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<p>[QUOTE=&quot;medoraman, post: 1252554, member: 26302&quot;]Nationalization can be fine if done properly. Suadi Arabia did it properly when they nationalized, reimbursing the companies for the nationalization. Most nationalizations, though, are simply theft, especially when done in banana republics.</p><p><br /></p><p>I have no problem with any nation wishing to control their own destiny, and agree many corporations can treat third world national land poorly. Like Jim said, though, any nationalization should be done reimbursing the company, if not its just stealing. </p><p><br /></p><p>Btw, you can pretty much tell how a country is going to fare by the way they nationalize. Saudi did it properly, and has run their wells properly, and continue to prosper from oil. Mexico stole the property, and has not run their industry well at all, and produce less oil every year. Eventually their stolen property will be valueless due to their mismanagement. Venezuela will be in the exact same boat, with government cronies being the only ones profiting, not the people.</p><p><br /></p><p>I do not hate Chavez, but I will ask again of his supporters: Please show me one single example where a country was better off after a socialist dictator leaves power than they were before he came to power. All of the cases I have examined I see a country much poorer, and usually with the dictator and his friends with fat Swiss bank accounts.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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