| Venezuela's President and his new friend running | | | | Recently someone asked; "if Venezuela can |
| Bolivia are busy nationalizing industry and businesses, | | | | nationalize industry; the gas and oil business, along with |
| and they are taking all the facilities and foreign | | | | other industries; and then steal the assets of |
| investment that has been poured into their country | | | | companies that have contract with Venezuela for oil |
| over the years. Bolivia has also defaulted on loans, and | | | | services, then why can't the UN be nationalized by the |
| nationalized mining operations, foreign owned | | | | United States as it is in our country." |
| corporations and caused a mess of emerging markets | | | | And I suppose he has bright ideas that once we |
| investments and their trust in assisting such nations. | | | | nationalize the UN, we just keep all leaders of all the |
| When a nation-state nationalized his industry and | | | | rogue nations that we do not like, or that have |
| private businesses, some people believe that they are | | | | threatened as with nuclear weapons and call it a day. |
| duly giving back to the people what is rightfully theirs. | | | | Most people would say that that is outrageous and if |
| This is a rather unfortunate stance because when a | | | | the United States did that that would be unforgivable. |
| nation makes a deal and foreign investment comes | | | | However, what is that unforgivable is for a country like |
| into the country with the prospect of getting a return | | | | Venezuela or Bolivia to nationalize industry, and private |
| on investment and that deal is broken this is a violation | | | | businesses, then steal all their assets and money. No |
| of international contract law. Of course, the | | | | matter that they claim to bringing back to the people |
| nation-state has jurisdiction in their own country, they | | | | like Robin Hood, because it is stealing nevertheless. |
| make the laws there. | | | | Please consider this. |
| Although it is called nationalization it is really stealing. | | | | |