Micro Lenders

  • Subscribe to our RSS feed.
  • Twitter
  • StumbleUpon
  • Reddit
  • Facebook
  • Digg

Sunday, 13 May 2012

Proletarianizing F1: Hugo Chavez's Pilot Wins Race

Posted on 23:58 by Unknown
Face it: there are certain sports which have an uppity image. Golf. Equestrian sports alike polo and dressage. Rugby even. And, of course, there's F1 which tries to build an image of glamour with various Eurotrash and wannabe Eurotrash sporting perma-tans, big Rolexes, big yachts and attractive young women in tight-fitting clothing (but not much of it). This marketing ploy has done wonders given the rude health of F1 despite the automobile industry having seen better times.

A few months ago I talked about Hugo Chavez's sponsorship of the venerable F1 team Williams. Despite its illustrious history, it's fallen on hard times as of late. Whether their coffers were empty because few want to be associated with a has-been or the other way around because they were not able to build a competitive car for want of cash, Williams' glory days appeared behind it. In this narrative, Williams only gave the Venezuelan Pastor Maldonaldo a race seat since he brought millions in sponsorship money via the state-owned oil firm PDVSA. Not that he's hiding the fact he's a "state-sponsored driver."

Or that's how the story went at least until yesterday. In a made-for-Hollywood script (cue the Rocky theme right about now), Pastor Maldonaldo who before yesterday managed to score championship points only on one occasion by finishing in the top 10 suddenly managed to beat two-time Spanish world champion Fernando Alonso at the Barcelona Grand Prix for a race victory. Hugo Chavez was naturally chuffed, exclaiming "I said so: Our Pastor Maldonado won, making history. Bravo Pastor! Congratulations to you and all your fighting team! We shall overcome!" on Twitter.

It's obvious that Williams remains a struggling outfit. While the other podium finishers Fernando Alonso of Ferrari and Kimi Raikkonen of Lotus sported bespoke race suits, Pastor Maldonaldo sported one that looked homemade with obviously stitched-on sponsorship logos. The other two guys' cars were covered from nose to tail in corporate logos as well while the Williams had many stretches of paint save for lots of PDVSA decals and a few other sponsors.

Given the uppity nature of the sport, consider the implications of the Maldonaldo victory which is, in a larger sense, also a victory for Hugo Chavez and PDVSA:
  1. These Venezuelans take a huge swipe at other energy concerns who Hugo Chavez has tangled with in the past over populist measures. Expropriated ExxonMobil through McLaren-Mercedes was well and truly beaten. Whiny Shell through Ferrari was also put in its (second) place. F1 has traditionally been the preserve of massive global conglomerates like these that Hugo Chavez loves to hate, so I'm sure this fact is not lost on him. (Also consider the plight of that other Williams at Hugo's hands even if it isn't an F1 sponsor.)
  2. It goes a long way towards addressing the "paid driver" image that many including yours truly have of Maldonaldo. On a good day with competitive equipment, he's demonstrated that he can do as well as anyone else.
  3. And speaking of redemption, it validates Sir Frank Williams' decision to hire the controversial Mike Coughlan who was ousted from McLaren over spying on Ferrari. If there's anyone in the F1 paddock they will be looking to spy on this time around, it will be on Williams who've apparently done small miracles with a budget nowhere close to that of the big teams.
  4. Given Hugo Chavez's penchant for conspiracy theories alike blaming incidences of cancer among leftist Latin leaders including himself on the West, I am surprised that he hasn't tweeted about how gringo powers-that-be set the Williams garage on fire to warn against further Pastor Maldonaldo victories.
At any rate it's a huge change for F1 to have so many contenders each race weekend that makes it fun to watch--even if they include faux socialists. In the meantime, racers of the world unite!
Email ThisBlogThis!Share to XShare to Facebook
Posted in Energy, Latin America, Sports | No comments
Newer Post Older Post Home

