Reply #89: You are mistaken

[JackRiddler]

There is a long history of nationalizations (and privatizations) in Europe. The biggest disaster in this regard I can think of is one of the latter (UK rail system). At least learn the history before you make such statements.

"First world" perhaps says all we need to know. Generally, countries that are not "first world" are those where the "first world" interests seized everything long ago, and even after the official end of colonialism got to own the key assets and run the businesses to their benefit. If such countries now jump off the imperial consensus, tough.

The US example is absurd only because the US has advocated its own ownership models everywhere in the world, even invading countries for daring to think otherwise, so yeah there would be a rather spectacular hypocrisy if there were a takeover of the Toyota plants. Doesn't mean you might not see it happen after the dollar crash, depending on what regime comes to power here. (The justification will be that hell, those foreigners are the ones who dumped our dollar and left us in a depression.)

Companies possess no inherent right to future profit. It's too bad if they tie up their capital expecting more than their money back, but a state backed by democratic will has the right to pursue a policy that may involve nationalization. If the affected companies get compensation, they should say thank you for the earlier opportunities and get out. More likely they're going to wage war on the Venezuelan people for choosing their own interests rather than the companies'. I think this time, the people actually win.