rarely seen such a demonstration of COLGATE4 Jul 2016 #104

Perhaps it's a comprehension problem seabeckind Jul 2016 #107

Quit while you're ahead. COLGATE4 Jul 2016 #110

And a strike two!! seabeckind Jul 2016 #111

The Ven. government should do this with any "closed" factories "abandoned" in their country. Sunlei Jul 2016 #113

Time to do a slight course change. seabeckind Jul 2016 #132

My first instinct is TheFarseer Jul 2016 #135