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • Today's Resource Curse on Aussie Surfboard Mfg
    Little surfer, little one, make my heart come all undone...with your"Made in China" surfboard? Is there nothing sacred about beach...
  • Yay! Our LSE IDEAS, World's 4th Best Uni Thinktank
    Well here's a nice bit of news concerning LSE IDEAS , the research centre I am associated with. The good folks at the University of Penn...
  • Globocop No More: United States After Unipolarity
    LSE IDEAS has been churning out special reports at such a furious pace that I almost forgot to mention this one concerning The United State...
  • Fake Diploma? Be Ecuador's Next CenBank Chief!
    Ah, Ecuador...the archetypal banana republic. For a country that supposedly loathes the United States via its leader Rafael Correa and his a...
  • Commercialism & Christmas in Non-Christian Societies
    Thailand features Christmas elephants, f'rinstance Your Asian correspondent--obviously Catholic with a name like "Emmanuel"--h...
  • Egypt and the Elusive Interest-Free IMF Loan
    Back in the 80s, I loved Aldo Nova's one-hit wonder " Fantasy ." Instead of treating it as a catchy tune and nothing more, I...
  • How Scuderia Ferrari Improved a Hospital ICU [!]
    Longtime readers will know from my blog FAQs that I am most excited about the field of IPE borrowing from different social science discipli...
  • Lamborghini Aventador, US-Subsidized Supercar
    Now for one of my occasional Robb Report impersonations--albeit with an IPE twist. (We've got style, baby.) In 1998, Lamborghini becam...
  • Patrice Lumumba Friendship University Revisited
    Younger readers probably don't know what the USSR's Patrice Lumumba Friendship University was, so a short introduction is required. ...
  • The Myth of the Inflexible Chinese Communist Party
    Some of you may be familiar with the US-China Economic and Security Review Commission (USCC) that was created by the American congress in 2...

Categories

  • Africa
  • Agriculture
  • Americana
  • Anti-Globalization
  • APEC
  • Bretton Woods Twins
  • Caribbean
  • Casino Capitalism
  • Cheneynomics
  • China
  • Commodities
  • Credit Crisis
  • CSR
  • Culture
  • Currencies
  • Demography
  • Development
  • ds Twins
  • Economic Diplomacy
  • Economic History
  • Education
  • Egypt
  • Energy
  • Entertainment
  • Environment
  • Europe
  • FDI
  • Gender Equality
  • Governance
  • Health
  • Hegemony
  • IMF
  • India
  • Innovation
  • Internet Governance
  • Japan
  • Labor
  • Latin America
  • Litigation
  • Marketing
  • Media
  • Microfinance
  • Middle East
  • Migration
  • Mining
  • MNCs
  • Neoliberalism
  • Nonsense
  • Religion
  • Russia
  • Security
  • Service Announcement
  • Socialism
  • Soft Power
  • South Asia
  • South Korea
  • Southeast Asia
  • Sports
  • Supply Chain
  • Trade
  • Travel
  • Underground Economy
  • United Nations
  • World Bank

Blog Archive

  • ►  2013 (183)
    • ►  December (15)
    • ►  November (17)
    • ►  October (19)
    • ►  September (21)
    • ►  August (14)
    • ►  July (17)
    • ►  June (16)
    • ►  May (8)
    • ►  April (9)
    • ►  March (13)
    • ►  February (14)
    • ►  January (20)
  • ▼  2012 (242)
    • ►  December (21)
    • ►  November (25)
    • ►  October (15)
    • ►  September (17)
    • ►  August (20)
    • ►  July (16)
    • ►  June (17)
    • ▼  May (21)
      • ASEAN Way, Not Sanctions, Swayed Myanmar
      • Aung San Suu Kyi Goes Neoliberal, Attends WEF
      • It's (Sorta) Official: Poland, European Darling
      • Curt Schilling's 38 Games & Video Game Subsidies
      • Obama's Deficits: The Buck Stops Nowhere in US
      • Overfishing Futility, PRC/Scarborough Shoal Edition
      • Article IV, or What's Wrong With China by the IMF
      • Princelings: PRC's Rise, US Decline & Sociology
      • Ex-Im Bank Lives and Trade Finance Isn't a Subsidy
      • Small is Beautiful: Anti-Growth in a 6 Minute Video
      • Is Being Fat Related to Being Dumb? The US Case
      • Higher Ed in Existential Crisis: Jobless in US, UK
      • Proletarianizing F1: Hugo Chavez's Pilot Wins Race
      • Railroaded: Today's Depressing Greece Factoid
      • Catholic Melinda Gates vs Church on Contraception
      • Maybe the Renminbi Won't Rule the World After All
      • Pricing Luxury: LVMH in 'Old' Europe, 'New' China
      • Hopeless, Jobless America? Go East, Young Yank
      • Shariah Banking: Islamic Financial Services Board
      • Strange Tales of Delta Air Buying an Oil Refinery
      • Bizarre Agropolitics Triangle: US, PRC & Philippines
    • ►  April (16)
    • ►  March (20)
    • ►  February (26)
    • ►  January (28)
  • ►  2011 (75)
    • ►  December (23)
    • ►  November (21)
    • ►  October (27)
    • ►  September (4)
Powered by Blogger.

About Me

Unknown
View my complete profile