Word: expropriationism
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The U.S. laws, now only slightly more stringent than West Germany's, could grow tougher, whatever economic experts may recommend. Some legislators are sure to offer new restrictions this year. Meanwhile, a law enacted by Congress last year requires a new, comprehensive Government survey of foreign ownership in American...
After Allende's election plurality of 36 per cent in the presidential race of 1970, the world waited for a month to see if the Chilean Congress would vote for the first democratically elected Marxist in history. It did by a majority vote of 78 per cent. On October 24...
With this combination of economic and ideological argument ITT sought to stop Allende's election in 1970 and convince the U.S. government to help in the effort. But Allende was elected and ITT lost the Chilean Telephone Company properties to expropriation, as did other U.S. corporations. It seemed then that...
The commission's report is equally trenchant on other Latin American matters. It contends that U.S. insistence on perpetual control of the Panama Canal jeopardizes its interests more than it protects them. It also urges formulation of foreign investment codes that would at once protect underdeveloped countries from exploitation...
KISSINGER: Well, first of all, it is incorrect to say that we cut off the credit. Most of the credits that were cut off were cut off as the result of the basic policies of the Allende government. Mr. [Robert] McNamara [head of the World Bank and former U.S. secretary...