Marxism Unmasked from Delusion to Destruction.pdf 7471KB

Hungary and live here, and you can get vx>ur monc\'." Often a country with
foreign-exchange controls does not even let a man spend aU his money
earned in a short period of time—it is portioned out m monthly
payments. In effect, this means expropnanon.>^Tiat the\- realK' want is for
the producer, if he should actualh' come to the country, to spend not
only the money earned m the countr\- but also his avm monc>' which he
brings to the countr\'. This pracncally means an end to foreign invrstmcnt.
In the past if people were wiUing to imrst capital m foreign countries
they expected an improvement m condioons. But no\*- this is no longer
the case.
In the Middle Ages, the wealthy kings and rulers traNrled around their
empires. Thev' said the>' u-ere judges and had to keep an eye on the country.
But the real economic reason for their traxrb uis that the pnnce, the
German Kaiser, for insunce. ou-ned big esutes m v-arious parts of the
countrv'. The\' traveled with their retinue to consume what u-as pioduced
there. It was easier to nio\r the men to the commodities than to movr the
commodities to the prince s pabce. This is the vune right that exchan|te
controls give—to consume goods in the nrgK>n ot' their origin.
The ('hinesc go\-ernments urrr \rrv clrvrr Thc\ did not exproprute
the British. First. thc\ prohibited them tmm exporting pfi>lits Then thcN
forced them to operate in *uch a wa> that there was no pnstit Then tho
jsked for ta.xes also, so that the British had to send additKMul mone>' to
(Ihitia. Finally the\- nude the British rrali/e that >\>u cannot do busim^v
with the ct>innuiiiiM\. \x>u e\pecullv cannot imrsi s%ith them
The expropriation of the Mexican oil hekK y^i% accomplished b\
repudiation. b> the nonpasnieni of' bi>nds
The %tt»r>- i>f loreign im-r»immt can be ti>ld in a lirw ^XKxh
Investments urnt t>ut but t>nlv the gliuh. lux g»>Kl KmuK Ne\rrtheles%. during thi» period there
were manv (fcriiun iminuipalitio that nuAerded in getting loans htwi
Ameruan in\rMor\ Sometimes these American imrslan ^wrrr simply
'babes in the nmxkIs". ihe\ didnt kn