Monday, May 3, 2021

Peru's Presidential Front-Runner In Next Month's Election Vows To Implement A Progressive -Socialist Agenda

Pedro Castillo Zero Hedge: "Enough Looting My People": Peru's Marxist Presidential Frontrunner Pledges To Seize Offshore Company Profits 

US corporations are facing an increasingly tough run over the next few years: on one hand all their domestic profits are about to be taxed at much higher rates thanks to Bidenomics, on the other, they are facing an increasingly hostile socialist regime internationally, that seeks to confiscate most if not all of their offshore profits. 

Case in point, Peru, whose presidential front-runner, Marxist Pedro Castillo who favorably quotes Lenin and Castro, said he’ll do what leftists everywhere do, and intends to redistribute wealth - because socialism - by reviewing contracts with transnational companies in a move to increase onshore wealth.  

Read more ....  

WNU Editor: Presidential front-runner Pedro Castillo is trying to reassure everyone .... 'There is no Chavismo here': Peru's presidential front-runner assures markets (NBC), but he is advocating policies that will negatively impact Peru's business and entrepreneur sector as well as foreign investment. 

The programmer that handles some of my other websites and web projects has family connetions with Peru. His wife is from Lima, and they usually spend (pre-pandemic) 2-3 months each year in that country. 

She tells me that because there is no real viable opposition, Pedro Castillo will win the election, and he will quickly implement their far-left progressive agenda. 

More News On Peru's Presidential Election  

Top Peru Presidential Candidate Vows to Curb Foreign Firms 'Looting' Mining Wealth -- US News and World Report/Reuters 

Peru Leftist Candidate Pledges to Seize Foreign Company Profits -- Bloomberg  

Will Peru Get on the Marxist Path? -- WSJ  

Peru's Presidential Election Will Pick Country's 5th Leader In 5 Years -- NPR

5 comments:

Caecus said...

it fails every time, but there's always a fool willing to try again

Anonymous said...

Peter could look next door to Bolivia and see that Evo Morales has not been good for Bolivia.

Anonymous said...

https://tradingeconomics.com/bolivia/gdp-growth

Anonymous said...

I plagiarized this:
"The government today announced that it is changing its emblem from an Eagle to a CONDOM because it more accurately reflects the government’s political stance.

A condom allows for inflation, halts production, destroys the next generation, protects a bunch of pricks, and gives you a sense of security while you’re actually being screwed!"

Good luck Peru. I hope you aren't using Dominion voting machines.

Ron

Anonymous said...

Brazil against communism and Peru embracing, donkeys go hungry