Reply #57: Wrong example

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Cacao Sucre was formed in 2005, using assets purchased by the government from a bank, which had taken over a bankrupt business. This wasn't a nationalization of an ongoing business, it was a re-activation, in 2005, of a bankrupt business. Therefore I'm afraid the answer is no, it doesn't count, first because it happened in 2005, second because it didn't make profits - I did say show me a profitable business given over to workers, didn't I? Third, because it had been closed for 8 years, it hardly qualified as a business at all, it was a shell company with very few assets, and the bank, which had foreclosed, was happy to sell.

By the way, since I am in Venezuela, and I can use the phone to call friends in Cumana, and today is Sunday, I may ask one of them to drive up to this business and tell us what's the current situation. My bet is that business isn't making profits anyway. I can't find anybody who rememebers any of its products on the shelves, or has seen any small trucks labeled with their name, or anything.