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points by rbanffy 2 days ago | 0 comments

> - Latin America. Expensive, likely to have your assets appropriated by socialists. Not appealing.

I had to laugh. Not sure what Kool Aid you’ve been drinking, but you should stop.

Latin American countries have a long history of appropriating expensive industrial assets, what do you think is so crazy about this?

[–] rbanffy 2 days ago

I laughed at the “likely”. How many times have foreign industrial assets been seized? Just in the past few years there has been huge foreign investments in Brazil (which is the one I follow more closely) covering assets that depreciate much slower than an AI datacenter. And all that under a government opponents call “communist”.

It’s far more likely the American companies will appropriate the government, as it has happened much too frequently, especially in Latin America.

[–] mike_hearn 1 day ago

Quite a lot of times? Brazil has an active programme of seizing land even today.

https://www.brasildefato.com.br/2026/01/30/brazil-advances-a...

They also love pressuring tech companies over content, something much easier if they have expensive assets in the country.

There are still court cases pending over Venezuela's expropriation of assets.

https://tlblog.org/d-c-circuit-allows-venezuela-expropriatio...

Argentina was seizing multi-billion dollar oil firms as recently as fifteen years ago.

You're going to say, but those aren't datacenters. No, because nobody builds big datacenters in Latin America, because they have a history of nationalizing valuable assets.

[–] rbanffy 23 hours ago

Do not confuse agrarian reform with state appropriation of farmland. Agrarian reform aims at unproductive land and sustainable farming development.

Tech companies operating in a country have to comply with said country’s laws. In the specific case of Brazil, compliance with judicial orders is not optional. I remember Twitter was blocked because Elon tried to be non-compliant by firing everyone and thus having no representative in Brazil. It obviously didn’t work. The US forced similar adjustment on TikTok and doesn’t seem to hesitate trying to impose American laws outside its territory.

Most countries consider mineral resources to be state-owned if they are located within their national borders. Bribing officials and installing puppet governments only takes you so far, and occasionally local governments grow backbones to allow them to oppose exploitation.

And courts in the US have no jurisdiction outside their borders. If there is a legitimate complaint, it can be brought to the WTO or other similar international court. Unfortunately, in order to avoid prosecution for war crimes, the US chose not to be part of the ICC.