Friday, June 19, 2015

What if they gave a 'bold cultural revolution'...

... and ended up buying more oil from Venezuela?
State-owned China Development Bank, which loaned $37 billion to Venezuela, is seeing the value of that investment falter, as the country struggles to cope with the economic impact of low oil prices. The loans were supposed to secure China millions of barrels of Venezuelan crude. Venezuela, however, appears to be having trouble in meeting both its repayment and oil obligations.
So, what does Pope Francis think about that?
In a sweeping environmental manifesto aimed at spurring concrete action, Pope Francis called Thursday for a bold cultural revolution to correct what he described as a "structurally perverse" economic system where the rich exploit the poor, turning Earth into an "immense pile of filth."
Francis framed climate change as an urgent moral issue to address in his eagerly anticipated encyclical, blaming global warming on an unfair, fossil fuel-based industrial model that harms the poor most.
Who's the exploiter...the exploitee...(China has had to accept devalued Bolivars in repayment of its loans)?

Is China part of the capitalist conspiracy to wreck the Maduro economy?

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