From: Luis Quispe <lquispe-AT-blythe.org> Subject: PERU: The Economist Intelligence Unit To: marxism-AT-jefferson.village.virginia.edu Date: Mon, 29 Apr 1996 23:24:03 -0400 (EDT) Cc: marxism-AT-jefferson.village.virginia.edu THE "ECONOMIST INTELLIGENCE UNIT" (EIU) ANALYZES PERU. The publication Economist Intelligence Unit (EIU), a Wall Street imperialist outlet, in its February release stated: 1. EIU: "Despite Fujimori's public approval which has floated in the range of 60-70%,...the regime lacks political leadership. The opposition Party Union for el Peru of Perez de Cuellar, has turned into a misled organization....Lima's Mayor Alberto Andrade is now seen as the new possible challenger to Fujimori in the next presidential election." The above is revealing. Fujimori's popularity is highly questionable since SIN, the regime's intelligence services, has the control of at least 3 opinion poll companies. Among them are Apoyo S.A,. Imagen, who release periodically fraudulent survey results, manipulating public opinion. Most of the surveys are done by phone in wealthy areas. In the last presidential election, more than 75% of the eligible voters did not vote or voided it. Thus, the "popularity" of Fujimori is like the foam of a beer. His only real support is the bloody bayonets of the Armed Forces. What good has Mayor Andrade done so far? As soon as he took over, he licked the boots of the military by pledging loyalty to the dictator. Then, he unleashed his paramilitary, police and Army to savagely beat and expelled 400,000 street vendors to "clean up Lima," he fired 2,000 workers. Andrade is a former member of the right-wing fascist group Popular Christian Party (PPC.) 2. EIU: "During the run-up to the presidential election (first half of 1995), the government's expenditures rose by more than 45%, compared with the year before...The current account deficit widened to $2.68 billion in the first nine months of 1995, compared with $1.32 billion during the same period in the year before...It will continue to increase in the period 1996-98. It will not cover the deficit gap. Thus, the government will be relying on privatization of Petro Peru (oil), Electro Peru (electricity), and Centromin Peru (minerals) to generate a three buffer areas after which the export -by the privatized companies- should neutralize the deficit. Tourism will also help...Total foreign privatization revenues in 1995 reached only 1.09 billion, less than half of 1994's 2.32 billion." First, the above represents the IMF plan, which goes along with the massive firing of workers, who, to survive, become street vendors and thus plunge into poverty. The wages of all workers are drastically reduced due to the high unemployment and recession. Second, the privatization enforced by the military of key economic strategic sectors, are being resisted by the workers and people, mainly because of the increase of the political and military actions of the People's War in 1995. The greedy foreign capitalists thought that the revolution was defeated with the capture of one of its top leaders. Now they woke up in nightmares when the raging People's War is intensifying the sabotage of imperialist investments. The crippling of the Canadian run Ontario Hydro Power Plant by the People's Army of Liberation, is a good example. 3. EIU: "In October 1995, the regime reached a preliminary Brady- style debt-restructuring agreement with its commercial bank creditors. According to government estimates, the agreement will incorporate some $4.4 billion of principal, plus $4-5 billion in interest. Final agreement may be reached during the first half of 1996, after which annual service costs will be $300-350 million dollars for the next five years...According to the original agreement with the Paris Club, annual service payments of $360m were to be made until 1996, when the payments would increase to around $900m per year." That's the heart of the problem. All imperialism cares about is how to suck up the most blood from the Peruvian people. There is a deficit. Privatization do not solve the problem of the reactionaries. Fujimori will increase taxes to the impoverished people and fire even more workers to raise the money needed to satisfy his imperialist masters. To whom does the "privatization" benefit? EIU informs us: "As of December 1995, the bidders of Petro Peru are Chevron, Mobil, Murphy Oil, Amoco and Exxon (all USA)....Although a preliminary agreement with Shell-Mobil was signed in May 1995, for the development of the Camisea gasfields, a final contract has not been signed yet. The discrepancy between them is that the government wants two pipelines to transport gas to Lima over a seven year term, while Shell plans to establish a 500mw thermoelectric plant near Camisea and postpone the building of the pipelines...Shell wants to pay only 10% of royalties...Chevron is the competitor in this $2-2.5 billion dollars project." [Note. Camisea is the largest gas reserve in South America located in the Department of Cask.] THE CULTURAL OFFENSIVE OF IMPERIALISM. Disney (Touchstone, Buenavista, Hollywood Pictures), Warner and Fox, have recruited and provided licenses to Televideo, a video rental company owned by Frecuencia Latina, the second-largest TV channel in Peru. In 1996, Blockbuster Video opened four locations in Lima. INTELLECTUAL PROPERTY AT THE SERVICE OF YANKEE MASTERS. Peru has a very rich culture. It has produced first rate literary proletarian writers, poets, artists and other original figures, whose intellectual property was never respected by any regime in place, and their foreign masters who have trafficked and profited >from it. For example, many of the Hollywood movies and mass marketed music in the U.S. and Europe contain the Andean music, displays our historical ruins and architecture, etc. Have the imperialists ever respected the intellectual property of the oppressed countries such as Peru? Never. But, when our people use their "U.S. patented products," for even recipes on how to make a "slice of pizza," they use the puppet governments of our countries to suppress the national industry. Let's read the case reported in the EIU: "Following several months of dispute between Domino's Pizza (USA) and the local Disdon Pizza (Peru) for the use of similar logo colors and characteristics, the Fujimori government resolved the issue, in favor of the US company, considering that Domino Pizza is well known worldwide." This may appear to be a small issue, but it clearly illustrates whose interests serves, the genocidal U.S. puppet, country seller Fujimori. THE 1995 DEFICIT GAP INCREASED 100%. IEU: "Peru's trade imbalance is reaching a crisis. Between January and November 1995, the trade gap totalled $2.03 billion, compared with a $1.12 billion deficit in the same months in 1994. Imports were up around 40% during 1995, totaling approximately $7.47 billion. On the other hand, according to the government, exports reached $5.3 billion...The US is its principal market (20% of the total) followed by Great Britain." The total U.S. investment in Peru is $5.41 billion dollars compared with the relatively minuscule Japanese investment of $39.46 million (less than 1% of the total). [Gestion, February 28, 1996] This is important to correct the popular belief that Fujimori represents mainly the interests of the Japanese imperialists. In reality, he is the most faithful lackey of U.S. imperialism. ================================Published by The New Flag 30-08 Broadway, Suite 159 Queens, NY 11106 E-Mail:lquispe-AT-nyxfer.blythe.org PCP Web Page: http://www.blythe.org/peru-pcp --------------------------------- --- from list marxism-AT-lists.village.virginia.edu ---
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